The companies, products and regulatory developments shaping the broker industry.
BlackRock reported $15.5tn in assets and $205bn quarterly inflows, but the 2026 results distinguish recurring organic base-fee growth from market performance, acquisitions, noncash adjustments and EPS.
BlackRock’s mix table shows that assets are not economically equal. A small private-markets pool produced a disproportionate share of recurring revenue, revealing the incentive behind the group’s expansion into harder-to-value, higher-fee products.
A collaboration would let institutional treasurers access individually owned U.S. Treasury bills from an established cash-management portal, rather than automatically moving into a money-market fund.
The 15 October announcement extends an existing institutional connection for pricing, execution and analytics.
The US-listed active fund launched on 20 October and charges 0.65% a year before investors’ trading costs.