Founders Who Win Think Ahead: The Exit Is the Strategy
Beyond M&A
AUGUST 1, 2025
What made Alex compelling wasn’t just the planning. ” He ran a company worth acquiring.
Xetra expands new retail trading offering with ETFs service
The TRADE
APRIL 25, 2025
Transaction fees for retail executions have been reduced by Xetra, subject to the investor’s bank or broker participating in the service. The new retail data offering also includes real-time order book depth data of all ETFs and ETPs traded on Xetra. It will also serve as a launching pad for further innovation in the future.
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ASX partners with Beeks to power colocation infrastructure
The TRADE
MAY 22, 2025
Jamie Crank, group executive, technology and data at ASX said: This new offering puts the needs of our customers first and has the potential to benefit an underserved market segment, such as buy-side firms, niche and smaller broker and investment firms, and emerging software providers.
Enhancing financial literacy is the key to retail success
The TRADE
JUNE 12, 2025
How are you seeing brokers leverage retail flow on your behalf? Currently, we are seeing brokers leverage retail flow data to enhance liquidity in ETF trading. Furthermore, we have also seen brokers take more inventory onto their books in response to demand from Nutmeg’s customers.
How to Sell an IT Business: Everything You Need to Know in Five Minutes
Sun Acquisitions
JANUARY 8, 2025
Standard marketing steps include developing a compelling pitch book or confidential information memorandum that highlights your businesss strengths, qualifying potential buyers to ensure theyre serious and sufficiently capitalized and handling all inquiries and negotiations discreetly.
Cboe Europe to launch EBBO retail trading solution
The TRADE
JULY 8, 2025
Cboe Europe is set to launch a trading service on its lit order book aimed at retail investors on 8 September 2025, pending UK and Dutch regulatory approval. Specifically, the new service will allow retail investors to trade free of charge across 18 of Europe’s markets, either at or better than the European best bid and offer (EBBO). The launch (..)
Cisco Contributes to Cyber Hard Problems Report
Cisco: M&A
JULY 7, 2025
The astonishing accumulation of personal information available from data brokers and collected from a fusion of advertising and social media has made social engineering attacks much more effective. Read the e-book, see the video, dive into the infographic and more. Get expert perspectives now Why Cisco Security?
The Past Is Not The Past
H. Friedman Search
NOVEMBER 2, 2023
Background Check & Broker Check: What Do They Say About You? Yes, the traditional ones in public finance are your broker check, but even a broker check does not get everything right. Social Media Is A Form Of A Background Check Now It’s more than just the basic broker check. Let’s delve into this deeper.
10 Things We Learned About Buying or Selling a Business by interviewing Zoran Sarabaca - Business Broker
How2Exit
MARCH 15, 2023
He interviewed a few brokers and went with the one he thought was the best match. This pushed him to become a business broker himself, so he could treat clients better and build a better brokerage. Zoran is now a successful business broker and has been for over 18 years. Finding experienced problem solvers can be difficult.
What a Good Insurance Broker Looks Like
Focus Investment Banking
MAY 22, 2025
What a Good Insurance Broker Looks Like Inside the Traits that Make Brokers Acquisition Ready As M&A activity continues to consolidate a fragmented U.S. From reoccurring commissions and operational efficiency to commercial lines focus and niche specialisation, the profile of a good broker has never been clearer.
From Yoga Studio to EBITDA Truths: The Hidden Financial Traps in Small Business Exits
How2Exit
MAY 19, 2025
Today, he helps small business owners prepare financially for growth, funding, and exits, specializing in turning messy books into stories buyers want to hear. Clean Financials Win Deals – Having a finance-savvy team member who can explain your numbers is more valuable than having the best broker in the world.
12 Concepts We Can Learn About Small Business M&A Deals on How2Exit's Interview W/ Eric Grafstrom CEO of ExitGuide.com
How2Exit
APRIL 24, 2023
Additionally, business owners can book follow-up sessions with small business attorneys to ensure that their documents are properly prepared. A small-town broker or attorney can be a valuable resource to help you navigate the complexities of the process. The collaboration between brokers and ExitGuide.com is beneficial to both parties.
Prime brokerage: The intersection of challenge and opportunity
The TRADE
DECEMBER 8, 2023
Instead, a combination of rising interest rates, inflation, soaring energy prices and geopolitical tensions have hit hedge funds, and subsequently the risk management practices of prime brokers. These forces have rumbled markets and led to heightened volatility.
M&A Blog #22 – valuation (less known valuation methods)
Francine Way
JULY 20, 2017
The 1st one for today is the Tangible Book Value (TBV) method. TBV is a method often used to establish a low-level valuation for an on-going entity as most companies typically trade for multiples of book value (4Xs TBV or more). In addition, liquidation of this kind typically requires a broker with associated costs.
11 Concepts You and I Can Learn About the Market & Selling a Small Business From How2Exit's Interview With Lane Carrick - Serial Entrepreneur W/ Multiple Exits
How2Exit
MARCH 19, 2023
Carrick went to work for a Wall Street brokerage firm and managed money for clients as a stock broker. This is why it is important to work with a broker or financial advisor who can help you understand the true value of your business and set realistic expectations. This is because of the relative valuations of other asset classes.
Leaders in Trading 2023: Meet the nominees for…. Best Broker Electronic Trading Initiative
The TRADE
NOVEMBER 3, 2023
Next up in our introduction to the distinguished nominees for the Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist the Best Broker Electronic Trading Initiative. The broker offers a platform with algorithmic access spanning 45 countries and over 100 liquidity destinations globally.
BMLL data made available through Nasdaq Data Link
The TRADE
MAY 14, 2024
The consolidated order book consists of all lit quotes across the primary venues and MTFs that trade Nordic and Baltic securities with the corresponding original place of listing. The offering, which is powered by BMLL, provides T+1 consolidated best bid and offer (CBBO) data for Nordic and Baltic equity markets.
Cboe Europe new VWAP crossing service to launch in Q4
The TRADE
JULY 8, 2024
Trades will be reported in real time as off-book on-exchange executions. Brokers are going to submit indications and then we’re going to match those indications and invite the respective counterparties to submit firm orders for matching. Participants will be able to submit conditional VWAP indications of interest (IOIs).
Skeletons In Your Closet?
H. Friedman Search
AUGUST 17, 2023
Here I am referring to bankruptcy, tax liens, or other more common violations I see on FINRA broker checks. You can find our listing in the “supplier and services” section of the Red Book under the title of “executive recruiting.” If it’s not business related, it can stay with you for a long time. Friedman Search LLC.
Untangling credit and liquidity in FX
The TRADE
SEPTEMBER 19, 2024
Historically market structure in foreign exchange (FX) has lent itself to ISDA-based, direct bilateral trading, meaning buy-side firms – in particular real money firms who don’t have the capabilities to use a prime broker model – are often locked into these relationships with banks based on credit lines. You need open dialogue.
Peterson Acquisitions: A Unique Approach to Buying and Selling Businesses with Devin Craig
How2Exit
DECEMBER 11, 2023
rn Visit [link] rn _ rn About The Guest(s): rn Devin Craig is an acquisition entrepreneur and broker with Peterson Acquisitions. rn Summary: rn Devin Craig, an acquisition entrepreneur and broker with Peterson Acquisitions, shares his journey into the world of mergers and acquisitions.
Exit Through the Virtual Door: Tips for Selling Your E-commerce Business
Viking Mergers & Acquisitions
MAY 18, 2023
To conduct a valuation, a broker or M&A advisor will examine your e-commerce business’s financial documents, such as your balance sheet and tax records, to determine the company’s book value, sale value, enterprise value, or other measures of worth. Look for a broker with a strong record of well-negotiated and profitable sales.
11 Concepts You and I Can Learn About the Market & Selling a Small Business From How2Exit's Interview With Joe Valley Author and Certified M&A Pro
How2Exit
MARCH 23, 2023
Joe has written a best-selling book, The Ex-Entrepreneur's Playbook, to help online business owners get the maximum value and the best deal structure when they seek their own incredible exit. When it comes to financials, having accurate and up-to-date books is essential. Transferability is also key.
Retail boost is driving volumes off-exchange, Liquidnet finds
The TRADE
JULY 6, 2023
Despite retail flows not necessarily adding much in terms of available liquidity, Liquidnet noted that book depth, lower correlations and reduced volatility had improved for traders and portfolio managers. Wholesales were found to have increased their consumption of flow from retail brokers. billion worth of purchasing.
S&P Global division pays $20 million penalty to SEC
The TRADE
SEPTEMBER 5, 2024
Just last month 2 6 broker-dealers were charged with millions in recordkeeping failures. In recent times, the watchdog has launched intense industry-wide investigations into off-channel communications.
Citi makes minority investment in e-trading bond platform provider Cicada Technologies
The TRADE
MAY 9, 2024
The ATS is registered with the SEC and the broker-dealer activities of Cicada Securities – a subsidiary of CT – are regulated by FINRA. Cicada plans to speed the adoption of e-trading via a central limit order book (CLOB) and request for quotes (RFQ) protocols.
10 Thinks To Learn About The Process Of Selling Your Business with Coach Wendy Dickinson
How2Exit
JUNE 26, 2023
Concept 4: Get A Business Broker However, not all business owners are aware of the importance of cash flow analysis and documenting their business cycles. This is where the role of a business broker comes in. A business broker is a professional who specializes in buying and selling businesses.
Cboe launches new sweep order types to bolster liquidity targeting for traders
The TRADE
JULY 17, 2023
Cboe has introduced new periodic auction book (PAB) to lit sweep order types, which will allow participants to sweep the local Cboe PAB or dark book, before sweeping the local Cboe lit book – in an effort to improve liquidity targeting for users.
Bakari Akil: Mastering the Art of Deal Sourcing and Structuring in Mergers and Acquisitions
How2Exit
DECEMBER 18, 2023
Bakari did classes at top business schools and built a network of business brokers and investment bankers to source deals. rn The importance of deal sourcing and building a network of business brokers and investment bankers. I would reach out to business brokers, investment bankers. rn "I actually don't put up a lot of money.
Ready to Sell Your HVAC Business?
Sun Acquisitions
NOVEMBER 29, 2022
Once you’ve done this, you can move on to the next step – organizing your books in preparation for business valuation. Step #2 Organize Your Books and Get a Business Valuation. Before having your HVAC business professionally valued, it’s worth noting that you’ll want to get your books organized.
Fabien Oreve: Fixing Europe’s future markets
The TRADE
MAY 28, 2024
Are central limit order books still fit for purpose? Central limit order books (CLOBs) across primary exchanges remain a significant part of the trading ecosystem for European equities. They can also use a high-touch approach to trading blocks in different ways gain access to large pools of liquidity during the closing auction.
The Art of Buying and Selling Businesses on How2Exit's Interview W/ Richard Parker
How2Exit
SEPTEMBER 4, 2023
Richard also discusses the role of brokers and the importance of maintaining a good relationship with sellers throughout the buying process. rn Validate everything the broker and seller tell you; it's up to you to diligence it. rn Maintain a good relationship with sellers and use brokers as a resource.
Guiding Entrepreneurs: David Barnett's Comprehensive Approach to Buying and Selling Businesses
How2Exit
MAY 20, 2024
Starting from childhood enterprises to careers in sales and a formal education in business school, Barnett has accumulated a wealth of experience that led him to own a business broker office for several years before venturing into banking.
Daniel Lee Shares His Journey of Becoming an Acquisition Entrepreneur
How2Exit
AUGUST 1, 2023
rn The Acquisition Process rn Daniel's search for a business led him to the world of business brokers, who specialize in connecting buyers and sellers. He followed the guidance of the book "Buy Then Build" by Walker Deibel, which provided a step-by-step playbook for acquiring an existing business.
Aquis VWAP Match service set to go live in Q1
The TRADE
DECEMBER 10, 2024
The new service will have the market identifier code (MIC) AVXE in the UK and AVEU in Europe and volumes will be printed under the off-book on-exchange bucket. In terms of USPs, we made the rule change on our lit book towards the end of last year and there’s an element of that that we’re bringing into VWAP Match as well.
Understanding Valuation Techniques in Mergers and Acquisitions
Sun Acquisitions
OCTOBER 13, 2023
By comparing key financial metrics such as price-to-earnings (P/E) ratios, price-to-sales (P/S) ratios, and price-to-book (P/B) ratios, analysts can estimate the target company’s value. In the context of M&A, asset-based valuation techniques such as book value and liquidation value are commonly employed.
The prime brokerage pie is growing, which means bigger slices for everyone
The TRADE
OCTOBER 18, 2024
Data from Convergence tracking the top 25 prime brokers showed their market share grew from 83.3% The bank also highlights to us how “as a global multi-asset class prime broker, we are structured to deliver the widest range of services regardless of strategy type or product complexity”. in April 2023, to 92% in 2024.
Anatomy of a Stock Purchase Agreement
The M&A Lawyer
AUGUST 25, 2015
books and records. brokers and finders fees and. books and records. brokers and finders fees and. brokers and finders fees and. Here’s a long list of subjects that may be addressed by seller representations and warranties: organization and good standing. authority and enforceability. absence of conflicts.
LMAX Group goes live with FX NDF trading in Singapore and London
The TRADE
JUNE 5, 2024
Read more: LMAX Group given green light for NDF trading in both Singapore and London The FX NDFs are traded on a central limit order book (CLOB), delivering transparent price discovery and execution to all market participants including banks, non-banks, proprietary trading firms, institutional brokers, asset managers and buy-side institutions. “We (..)
Leaders in Trading 2023: Meet the nominees for… Outstanding Dark Trading Venue
The TRADE
OCTOBER 23, 2023
The block offering anonymously brings together the block flow of both the buy- and the sell-side while also strengthening existing client-broker relations. For all their trades via BIDS, the buy-side face and pay commissions to a designated broker of their own choosing.
JSE SA Trade Connect 2024: ‘Fragmentation is only great when it’s suitable and there is activity’
The TRADE
FEBRUARY 14, 2024
As a result, it is essential to think about ways that some of that liquidity can be brought back to South Africa in a way that South African buy-sides can also interact with it. “As a broker, I want to be able to access all of the liquidity that’s available,” argued Andries Potgieter, head of electronic trading at Investec Markets.
10 Concepts You and I Can Learn About Buying Businesses in the UK From How2Exit's Interview With John Andrews - London Attorney
How2Exit
MARCH 21, 2023
Additionally, it is important to ensure that any personal expenses are removed from the books before the business is put up for sale. Additionally, it is important to have the books in order before putting the business up for sale. This includes removing any personal expenses, such as vehicle leases and phone bills, from the books.
Your invite to Leaders in Trading New York!
The TRADE
JUNE 6, 2024
In November, The TRADE is set to debut the North American iteration of its glittering awards night in New York, recognising the finest talent and commitment to the trading industry across asset managers, hedge funds, banks, brokers, exchanges and vendors.
How to Sell Business Equity
Sun Acquisitions
SEPTEMBER 9, 2022
Whatever your motives for giving up part ownership in your company, there are things M&A brokers want you to be aware of. They can scrutinize company books, records, and financial statements. An experienced broker is able to facilitate the preparation needed and position your business as an attractive investment.
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