Mergers and Inquisitions

OCTOBER 18, 2023

Even though we’ve covered industry groups vs. product groups and teams such as M&A , ECM , DCM , and Leveraged Finance , we continue to get questions about capital markets vs. investment banking. The questions usually go like this: Are capital markets teams (ECM, DCM, and LevFin) “real” investment banking?

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Business Standard - FInance

JUNE 25, 2023

The rupee traded almost flat at 81.95 against the US currency in the opening trade on Monday amid gains in local stocks and losses in the dollar against major rivals in global markets. against the dollar at the interbank foreign exchange market. The currency moved in a narrow range before trading at 81.95

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The TRADE

NOVEMBER 13, 2024

But what does the persistent evolution of AI mean for capital markets specifically? The world of trading, and investment generally, is littered with the remnants of now-redundant solutions once thought to be the ‘future’ of the industry.

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The TRADE

AUGUST 7, 2024

Outsourced trading, though undoubtedly a contentious topic, is something that has been around in capital markets for decades in some form or another. However, an undeniable surge has occurred across the trading sphere over the last few years, with decidedly mixed results. And the number is climbing.

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The TRADE

DECEMBER 18, 2023

Improved post-trade efficiencies and initial regulatory leniency will hopefully make this an easier pill to swallow but funding costs and liquidity impacts are yet to be realised. As off-book trading and internalisation grow, concerns about the potential impact on price formation could come to the fore for market participants.

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The TRADE

JANUARY 2, 2024

Eric Heliene, head of buy-side trading desk, Groupama Asset Management  The intensification of financial regulation is a fundamental trend transforming the asset management ecosystem. While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

MARCH 4, 2024

Among those to have responded have been the International Capital Market Association (ICMA), International Securities Lending Association (ISLA) and the Association of Global Custodians (AGC). ICMA commented that progressive penalties introduces unnecessary stress to a market that is most likely already facing liquidity challenges.

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The TRADE

MARCH 28, 2024

The taskforce also recommended a Technical Group should be established, comprising operational and market experts to work through the details including how changes can be best implemented to enable a smooth transition to T+1. More than 80 trade associations and industry participants have volunteered to support the Technical Group.

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The TRADE

SEPTEMBER 11, 2023

Before joining LSEG, Walker worked within JP Morgan Cazenove’s equity capital markets team, where he was responsible for originating and executing equity transactions. Charlie and I share a passion for ensuring that our markets provide companies with efficient access to capital across their lifecycle.

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The TRADE

JUNE 19, 2023

Hong Kong Exchanges and Clearing (HKEX) has launched its new Hong Kong Dollar (HKD)-Renminbi (RMB) dual counter model and a dual counter market making programme in its securities market – in a bid to expand trading of RMB-denominated Chinese stocks.

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The TRADE

AUGUST 14, 2023

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) jointly proposed to introduce block trading through the China-Hong Kong Stock Connect scheme in a bid to create a mutual market access programme between the two jurisdictions.

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The TRADE

AUGUST 30, 2024

Cboe Global Markets has agreed to acquire a minority equity ownership stake in Japannext through a purchase of shares from SBI Holdings. Cboe, a global trading solution provider and market operator, will become a new shareholder of Japannext. SBI will transfer its 14.8%

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Cooley M&A

JANUARY 19, 2023

The Inflation Reduction Act imposes a 1% excise tax on certain repurchases of stock of publicly traded US corporations (“Covered Corporations”) effected after December 31, 2022 (the “Excise Tax”). [1] This post highlights key guidance from the Notice as it relates to common M&A and capital market transactions.

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The TRADE

MAY 29, 2024

Innovation is inevitable as market participants continually seek to enhance their operations across the board, and stock exchanges and trading venues are perhaps some of the most prominent advocates of embracing emerging technological advancements.

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Global Newswire by Notified: M&A

AUGUST 17, 2023

Nasdaq: HMAC) (“HMAC”), a publicly traded special purpose acquisition company. Beginning August 18, 2023, Able View’s Class B ordinary shares and warrants will trade on the Nasdaq Capital Market under the ticker symbols “ABLV” and “ABLVW,” respectively.

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The TRADE

JANUARY 16, 2024

In addition, ESMA is set to assess the effectiveness of a CT for shares by 30 June 2026, which includes consideration of the potential to add additional features to the equity pre-trade tape. While the EU has agreed to a real-time pre- and post-trade consolidated tape (CT) for equities – the devil will be in the detail.

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The TRADE

SEPTEMBER 23, 2024

The additional minimum pricing increment or ‘tick size’ will apply to the quoting of certain NMS stocks, while the reduction in access fee caps will be linked to protected quotations of trading centres. They are pro-capital formation.” or more to $0.001 per share. per share, the access fee cap will be 0.1

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The TRADE

SEPTEMBER 6, 2023

RBC has appointed Guy Chalkley as managing director, UK flow rates sales, according to an internal memo seen by The TRADE. Before joining RBC, Chalkley spent 11 years at NatWest Markets. The move follows the addition of Giles Gleave and Mike Heraty who were appointed as managing directors at RBC Capital Markets in July.

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The TRADE

DECEMBER 21, 2023

The pandemic marked a seminal moment across the capital markets, effectively drawing a line between the old world and the new. Outsourced trading is no longer a taboo topic. In fact, it is now firmly a part of the institutional trading ecosystem,” says Dragan Skoko, head of outsourced trading and xBK at BNY Mellon.

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The TRADE

AUGUST 7, 2023

Its role and the way it interacts with institutional investors differs region to region. Looking into this sector, which is set to experience highly anticipated, yet arguably unpredictable, growth – note the GameStop saga of 2021 – The TRADE deep dives into some of the key considerations.

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The TRADE

JULY 29, 2024

David Kirk is set to join Millennium, following almost three and a half years at Marble Bar Asset Management where he most recently served as a trader, The TRADE understands. Kirk joins the capital management firm with experience working as a trader on both the buy- and sell-side.

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The TRADE

DECEMBER 20, 2023

” ESMA has confirmed that it plans to award to a single entity the right to operate as a CTP for five years, with one authorised for each asset class: bonds, equity (shares and ETFs) and OTC derivatives (or relevant subclasses). The post EU and UK regulators reveal updated plans for bond tape frameworks appeared first on The TRADE.

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The TRADE

OCTOBER 7, 2024

Nasdaq is set to launch volume-based trajectory trading solution PureStream in Europe in Q1 2025, pending regulatory approval. Sean Hoover The offering – already available in the US and Canada – will give clients access to EU shares on Nasdaq Europe. Within Europe there have been some significant moves rumoured.

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Global Newswire by Notified: M&A

NOVEMBER 3, 2023

and its shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “KRRO” on November 6, 2023. (Frequency; Nasdaq: FREQ) and the entity formerly known as Korro Bio, Inc. Korro Bio). The combined company will operate under the name Korro Bio, Inc.,

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Global Newswire by Notified: M&A

FEBRUARY 7, 2024

Prior to closing the Merger, Akerna anticipates completing a reverse stock split of its common stock at a ratio of one share for twenty shares. and under the symbol “GRYP”.

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Growth Business

JULY 10, 2023

Hunt hopes the pension reforms will improve the funding environment for start-ups and make UK capital markets more attractive, following a trend by UK start-ups to list on NASDAQ over the London Stock Exchange such as Cambridge-based chip company Arm.

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The TRADE

NOVEMBER 24, 2023

The new instrument defines and sets out the designated activity of short selling of shares and related instruments. It also empowers the FCA to exempt certain shares from the requirements and to make the rules requiring person engaged in short selling activity concerning shares to comply with specific requirements.

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The TRADE

JULY 4, 2023

The watchdog’s focus will be on a single consolidated tape provider per asset class, which could help ensure that associated data costs remain low alongside addressing the existing fragmentation of post-trade transparency data. The UK tape’s revenue and sharing model and its inclusion of pre- and post-trade data have not yet been confirmed.

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The TRADE

MARCH 4, 2024

Redburn Atlantic has expanded its UK and European execution business with two new heads of sales trading. Tony Atkins was appointed UK head of sales trading. Alongside his appointment, Redburn Atlantic sales trader Luc Demoulin was appointed EU head of sales trading.

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The TRADE

JUNE 6, 2023

David Tamburelli, global head of content acquisition at Bloomberg, highlighted how important BSE is within Chinese financial markets and praised the progress it has facilitated through increased transparency of operations and contributing to the increase in the number of listed companies and supporting data.

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The TRADE

SEPTEMBER 13, 2024

StoneX will acquire 100% of Octo Finances SA shares once complete. It specialises in bond and convertible sales, debt capital markets and credit research. Among the new hires is former head of trading at Incline Global Management, Evan Halpern, who was named managing director of fixed income outsourced trading in January.

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Global Newswire by Notified: M&A

NOVEMBER 3, 2023

and its shares are expected to begin trading on the Nasdaq Capital Market under the ticker symbol “KRRO” on November 6, 2023. (Frequency; Nasdaq: FREQ) and the entity formerly known as Korro Bio, Inc. Korro Bio). The combined company will operate under the name Korro Bio, Inc.,

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The TRADE

APRIL 25, 2024

Hence, why I want asset class experts understanding derivatives […] It’s getting to a level where the derivatives are playing an important role, but a very ingrained role in the underlying markets as well which I want to reflect in our trading structure.” Trading has to adjust,” added Boess.

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Focus Investment Banking

JULY 3, 2024

” As a result of its acceptance of the TSR shares tendered in the tender offer, the purchaser has acquired a sufficient number of TSR shares to consummate the second-step merger in which any remaining shares of TSR common stock will be converted into the right to receive an amount in cash equal to $13.40

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Accenture Capital Markets

JANUARY 22, 2024

Also, since DLT is a “shared state” model, authorized parties can access the embedded data directly. Rising maturity heralds a bright future All of this underlines a unique alignment between DLT and what’s needed for cost-effective green bond issuance, investment and trading.

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Lake Country Advisors

AUGUST 8, 2024

Market Capitalization Market capitalization is one of the simplest and most commonly used methods for valuing a publicly traded company. It is calculated by multiplying the current share price by the total outstanding shares. First, identify a group of similar publicly traded technology companies.

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The TRADE

AUGUST 14, 2023

“Redburn and Atlantic have a proud history of being fully aligned with their clients and working with them to ensure a best execution outcome both via high touch and electronic trading. With more names under coverage and more access to companies, we anticipate our market share will continue to grow in Europe and especially the US.

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