The TRADE

JULY 3, 2023

To resolve the disconnect in approaches, in its 2017 no-action letter to SIFMA, the SEC advised that it would not recommend enforcement action to broker-dealers accepting cash payments for research from investment managers which are required by Mifid II to pay for research from its own money as opposed to client commissions or ‘soft dollars’.

Bulge Bracket 52

Bulge Bracket Asset Management Broker Trading 52

Mergers and Inquisitions

MAY 14, 2025

However, MLPs have become less popular since the 2017 tax reform, and many Midstream companies have converted to C-Corporations and now pay corporate taxes. But it is safe to say that most of the bulge bracket banks perform well and do a lot of deals in these verticals; youll see GS, JPM, MS, Citi, Barclays, and BofA on many large deals.

Investment Banking 59

Investment Banking Banking Bank Investment 59

The TRADE

OCTOBER 24, 2024

Tradeweb launched its all-to-all corporate bond trading functionality in 2017. Usually hosted by bulge bracket banks, SIs are an internalising mechanism that allow banks to execute flow over the counter or off exchange. Rival fixed income trading venue Bloomberg launched its global all-to-all bond trading service in 2022.

Trading 120

Trading Investors IT S&P 120