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Optiver, XTX Markets among consortium to back launch of Brazilian derivatives exchange A5X

The TRADE

Optiver, IMC Trading, Jump Trading Group, XTX Markets and ABN AMRO Clearing Bank have invested in A5X, a new Brazilian derivatives exchange which is set to begin operations by 2026. The total capital raised so far stands at an estimated R$200 million following both Series A and B rounds.

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BlackRock and Citadel Securities back new Texas-based challenger exchange

The TRADE

The TRADE understands that BlackRock has taken a minority investment. With approximately $120 million of capital raised, TXSE is expected to be the most well-capitalised exchange entrant to file a registration with the US Securities and Exchange Commission.”

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ION tackles equities slowdown with launch of new liquidity seeking trading solution

The TRADE

ION has released a new liquidity seeking trading solution aimed at helping traders boost performance amid the ongoing equities slowdown. The new dark mechanism comes to market as firms are increasingly looking to technology as a solution to the ongoing slowdown in equities trading and capital raising globally.

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Capital Raise Blog Series - Vol 12 - What is Microlending?

RKJ Partners

Also in 1991, a trade organization for microlenders, the Association for Enterprise Organization (“AEO”), was founded. It was not until 1991 that the SBA first recognized “microenterprise” as a separate category of business and established the Microloan Demonstration Project.

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Panmure Gordon and Liberum agree merger to create new investment banking giant in the UK

The TRADE

Once approved, the expanded trading platform of Panmure Liberum will also boast trading relationships with more than 900 counterparties across the UK, US, Europe and Asia. The post Panmure Gordon and Liberum agree merger to create new investment banking giant in the UK appeared first on The TRADE.

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Ex-Goldman Mifid data expert joins Propellant in product role

The TRADE

Speaking to The TRADE, Vincent Grandjean, chief executive, highlighted how the move fits into the company’s overall vision: “Following our capital raise in July this year we are investing in enhancing our range of analytics and scaling our platform. He has also previously served in roles at Accenture and Deutsche Bank.

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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Mergers and Inquisitions

Distressed Debt Hedge Funds Definition: Distressed debt hedge funds buy and sell debt that is trading at a steep discount to face value, such as 40%+, and make money by betting on changes in the price of this debt or using it to gain influence in a restructuring or bankruptcy process.

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