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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If you believe in the prospects of the region, then working for a local bank has increasingly become a better option now than being employed by a large bulge-bracket firm," said a Dubai-based banker who resigned from a global bank last year.
Prior to PIMCO, Jim spent seven years as Head of Asia Pacific HR for a bulge-bracket firm.
Nobody looks any differently at the CEO of a major bulge-bracket firm if they're having problems in the muni business.
The difficult economic environment over the past two years has forced nearly every bulge-bracket firm and even the largest institutional managers to reduce the resources dedicated to equity research.
Combined with recent, high-profile losses at many of the largest, most sophisticated financial institutions, plus the complete unwinding of a major bulge-bracket firm - this, in tandem with the explosive growth in the use of derivatives, has made it clear that our global client base is crying out for help in the derivatives space.
Conducted by Elkins/McSherry, a New York-based transaction cost analysis firm, the survey finds that the only bulge-bracket firm to crack the top ten in NYSE trading, Credit Suisse First Boston, is a leader among bigger firms offering sophisticated algorithmic platforms; its Advanced Execution Services trading engine is regarded as the best such system in its class by head buy-side traders who responded to a separate II survey of Wall Street's best trading firms.
Deutsche Bank was recently ranked the top bulge-bracket firm for equities research by an Investars survey of asset managers, research directors, analysts, individual investors and financial institutions.
It's the way fiduciaries, institutions, bulge-bracket firms (the most elite investment banks) and wealthy individuals that are determined to stay wealthy invest.
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.
While it remains much smaller than the bulge-bracket firms, it is also much larger than most boutique or regional investment banks.
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.