Market liquidity

McDermott Secures $560 Million in New Capital to Fund Future Growth

Retrieved on: 
Wednesday, November 18, 2020
Financial markets, Communication, Forward-looking statement, Balance sheet, Market liquidity

The transactions are designed to further strengthen the Company's balance sheet, increase liquidity and fund future growth opportunities.

Key Points: 
  • The transactions are designed to further strengthen the Company's balance sheet, increase liquidity and fund future growth opportunities.
  • Additionally, McDermott will raise $170 million in gross proceeds from the issuance of common shares to certain of its existing shareholders that has been backstopped by the Investors.
  • McDermott cautions that statements in this communication which are forward-looking, and provide other than historical information, involve risks, contingencies and uncertainties.
  • Except to the extent required by applicable law, McDermott undertakes no obligation to update or revise any forward-looking statement.

Leading Edge Materials appoints Lago Kapital Oy as Liquidity Provider for Nasdaq First North Stockholm listing

Retrieved on: 
Tuesday, November 17, 2020
Finance, Financial markets, Economy of New York City, NASDAQ, Money, Nasdaq First North, Market liquidity, Investment

VANCOUVER, BC, Nov. 17, 2020 /PRNewswire/ -Leading Edge Materials Corp.("Leading Edge Materials" or the"Company") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) has appointed Finnish capital markets firm Lago Kapital Oy ("Lago Kapital") as liquidity provider for its Nasdaq First North Stockholm listing.

Key Points: 
  • VANCOUVER, BC, Nov. 17, 2020 /PRNewswire/ -Leading Edge Materials Corp.("Leading Edge Materials" or the"Company") (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) has appointed Finnish capital markets firm Lago Kapital Oy ("Lago Kapital") as liquidity provider for its Nasdaq First North Stockholm listing.
  • The liquidity provider service according to the new agreement with Lago Kapital will be effective starting December 1, 2020.
  • Lago Kapital will provide liquidity according to Nasdaq Stockholm rules set-out for liquidity providing.
  • The intention is to promote liquidity in the Company's shares listed on Nasdaq First North Stockholm.

Liquidity Services Announces Fourth Quarter and Fiscal Year 2020 Earnings Conference Call

Retrieved on: 
Tuesday, November 17, 2020
Liquidity Services, Finance, NASDAQ, Market liquidity, Money, Investment

BETHESDA, Md., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a global solution provider in the reverse supply chain with the worlds largest marketplace for business surplus, announced today that it will report the results of its fourth quarter and fiscal year 2020 ended September 30, 2020 on Tuesday, December 8, 2020 at 10:30 a.m. Eastern Time.

Key Points: 
  • BETHESDA, Md., Nov. 17, 2020 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT), a global solution provider in the reverse supply chain with the worlds largest marketplace for business surplus, announced today that it will report the results of its fourth quarter and fiscal year 2020 ended September 30, 2020 on Tuesday, December 8, 2020 at 10:30 a.m. Eastern Time.
  • The earnings press release will be distributed prior to market open on the same day.
  • Bill Angrick, Chairman and CEO, and Jorge Celaya, EVP and CFO, will host the earnings event.
  • Liquidity Services (NASDAQ:LQDT) employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients.

Keiretsu Forum Investor Capital Expo Delivers a Grand Showcase for 36 Growth Stage Companies Primarily in Life Sciences and Technology

Retrieved on: 
Tuesday, November 17, 2020
Finance, Investment, Keiretsu Forum, Money, Keiretsu, NASDAQ, SCO Forum, Market liquidity

In addition to presenting companies, Session 3 included keynotes including:

Key Points: 
  • In addition to presenting companies, Session 3 included keynotes including:
    Jeff Thomas, Senior Vice President, Nasdaq, Head of Western US Listings & Capital Markets,"Liquidity-Exiting Today!
  • "The Investor Capital Expo is historically our grand showcase of growth-stage companies.We transitioned to monthly virtual Forum meetings ten months ago.
  • Today's Keiretsu Forum is a worldwide network of capital, resources, and deal flow with over 50 chapters on three continents.
  • Since 2011 Keiretsu Forum Mid-Atlantic has been part of Keiretsu Forum.

24 Exchange Soars to $250 Million Average Daily Volume Record in FX NDFs

Retrieved on: 
Monday, November 16, 2020
Financial markets, FX, Market liquidity, Dark pool, Television, Companies

HAMILTON, Bermuda, Nov. 16, 2020 /PRNewswire/ --24 Exchange, a multi-asset class, 24-hour trading platform, has surpassedan Average Daily Volume (ADV) of $250 Million in FX NDFs throughout October.

Key Points: 
  • HAMILTON, Bermuda, Nov. 16, 2020 /PRNewswire/ --24 Exchange, a multi-asset class, 24-hour trading platform, has surpassedan Average Daily Volume (ADV) of $250 Million in FX NDFs throughout October.
  • The company'stransaction volumereached a single-day record of more than $400 Million, while ADV levels of $250 Million havecontinued into November.In August, 24 Exchange announced that it had reached an average daily volume of $100 Million.
  • These two additional FX products will offerthe same word-class liquidity and cost efficiencies as 24 Exchange's FX NDFs.
  • Dmitri Galinov, CEO and founder of 24 Exchange, said, "Average Daily Volume has more than doubled since mid-summer, further enhancing our position as a robust and reliable liquidity pool in the FX NDF marketplace.

DGAP-News: GESCO reasserts outlook after first nine months

Retrieved on: 
Monday, November 16, 2020
Financial regulation, International Financial Reporting Standards, Market liquidity

Wuppertal, 16 November 2020 - GESCO Group, a Prime Standard-listed company, has reasserted its outlook for financial year 2020 after the first nine months of the year.

Key Points: 
  • Wuppertal, 16 November 2020 - GESCO Group, a Prime Standard-listed company, has reasserted its outlook for financial year 2020 after the first nine months of the year.
  • In addition, it has adjusted its M&A activities over the past few months, recruited additional staff and intensified its operations.
  • With increased liquidity and reduced bank liabilities, GESCO also provided itself with greater financial means for acquisitions.
  • GESCO Group key figures for the first nine months (1 January to 30 September 2020) of financial year 2020 pursuant to IFRS:

ESMA tells fund managers to improve readiness for future adverse shocks

Retrieved on: 
Friday, November 13, 2020
Finance, Money, Economy, Investment, European Union directives, Financial markets, Directive 2009/65/EC, European Union law, Market liquidity, Liquidity risk

Five priority areas have been identified to enhance the preparedness of the funds and relate to the following topics:Ongoing supervision of the alignment of the funds’ investment strategy, liquidity profile and redemption policy;Ongoing supervision of liquidity risk assessment;Fund liquidity profile reporting;Increase of the availability and use of LMTs; andSupervision of valuation processes in a context of valuation uncertainty.ESMA coordinated a supervisory exercise with national securities regulators involving collecting and analysing data on funds exposed to corporate debt and funds exposed to real estate.

Key Points: 
  • Five priority areas have been identified to enhance the preparedness of the funds and relate to the following topics:
    1. Ongoing supervision of the alignment of the funds’ investment strategy, liquidity profile and redemption policy;
    2. Ongoing supervision of liquidity risk assessment;
    3. Fund liquidity profile reporting;
    4. Increase of the availability and use of LMTs; and
    5. Supervision of valuation processes in a context of valuation uncertainty.
    • ESMA coordinated a supervisory exercise with national securities regulators involving collecting and analysing data on funds exposed to corporate debt and funds exposed to real estate.
    • The exercise showed that the funds in question managed to respond adequately to redemption pressures.
    • We also encourage swift proposals to amend the EU legislative framework to ensure that liquidity management tools are widely available to asset managers across the EU.
    • In addition, some funds presented potential liquidity mismatches due to their liquidity set up that should be addressed.
    • Against this background, fund managers authorised under UCITS and AIFM Directives should enhance their preparedness to potential future adverse shocks that could lead to a deterioration in financial market liquidity and valuation uncertainty.
    • ESMA has also organised regular data collection on the use of LMTs by EEA UCITS and AIFs.

    • Exchange Listing, LLC to Open NEO Stock Exchange

    Retrieved on: 
    Friday, November 13, 2020
    Economy of Toronto, NEO Exchange, Neo, Market liquidity, Stock exchange, London Stock Exchange

    The NEO Exchange is Canadas next-generation senior stock exchange, bringing much-needed competition and disruption to the Canadian market.

    Key Points: 
    • The NEO Exchange is Canadas next-generation senior stock exchange, bringing much-needed competition and disruption to the Canadian market.
    • We are currently working with two issuer clients on their application processes to list to the NEO Exchange, Goldstein said.
    • NEO Exchange is a progressive stock exchange that brings together investors and capital raisers within a fair, efficient and service-oriented environment.
    • The NEO Exchange lists senior companies and investment products seeking a stock exchange that enables investor trust, quality liquidity and broad awareness, including unfettered access to market data.

    ESMA tells fund managers to improve readiness for future adverse shocks

    Retrieved on: 
    Friday, November 13, 2020
    Finance, Money, Economy, Investment, European Union directives, Financial markets, Directive 2009/65/EC, European Union law, Market liquidity, Liquidity risk

    Five priority areas have been identified to enhance the preparedness of the funds and relate to the following topics:Ongoing supervision of the alignment of the funds’ investment strategy, liquidity profile and redemption policy;Ongoing supervision of liquidity risk assessment;Fund liquidity profile reporting;Increase of the availability and use of LMTs; andSupervision of valuation processes in a context of valuation uncertainty.ESMA coordinated a supervisory exercise with national securities regulators involving collecting and analysing data on funds exposed to corporate debt and funds exposed to real estate.

    Key Points: 
  • Five priority areas have been identified to enhance the preparedness of the funds and relate to the following topics:
    1. Ongoing supervision of the alignment of the funds’ investment strategy, liquidity profile and redemption policy;
    2. Ongoing supervision of liquidity risk assessment;
    3. Fund liquidity profile reporting;
    4. Increase of the availability and use of LMTs; and
    5. Supervision of valuation processes in a context of valuation uncertainty.
    • ESMA coordinated a supervisory exercise with national securities regulators involving collecting and analysing data on funds exposed to corporate debt and funds exposed to real estate.
    • The exercise showed that the funds in question managed to respond adequately to redemption pressures.
    • We also encourage swift proposals to amend the EU legislative framework to ensure that liquidity management tools are widely available to asset managers across the EU.
    • In addition, some funds presented potential liquidity mismatches due to their liquidity set up that should be addressed.
    • Against this background, fund managers authorised under UCITS and AIFM Directives should enhance their preparedness to potential future adverse shocks that could lead to a deterioration in financial market liquidity and valuation uncertainty.
    • ESMA has also organised regular data collection on the use of LMTs by EEA UCITS and AIFs.

    • HarbourVest Partners Closes Dedicated Core Infrastructure Vehicle

    Retrieved on: 
    Friday, November 13, 2020
    Professional services, Finance, Financial markets, HarbourVest Partners, Market liquidity

    HarbourVest Partners, a global private markets asset manager, today announced the final close of Adelaide, its dedicated core infrastructure vehicle.

    Key Points: 
    • HarbourVest Partners, a global private markets asset manager, today announced the final close of Adelaide, its dedicated core infrastructure vehicle.
    • It is exciting to close Adelaide, given our demonstrated expertise executing liquidity solutions for the core infrastructure market, said Kevin Warn-Schindel, Managing Director, HarbourVest.
    • The HarbourVest team has been investing in infrastructure since 2008, and we were among the first managers to create a dedicated infrastructure secondaries team in 2014.
    • The fund targets long-term, low-risk, cash-generating core and core plus infrastructure assets, principally located in North America, Western Europe and Australia.