News
(Reuters)
ung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on Wednesday for the start of his criminal trial. Here is a timeline of the fund’s blow up – one of the biggest in years – which left global banks with $10 billion in losses:
(Global Trading)
A new report from three leading market associations outlines an ambitious roadmap to improve the competitiveness of capital markets in Europe through a combination of retail investment, financial incentives, tax breaks and education.
(Bloomberg)($)
London is missing out on a rebound in Europe’s initial public offering market, in yet another sign of its waning prospects as a listing destination. Of the $11.9 billion raised via IPOs in Europe this year, just over 2% was in the UK — the lowest in decades, according to data compiled by Bloomberg. That compares to an average share of 31% between 2012 and 2023, the data show.
(Institutional Investor)
The Securities and Exchange Commission’s whistleblower bounty program has paid nearly $300 million to activist short sellers and other “outsider” tipsters since its creation in 2010, according to a new report by a University of Kansas Law School professor.
(Thomson Reuters)
Banks and asset managers are vying with Europe’s exchanges to develop technology that can deepen the pool of investors in the continent’s capital markets and better compete with Wall Street. The United States has long had a ‘consolidated tape’ aggregating stock and bond prices from competing trading platforms for investors to spot the best deals, and the European Union and Britain seek to match this over the coming three years.
More News
-
IntelligentCross Announces Intraday Optimization
(Traders Magazine)
-
Buy-side divided on changes to research funding models
(Global Trading)
-
WisdomTree faces new battle with largest shareholder
(Financial Times)
-
Einhorn Says Markets Are ‘Broken.’ Here’s What Data Shows
(Bloomberg)($)
-
Substantive Research Survey Reveals Impact of FCA’s Research Payment Optionality
(Substantive Research)
-
Tensions Rise in Silicon Valley Over Sales of Start-Up Stocks
(New York Times)($)
-
Retail investors snap up triple-leveraged US equity ETFs
(Financial Times)
-
Goldman Sachs’ traders made $100m+ on 37% of trading days in the first quarter
(efinancial careers)
-
Election Year Market Impact Assessed
(Traders Magazine)
-
Reshuffle at IEX: Ronan Ryan steps into COO role
(Global Trading)
-
Fireside Friday with… BNY Mellon’s Geoffrey Yu
(The Trade)
-
Head of market structure leaves Barclays
(Global Trading)
-
Asset managers focusing on enhancing product quality, accuracy – Northern Trust
(Pensions & Investments)
-
London leads European equities capital raising in Q1
(Global Trading)
-
Colin Lambert’s: ‘The Last Look…’
(The Full FX)
-
ON THE MOVE: Peter Harrison to Leave Schroders; Liquidnet Gets Jeffrey Crane
(Traders Magazine)
-
FCA seeks new secondary markets advisory committee members
(Global Trading)
-
Chancellor to hold summit in bid to boost stock market
(Proactive Investors)
-
Ban on non-compete agreements sends shockwave across Wall Street
(Financial Times)
-
FLASH FRIDAY: US Brokerage Consolidation to Continue
(Traders Magazine)
-
Nomura Profit Jumps on Fixed-Income Trading, Retail Boom
(Bloomberg)($)
-
Multi-asset trading: the ultimate balancing act
(Global Trading)
-
Flows to European ESG exchange traded funds halve in first quarter
(Financial Times)
Most Commented