Nomura explores sale of crypto subsidiary Laser Digital; Marex evaluating deal. Phemex News 2026/11/11 10:52 Japan's largest brokerage Nomura Holdings is considering a sale of its crypto subsidiary Laser Digital Holdings AG, with private markets firm Marex Group evaluating the deal, according to people familiar with the matter. Nomura has not made a final decision and may ultimately sell to another party or retain the business. Spokespeople for both Nomura and Marex declined to comment. Zurich-based Laser Digital posted a loss last year amid sharp crypto market volatility, dragging Nomura's European division into an overall loss. Disclaimer: The content provided on Phemex News is for informational purposes only. Phemex do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. Phemex strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.

PIMCO's head of global equity trading departs. Internal promotion set to step up to lead PIMCO's global equity trading; departing individual had been in the role since 2019 and has since launched a women-focused venture impact fund, The TRADE can reveal. Eden Simmer is set to leave her role as head of global equity trading at PIMCO at the end of this year, to found UpLevel Impact Ventures, The TRADE has learnt. According to an internal memo seen by The TRADE, Dan Ivascyn, group chief investment officer, shared that prior to departing, Simmer "worked closely with leadership, the equity trading team and key portfolio management stakeholders to ensure a thoughtful transition of her responsibilities". Upon Simmer's departure, Ru Chee, who has served as an equity derivatives trader for four years at PIMCO, will step up as head of global equities trading at the buy-side firm. New York-based Simmer joined PIMCO in 2010 and had been head of global equity trading since 2019, and before that head of Americas equity trading. Prior to joining PIMCO Simmer traded equities, foreign exchange, and preferred securities for Deutsche Bank Asset Management, and before that worked as an FX trading associate at ABN AMRO. Her new venture - UpLevel Impact Fund - backs companies which are leveraging advanced tech, including AI, with the aim of facilitating women reclaiming time to achieve more. The fund is set to provide strategic capital and hands-on support to support incumbent ideas in the space. Simmer launched UpLevel "to ensure women are not just participants in the AI revolution, but the founders and investors who define it," according to the new venture's website. The TRADE > News > Asset Classes > Equities > Marex adds trio of directors to Paris cash equities sales trading team Marex adds trio of directors to Paris cash equities sales trading team. The hires include a new head of cash equity for Ireland as the firm looks to build out connectivity between US, UK and European markets. Marex has hired three directors to its cash equities business in Paris. Both Glenn Dalton and Dave McEvoy join the firm as directors, cash equity sales trading, while Edward Dunne also steps into the position of director and head of cash equity, Ireland. Both Dalton and Dunne join from Irish stockbroker Goodbody. Dalton spent 12 years at the firm, most recently as head of equities, capital markets, and Dunne joined in 2014 in institutional equity sales, before later becoming head of specialist sales. All three will report to Alexis Bert, head of cash equities Europe. Commenting on the appointments, Bert said: " Glenn [Dalton], Edward [Dunne] and Dave [McEvoy] bring substantial equities experience and strong client relationships to Marex. "We continue to invest in and strengthen the connectivity we provide between Ireland, the US and wider European markets. This supports our strategy to help clients access an ever-broader range of markets and growth sectors." The hires add to Marex's Paris equities business and extend the firm's coverage of Ireland. Specifically, the team will cover client flow between the US, UK and European markets. Elsewhere, Marex completed its acquisition of Webb Traders in August, an equity derivatives market maker based in Amsterdam and Paris. Webb Traders makes markets in single-stock options on European and US mid and large cap equities. Earlier this year, Marex appointed Christophe Roupie in January as global head of electronic trading and platforms. Roupie had spent eight years at MarketAxess before joining.

Marex Group plc Ordinary Shares Q3 earnings call highlights. Marex Group plc Ordinary Shares (NASDAQ:MRX) reported record third-quarter revenue and adjusted profit before tax, as acquisitions, client gains and strong commodities activity helped offset softer equity markets and the seasonal summer slowdown. Revenue rose 53% from a year earlier to $743 million, while adjusted profit before tax climbed 75% to $176 million. Adjusted earnings per share increased 73% to $1.75, and adjusted return on equity was 36%. Group CEO Ian Lowitt said the results reflected the company's efforts to diversify beyond businesses heavily influenced by interest rates and exchange volumes. Adjusted profit before tax increased 6% from the second quarter, even as equity-market volatility softened. For the first nine months of 2026, revenue rose 47% to $2.1 billion and adjusted profit before tax increased 63% to $495 million, Group CFO Rob Irvin said. Market-Making and Prime drive growth. Revenue increased across all four of Marex's reporting segments. Market-making revenue more than tripled to $151 million from what Irvin described as an unusually low prior-year base. Adjusted profit before tax in the segment rose to $58 million from $7 million. Metals market-making revenue reached $91 million, supported by elevated prices and volatility, client hedging demand and the acquisition of Levmet, which closed in June. Securities market-making revenue was $36 million, benefiting from Winterflood and Webb Traders, acquired in August. Lowitt said Levmet and Webb together generated adjusted profit before tax in the low teens of millions of dollars during the quarter. He attributed much of the broader year-over-year improvement in metals to market conditions and share gains. Agency and Execution revenue increased 40% to $361 million. Within that segment, Prime revenue doubled to $115 million, while FX revenue more than doubled to $59 million. Prime revenue was modestly below the exceptionally strong second quarter's $120 million. Lowitt said Prime balances were lower than the second-quarter average following softer equity markets and a repricing of AI-related stocks, but remained around twice their level a year earlier. Paolo Tonucci, chief strategist and CEO of Capital Markets, said the capital required to support on-balance-sheet Prime business would likely constrain its future growth rate. Clearing revenue rose 27% to $170 million, with average client balances up 41% to $18.7 billion. Hedging and Investment Solutions revenue increased 26% to $61 million, although lower equity volatility reduced financial-products revenue and margins compared with the second quarter. Acquisitions and 2027 outlook. Lowitt said Marex remained comfortable with its target of 10% to 20% adjusted profit-before-tax growth in 2027 from the 2026 level. The baseline includes the impact of an early-2026 credit loss rather than excluding it, he said. The company's budgeting assumptions include a full-year contribution from completed acquisitions and the announced Bright Point International deal, but not other potential acquisitions that have yet to close. Lowitt said Bright Point, which he expects to close in the early part of 2027, would strengthen clearing in Asia and enhance Marex's access to China. Tonucci said Marex had agreed commercial terms on four potential transactions, largely in clearing and Prime and mostly in Asia or Latin America. He expects the majority to be signed in the fourth quarter or first quarter, although closing depends in most cases on regulatory approval. He said the deals would probably have little financial impact until the second half of 2027. Marex's risk-adjusted capital ratio was 12.3% at quarter-end. Lowitt said the company had close to $300 million of capital it could deploy while remaining at the level he associated with an investment-grade rating. New services and financial position. Lowitt highlighted a U.S. Treasury cross-margining service and prediction-market access as ways to attract institutional clients. Six clients were live on the cross-margining service, with another 15 in the pipeline, he said. Marex recently began providing clearing access to Kalshi and had six major institutional clients ready to trade, according to Lowitt. The company also plans to go live on Polymarket. Lowitt emphasized that Marex is acting as a clearer, not a market maker, in prediction markets and said it was difficult to estimate the revenue contribution. The company is also working with exchanges and other participants on potential compute futures tied to the processing power needed for AI models. Lowitt cautioned that the market is at an early stage and that he did not know when such products might receive regulatory approval. At the group level, net interest income fell to $36 million from $39 million a year earlier, as higher interest expense on senior debt and structured notes more than offset growth in interest income. Marex ended the quarter with $1.3 billion of liquidity headroom and $8.9 billion in total funding sources, Irvin said. About Marex Group plc Ordinary Shares (NASDAQ:MRX). Marex Group plc is a diversified financial services platform that provides execution, clearing, market-making, hedging and other trading-related services to institutional clients, corporations, asset managers, hedge funds and professional traders. The company operates across a range of asset classes, including commodities, futures and options, foreign exchange, fixed income and equities. Its businesses support clients throughout the trading lifecycle, from accessing markets and obtaining liquidity to clearing transactions and managing financial and commodity price risk.