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Bulge-Bracket Firm
(redirected from Bulge-Bracket Firms)

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Bulge-Bracket Firm
In bracketing, an underwriting firm responsible for placing a certain amount of a new issue with investors. If a bulge bracket firm is the single largest underwriter, it may be responsible for assigning parts of the issuer to other underwriters. Brackets are listed in order of size on an advertisement detailing each new issue, known as the tombstone.

bulge-bracket firm
A large investment banking firm that is considered to have an exceptional reputation and customer base. Investment bankers such as Merrill Lynch, Morgan Stanley, and Goldman Sachs are held to be among the relatively small group of firms that qualify.


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McPartland says that because a completely virtualised and highly utilised infrastructure is still years away for sell-side equities technology - 80 per cent of the bulge-bracket firms are using server virtualisation but its use for trading applications is unlikely due to the latency penalty - a large gap exists between what is currently possible and actually done.
The buy-side has been unable to escape the troubles facing the sell-side bulge-bracket firms, and cutbacks on the desk have become commonplace.
The engineering major is hoping to land a job with Australian bank Macquarie, which was "very blunt" in declaring at its recruiting session that it was taking the opportunity to scoop up talent that in previous years would have been hired by bulge-bracket firms.
 
 
 
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