Hints and tips:
...their knowledge and experience to trade in a market where Millennium and its affiliates have long been engaged in trading activity (including in options) and has established relationships with relevant brokers...
...Because TMTG has become relatively expensive to short, or bet against, “brokers have a significant financial incentive to lend non-existent shares”, Nunes said....
...Amazon said in February that Bezos — who is among the world’s richest people with a net worth of $190bn, according to Forbes — planned to sell up to 50mn Amazon shares via broker Morgan Stanley by the end...
...The two firms held discussions in early 2020 after Schonfeld suffered a 16 per cent loss during the coronavirus-induced market rout and was asked to put up more collateral by its prime brokers....
...The AI tool also plays a role at the end, drafting a reply email to the broker, summarising what Hiscox has agreed to insure. The human underwriter reviews the summary before sending....
Plus, the litigation powerhouse that took on Argentina and Peter Orszag plots a comeback for Lazard
...Several companies have filed paperwork for IPOs in the past few weeks, including UK commodities broker Marex and casual dining chain Panera....
...The SEC on Friday charged broker-dealers and investment advisers — including Perella Weinberg Partners and Interactive Brokers — for “widespread and longstanding failures to maintain and preserve electronic...
...The list of borrowers shifting from private to public debt markets includes Veritas-backed energy consultancy Wood Mackenzie and UK insurance broker Ardonagh, according to people briefed on the matter....
...Given the hedge fund’s uncompromising approach to their prime brokers and risk management that is plausible. But a lot of players would probably be shaken out of the trade pretty quickly....
...Data brokers have been banned from using the data under Google’s terms for a long time, but Google didn’t build safeguards into the app approvals process to catch this behaviour....
...As mainFT reported at the time, brokers dramatically raised their margin requirements for their customers, and Robinhood faced a $3bn charge....
...“If assets start getting redeemed, the investors that are left behind get left with the brunt of the costs,” the prime broker says....
...A prime broker explains it like this: “If assets start getting redeemed, the investors that are left behind get left with the brunt of the costs....
...Meanwhile, distribution channels for selling ETFs also vary across the continent, which will require Ark’s salesforce to win orders from a mix of fund supermarkets, banks, brokers, wealth managers and financial...
...“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...
...Its admirers compare it to Lazard or Goldman Sachs before their respective IPOs — a close-knit circle of supremely connected power brokers quietly shaping commerce around the world....
...The deal will be Ark’s first real push into Europe, and comes after Swedish broker Avanza launched a mutual fund for local investors managed by Ark Investment Management earlier this year....
...“If the alternative was a long period of distress, then this is the best alternative for PacWest,” said Dick Bove, a veteran bank analyst and chief strategist at boutique broker Odeon Capital....
...several markets including options and corporate bond trading, but are best known for their profitable US equities businesses where they “wholesale” orders, including from retail investors trading via online brokers...
...argue London listing reforms would damage City (FT) PwC tells UK staff to expect smaller pay rises and bonuses (FT) BBC chair calls for board to re-establish confidence at broadcaster (FT) Securities broker...
...Dealmaking deterrents Japan’s problematic equity “cross-holdings” could hypothetically broker a $20bn takeover “for free”, the FT’s Leo Lewis explains. But the country is only ripe for M&A in theory....
...Gold miner Newmont seals $19bn deal for Australia’s Newcrest (FT) Oneok to buy Magellan Midstream in $19bn US pipeline deal (FT) Brookfield puts UK holiday resort Center Parcs up for sale (FT) London brokers...
...Its beauty business — with highly rated skincare brands and well-trodden online platforms — might alone be worth £1.4bn, says broker Liberum, on an undemanding multiple of one times forward sales....
...Swedish broker Avanza has launched a fund for local investors managed by Ark Investment Management, the firm founded by star US manager Cathie Wood....
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