bulge-bracket firm

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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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5 billion in new bond issues in his first 18 months in business, the entrepreneur found himself struggling to survive in a market that forced even many bulge-bracket firms out of the bond business.
Edwards is a finance industry veteran with over 25 years of experience in capital markets and credit at Macquarie Bank, Morgan Stanley, and other bulge-bracket firms.
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.
It's the way fiduciaries, institutions, bulge-bracket firms (the most elite investment banks) and wealthy individuals that are determined to stay wealthy invest.
But the major Wall Street investment banking firms, also known as bulge-bracket firms, felt little impact from the SEC probes.
While it remains much smaller than the bulge-bracket firms, it is also much larger than most boutique or regional investment banks.
Sidoti, "That a professional with the experience Barbara Reguero can boast at bulge-bracket firms has opted to join our firm as head of our micro-cap team speaks volumes about the validity of our efforts.
This is the result of various industry dynamics, including uncertainty due to regulatory reform, reduced capital dedicated to client trading activities at bulge-bracket firms, and niche players unable to sustain their businesses in the face of capital deficiencies.
TowerGroup expects that during this span, bulge-bracket firms will begin to replace their legacy infrastructure with low-latency technology offered by both new and established technology providers.
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.
All but one of the top 10 dealers in TABB's dealer rankings are bulge-bracket firms.
No matter how much the options market has grown recently, Nybo says, "traders' leading complaint continues to be liquidity," which favors bulge-bracket dealers delivering a full suite of services and all but one of the top 10 dealers in TABB's dealer rankings are bulge-bracket firms.