The companies, products and regulatory developments shaping the broker industry.
A reconstruction of Goldman Sachs’ third-quarter revenue bridge finds 61% of the year-on-year equities gain came from financing, changing how the headline trading expansion should be read.
The new Series G is a financing event, not trading revenue. The exchange is reporting unusually large annualised activity across several markets, while several future product categories remain plans.
The GIC-led round values the Canadian platform at CAD13.8bn after the investment. Investor disclosures separate money for expansion from secondary share sales and put the expected close in the fourth quarter.
The relationship adds an institutional customer mandate to a platform built around consolidated collateral and post-trade services.
Bank-backed equity and debt will support a $200 million acquisition that adds securities-lending distribution to its existing portfolio-optimisation business.