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....
...A wave of insurance brokerages including Hub Group and Integrity Marketing Group have taken private equity cash....
...On Monday, the Virginia-based bank said it had agreed to acquire Discover Financial Services for $35bn, to be paid all in stock....
...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....
...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....
...Any sales industry that is prone to price fixing, such as real estate brokerages....
...But Redditors could still trade merrily as much as they wanted on other brokerages, which mostly just raised margin requirements!...
...But consultancy services to help companies improve their ratings are still widespread....
...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...
...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....
...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...
...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....
...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...
...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...
...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...
...Griffin was called to testify before the House of Representatives financial services committee in February 2021 following the GameStop frenzy....
...Company insiders sold $13.5bn of stock — and bought just $11m — in the six months to December, far higher than in any previous period, according to calculations by StoneX, a brokerage....
...Some investors accused brokerages of conspiring with the market maker to prevent them from trading shares....
...“Let us hope that in Washington we maintain the status quo that brokerage firms have a duty to secure the best execution they can for their customers,” Griffin said in his address....
...As I wait for the service to begin, I track down Reverend Brian Mowrey, one of Walnut Hill’s lead pastors....
...Bitcoin Trust, or directly through crypto exchanges, Sapir said ETFs would open up the market to a wider variety of investors, including those using 401(k) pension funds, individual retirement accounts and brokerage...
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