Hints and tips:
...H&F has invested in business services companies such as advertising agencies, advisory firms and insurance brokerages for decades....
...FMX is part of brokerage BGC Group, of which Lutnick is chair and chief executive....
...UBS put the unit, which includes investment banking and brokerage services, up for sale after taking control of Credit Suisse when it collapsed last year....
...Ant’s bid for Credit Suisse Securities (China) Ltd, which includes investment banking and brokerage services in mainland China, could complicate UBS’s plans to dispose of its stake in the unit....
...The defunct retailer Sears launched the Discover card in the 1980s, eventually appending it to the Dean Witter retail brokerage. In the 1990s, the pair merged with the posh Morgan Stanley....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...Any sales industry that is prone to price fixing, such as real estate brokerages....
...Alphaville has sub-zero confidence that prime brokerage arms would run plausible scenarios and cut back on the leverage they offer some of their biggest clients as a result....
...But Redditors could still trade merrily as much as they wanted on other brokerages, which mostly just raised margin requirements!...
...“As assets scale, headcount (and with it their cost base) tends to grow on a linear basis,” said a report last year by Goldman Sachs prime brokerage....
...Here are the main concerns that allocators mentioned to Goldman’s prime brokerage team. Interestingly, pass-through fees is a smaller worry than the fact that there might be nasty accidents....
...“As assets scale, headcount (and with it their cost base) tends to grow on a linear basis,” said a report last year by Goldman Sachs prime brokerage, which estimates that multi-managers account for just...
...“It’s a very tough business,” said Harry Jho, founder of law firm Harry Jho LLC, which specialises in prime brokerage, adding that “if you’re providing full financing, you have to be able to assess the credit...
...Smart reads Throwing bones Hedge funds have helped bolster bank profits this year by enlisting their prime brokerage services in an otherwise tumultuous year for markets, fintech adviser Rupak Ghose writes...
...Tiger is seeking cash from large institutional investors such as pension and sovereign wealth funds as well as wealthy individuals with money at large brokerages like Morgan Stanley....
...Most revenues and profits are generated by equity derivatives and prime brokerage. Cash equity commission rates have collapsed in equity trading, and market share ceded to high-frequency trading firms....
...Charles Schwab, the US’s largest retail brokerage, said it was “disappointed” by NYSE’s handling of the problem and urged the SEC to reconsider its proposals....
...Both entities bring highly complementary strengths and a shared vision of a leading full-service, truly global equity brokerage business, supporting the evolving needs of institutional investors and corporate...
...But last October the stock plummeted after the brokerage Peel Hunt published a note saying the company was worth half its market cap, arguing that the potential customer base it was targeting was not as...
...holdings in pandemic beneficiaries like videoconferencing start-up Zoom, e-signature specialist DocuSign, online used-car company Carvana, food delivery app DoorDash, video game company Roblox, and crypto brokerage...
...Robinhood, the brokerage app at the centre of last year’s boom, has seen its growth lose steam....
...Since then, as owner and chief executive, he has grown the business to incorporate about 60 brokerages with an annual sales volume of more than €1bn....
...Citadel Securities is the biggest market maker for ordinary American traders — accounting for about 37 per cent of all retail trading — paying various brokerages for the right to handle their orders....
...Griffin’s trading outfit has made more money from the retail trading boom than any other firm on Wall Street by paying various brokerages for the right to handle orders and providing the financial muscle...
...Shares in digital brokerage Robinhood have roughly halved since its summer listing, while an index that tracks the after-listing performance of special purpose acquisition companies has tumbled 32 per cent...
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