Hints and tips:
...The company provides global supply chain management software, connecting shipping and freight operators with brokers and other relevant bodies....
...Rivals include traditional freight brokers such as CH Robinson and digital freight start-ups like Convoy in Seattle. Amazon looms large too....
...In 2020, revenue for the freight division, which matches truckers to cargo by cutting out brokers, exceeded $1bn. In the tech industry, heavy losses are not necessarily a sign of failure....
...“Brokers profit when investors trade,” Gensler said. “For those brokers who have these arrangements — and not all do — higher trading volume generates more payment for order flow....
...Uber will retain majority ownership of the freight unit, which reported a loss of $49m in the second quarter. The business acts as a broker connecting large companies to a network of truck drivers....
...As a broker, Uber takes a commission from the companies wanting to ship goods....
...Brussels has repeatedly urged governments to rebuff such attempts, as they risk undermining the EU’s efforts to broker a comprehensive exit agreement with the UK....
...On Mr Khosrowshahi’s watch, Uber has highlighted its spending to bulk up new ventures such as the Uber Eats food delivery service, its Freight trucking arm and electric bike and scooter rentals....
...(Even your friendly broker wouldn’t have the nerve to peddle a 100-year bond, if he had any available, as “safe.”)...
...The wholesale price index for truck freight transport in November was up 3.1 per cent year-on-year....
...Though a small client of Braemar’s, the broker could benefit from a role in the fire sale or scrapping of the South Korean group’s vessels....
...“The transports are definitely flashing a big red warning sign,” says Nicholas Colas, chief market strategist at Convergex, a broker. The soft rail freight market is a huge change from two years ago....
...A survey earlier this year of the Financial Times Top 400 Advisers at broker-dealers found that 27 per cent use tactical allocation, while 32 per cent rely on core-satellite and 19 per cent cling to style...
...The prosecution said he led a conspiracy to fix the Libor benchmark, making requests of traders and brokers almost daily in order to benefit his own trades....
...And two weeks later, he would brag to his broker that he had told the CME to “kiss my ass”....
...Brokers had to demonstrate that they had sizeable capital buffers and, more importantly, a 50/1 leverage cap on trades was imposed....
...In January, the exchange bought control of Cleartrade, a small Singapore-based trading platform that specialises in freight, fuel oil and metals derivatives....
...The company does have a second, cheaper B class of stock with fewer voting rights, created in 1996 to thwart brokers who were slicing and dicing the stock themselves....
...The registered investment adviser universe has become tighter and stronger, resembling some aspects of brokerage firms and wirehouses....
...She did not look like a master of the media universe....
...Bankers appear to be living in a parallel universe, where the rewards are far out of kilter with what the rest of society can expect....
...For brokers, the basic trade – short yen, long stocks – is easier to carry out if they focus on the 225 stocks in the Nikkei rather than the 1,755 stocks in the Topix....
...It will remain wholly owned by its original investor, John Banaszkiewicz, the managing director of iron ore interdealer broker Freight Investor Services....
...Cleartrade had one private investor in John Banaszkiewicz, the managing director of Freight Investor Services, an iron ore interdealer broker. He will retain a 10 per cent stake in Cleartrade....
...“We’re not obviously global masters of the universe but we have a presence in jurisdictions and countries that the UK competition doesn’t have,” he says....
International Edition