Marco Polo and Rosenblatt Ally to Offer Foreign Brokers Enhanced Trading Services and Distribution to US Institutional Customers
NEW YORK, Nov. 14, 2022 /PRNewswire/ -- Marco Polo Exchange ("MPX") is delighted to announce an agreement with Rosenblatt Securities to expand the distribution and execution services available to MPX's client base of foreign securities firms accessing US markets under SEC Exchange Act Rule 15a-6. As part of the collaboration, MPX will offer its industry-leading chaperone and distribution automation solution to Rosenblatt's existing universe of chaperoned brokers. In turn, Rosenblatt will offer MPX's customers privileged access to Rosenblatt's US and international equity trading services and extensive buy-side relationships.
"We have long been an advocate of expanding US institutional investor access to the universe of international investment opportunities and have offered bespoke services to a dozen or so leading foreign brokers for the past several years to foster that," said Joe Gawronski, CEO of Rosenblatt Securities. "MPX has invested heavily in technology and created the industry-leading compliance and distribution solution for foreign brokers. With the scale its portal has achieved through onboarding dozens of clients already, offering our foreign broker partners the opportunity to leverage MPX's centralized distribution and agile compliance platform is a no-brainer."
Rosenblatt's Head of Execution Services, Jourdain Frain, added: "And it's a perfect match as we can continue to serve our foreign broker partners' US and international equity execution needs, as well as open up Marco Polo's existing roster of broker offerings to our large US buy-side customer base."
Steve Carlson, President of Marco Polo Securities, noted: "This combination of Rosenblatt's buy-side relationships and leadership in high touch and electronic execution with our tracking, reporting, and deal management tools, creates the first true hub for foreign firms seeking to market their products to the world's largest market in a transparent, rules-driven framework. Over the past two years, we have invested in bringing a new level of automation and analytics to cross-border workflows, creating a destination for the buy side to see the products and transact with foreign securities firms in a compliant manner. Today, hundreds of foreign firms seek to promote their products to US investors, either violating US compliance rules or simply avoiding the US altogether out of respect for our rules. MPX is an invitation to bring that era to an end!"
Martin Hakker, Chief Revenue Officer of MPX, added: "I have known Rosenblatt Securities for a very long time and admired the care and intelligence with which they have built the largest NYSE floor broker and the leading global market structure intelligence product, as well as become one of the most respected and trusted equities boutiques overall in the US. We look forward to incorporating Rosenblatt's trading capabilities and institutional reach as part of our offering to international securities firms."
About Marco Polo: Marco Polo Exchange (MPX) is a Delaware-incorporated financial service and technology firm dedicated to expanding cross-border capital raising and investing. We leverage specialist regulatory licenses, blockchain, AI technologies, and ESG compliance to match global buyers with local issuance and investment opportunities. Our mission is to lower the cost of capital for SMEs around the world. Our broker-dealer, Marco Polo Securities, is the leading 15a-6 chaperone broker in the US markets.
For more information, please visit www.mpxchange.com.
About Rosenblatt Securities: Rosenblatt Securities is a boutique tech research firm, investment bank, and independent institutional brokerage founded in 1979 and headquartered in New York. The firm is the largest floor broker on the New York Stock Exchange and provides industry-leading market-structure analysis, global technology and fintech equity research, consulting and investment-banking services to a wide variety of clients globally, including institutional investors, exchanges, regulators, technology companies, banks, brokers and proprietary trading firms. In 2021 the firm was named Best Firm for Market Structure & Execution Consulting by Financial News. It also has been named two years running to Institutional Investor's FinTech Finance 40 list. For more information, please visit www.rosenblattsecurities.com.
Contact:
David Snyder
dsnyder@mpxchange.com
SOURCE Marco Polo Exchange LLC
Blockchain startup to help SMEs access ESG capital
Blockchain startup to help SMEs access ESG capital
Small and medium enterprises are seen as the backbone of the net zero approach to the climate. But the vast majority of them lack the financing to implement their environmental, social, and governance ( ESG) programmes. A New York City based start-up named Marco Polo Exchange (MPX) is rolling out its POLO marketplace to help at least 150,000 SMEs overcome these challenges.
As part of this, MPX has announced plans to invite this September a handful of global institutions such as investment banks, asset managers, impact capital funds and ESG standard boards to become early adopters of the solution. The company has also announced the launching of the POLO platform at year end, with an initial focus on Brazil, which is a global leader in ESG products & issuance.
“SMEs or small and medium enterprises, as you may know, have big challenges in terms of accessing technology and appropriate infrastructure to access funding that will allow them to become ESG compliant and lower their carbon footprint,” said Otto Nino, MPX’s chief product officer, at the May Finverse Forum event in Luxembourg.
Lacking proper resources
Nino presented a survey from the SME Climate Hub that shows that almost 70% of world-wide SMEs “do not have the proper resources to implement their ESG compliance programmes.” Partly this is due to constraints involving regulatory barriers or adequate infrastructure to access liquidity from worldwide investors facing SMEs.
To resolve this problem, MPX has created a platform bringing together its regulatory licenses and blockchain. “This is the first online blockchain-driven platform that allows local investment managers or issuers of financial assets to embed, meaning incorporate the ESG criteria, and ESG compliance into the assets via the tokenisation of such assets.”
Nino outlined a use case involving and SME that wants to change its energy usage. “And they’re situated in Australia, but the main pool of funding that could be available or interest in investing in a project like that sits in Luxembourg or the US or the UK,” Nino explained. “Without the proper technology channels, those issuances or that need for capital and funding will not be seen by this by those investors.”
Cumbersome & costly
He explained that the SMEs also need help to overcome regulatory barriers that might impose many “cumbersome and costly” processes in order to access the funding.
What the POLO platform does, Nino explained, is streamline the primary issuance of the securities; capital issuance and their distribution. He said tokenisation adds a lot of value, and that later, secondary trading “will enable the liquidity for those financial assets issued by SMEs”.
“Basically what we’re doing is combining in one single environment online with the help of blockchain, the regulatory compliance, the ESG compliance and the reporting and distribution for the investor community around the world.”
Nino pointed out that ESG compliance has faced serious challenges as to the validity and certification of such assets. “Blockchain, via the decentralisation and consensus mechanism, allows us to secure that certainty for the investors.” He added that blockchain’s ability to enable fractional ownership, which makes it more efficient and less expensive to be able to access investments or asset classes.
Smart contracts
Smart contracts, another feature of blockchain platforms, Nino explained, allow the incorporation of the characteristics and attributes that certify ESG compliance without the cumbersome and costly processes of other approaches. “It allows us to, as the volume grows, standardise what any ESG-certified security will look like and how it will be traded.”
Nino said smart contracts play a big role in permitting Polo to lower barriers, but also provides redundancy and technical transparency in term of the certification of the transactions. Blockchain allows us to have an audit trail giving certainty as to the immutability of the records. “So when we are portraying in our platform for an ESG SME issuer that an asset is ESG certified . . . there is certainty that that quality and that information will not be tampered with and is secure and easily accessible.
Martin Hakker joins Marco Polo Exchange as Chief Revenue Officer
Martin Hakker joins Marco Polo Exchange as Chief Revenue Officer
NEW YORK, July 20, 2022 /PRNewswire/ -- Marco Polo Exchange (MPX), a US-headquartered financial services and technology firm dedicated to breaking down the barriers to cross-border investment and capital raising, with a special focus on catering to the ESG marketplace, today announces the appointment of Martin Hakker as Chief Revenue Officer.
Martin joins MPX with over 30 years of experience in the Financial Services industry. Prior to MPX, Martin spent 25 years at Fidessa, holding roles of Executive Vice President, Head of Americas, and Chief Executive Officer at Fidessa Canada. During his tenure at Fidessa, Martin used his entrepreneurial skills to lead Fidessa's growth to the industry-leading standard in the US, Canada, and LATAM.
Before Fidessa, Martin was a principal at TCAM Systems, where he and TCAM were at the forefront of automating stock exchanges throughout the globe. His roots in capital formation, lowering entry barriers through cutting-edge technology, and automation led to important disruption across products and solutions for the industry. Martin's leadership and expertise will be essential in building long-term partnerships with MPX's growing client base, developing new cross-functional partnerships, and promoting a culture of engagement, collaboration, and innovation with the growing talent at MPX.
"I am excited to be part of such a fantastic team at MPX, executing the vision of lowering the cost of capital throughout the world by building a platform to enable global access to local financial products," said Martin Hakker. "I believe it can be a powerful catalyst in expanding the financing options of companies across the world. This current wave of data and blockchain technologies is enabling an exciting extension of market reach, something my generation of technologies began, but this generation promises to accelerate. A bold challenge is irresistible!"
"Our ambitions are large – we seek to build the leading global marketplace for financing SMEs as the world economy de-carbonizes and grows sustainably," said Steve Carlson, Chairman, Magellan Global Inc., parent of MPX.
"Martin brings over three decades of building and managing some of the premier electronic platforms in global financial markets. MPX takes him back to an early passion - bringing technologies to local capital markets. We are delighted to have the benefit of Martin's extraordinary leadership and expertise," said Vinode Ramgopal, Executive Chairman, MPX.
Marco Polo Exchange (MPX) is a Delaware-incorporated financial services and technology firm dedicated to expanding cross-border capital raising and investing. We leverage specialist regulatory licenses, blockchain, AI technologies, and ESG compliance to match global buyers with local issuance and investment opportunities. Our mission is to lower the cost of capital for SMEs around the world. Our broker-dealer, Marco Polo Securities, is the leading 15a-6 chaperone broker in the US markets.
For further information, please contact:
David Snyder, CAO
+1 347 745-6448
info@mpxchange.com
Finverse Forum
Marco Polo Exchange was invited to present POLO at the Finverse Forum on Asset Tokenization Technology & Enterprise Applications hosted by Deloitte in Luxembourg.
See video here.
Read the full event article here.
CNBC
CNBC Tweets Vahanna founders Vinode Ramgopal and Saurav Adhikari Interview
CNBC interview with Vahanna founders vinode ramgopal and Saurav Adhikari: #Vahanna SPAC aims to pursue #tech cos with an enterprise value of $750mn to $2.5bn @ShrutiMishra_talks to @SauravAdhikari & Vinode Ramgopal about how they plan to take ‘India Tech’ leveraged assets with global footprint ambitions to US public mkts
https://twitter.com/CNBCTV18News/status/1467842229997690891?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1467842229997690891%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.mpsecurities.com%2Fcnbc-tweet%2F
Businesswire
Marco Polo Securities is delighted to announce the launch of the Vahanna Tech Edge SPAC (‘Vahanna”) on Nasdaq, this morning. Vahanna (ticker:VAHNU), the first dedicated SPAC for listing technology companies anchored in India’s tech eco-system on US public markets, was sponsored by our affiliate, Pi Capital International.
Pi Capital is committed to building and listing SPACs focused on international markets and Vahanna is the first of a series, expected to be launched in 2022. This focus on international SPACs is emblematic of Marco Polo’s mission of bringing local investment opportunities to the portfolios of global investors.
Marco Polo Securities was founded on the belief that more and more of the world’s best investment opportunities lie in local markets. We are committed to bringing technology to lower the barriers that prevent local companies and local securities firms from presenting their opportunities to global investors.
Paradigm Capital International joins Marco Polo Securities' Global Network of Chaperoned Firms
Paradigm Capital International has signed an agreement with a New York based US Broker Dealer Marco Polo Securities www.mpsecurities.com for handling its US domiciled capital raising initiatives for the US Team.
Marco Polo Securities is a US based FINRA, SEC and NFA regulated broker dealer which specializes in providing compliant access solutions for cross border marketing and distribution of financial products.
This partnership expands Paradigm’s global reach directly into US markets and allows the company to expand its network and distribution channels for product providers.
"We are delighted to welcome Paradigm Capital International to our global network of financial institutions. Paradigm’s core expertise focuses on global distribution, product design, and marketing, and will offer excellent opportunities for global investors." - Matt Mcconnell, CEO of Marco Polo Securities
Net Roadshow and Marco Polo Securities Announcement
June 16th, 2021
Net Roadshow and Marco Polo Securities Announcement
New York, NY
We are thrilled to announce a partnership between NetRoadshow, the market leading communication and distribution focused products and services provider, and Marco Polo Securities, the leading “chaperone” of foreign financial firms into the US capital markets.
NetRoadshow’s services are fully complementary to Marco Polo’s broader suite of technology solutions to help bridge global divides in accessing and distributing local market financial products. The demand for secure and compliant digital services to enhance connectivity between issuers and investors has never been greater. This partnership brings together two of the most innovative players in the space.
Mathew McConnell, Marco Polo Securities CEO stated: “NetRoadshow has long been the gold standard in its field – becoming the primary electronic roadshow platform for all major banking jurisdictions across the Americas, EMEA and Asia-Pacific. We are delighted to welcome NetRoadshow to our global network of financial institutions. NetRoadshow’s core expertise will be value-added to our global partners.”
Robert Totman, MD of Global Sales & Partnerships at NetRoadshow “Marco Polo is playing a leading role in breaking down borders in the global capital markets. Our technology and services are directly aligned with their mission and will be central in connecting their client base with key US investors”
About NetRoadshow
Founded in 1997, NetRoadshow is the Market Standard, providing U.S. Securities & Exchange Commission (SEC) compliant online solutions for the global investment banking community.
NetRoadshow began working with the SEC in early 1996 to gain permission to provide electronic roadshows under strict guidelines. In July of 1997, NetRoadshow was the first to receive permission from the SEC, in the form of an SEC No-Action Letter, to provide electronic roadshows over the internet. Four addition SEC No-Action Letters have since been provided to NetRoadshow in order to meet the evolving requirements of the market. Today NetRoadshow is the primary electronic roadshow platform for all major banking centers cross the Americas, EMEA and Asia-Pacific.
NetRoadshow’s online roadshow offerings, conference calling services, market compliant managed Zoom services, data room services, and deal document distribution system, along with our focused 24x7 customer service, provide our clients with cost effective and timely solutions which add value to their entire investor base. NetRoadshow's solutions give immediate value to the buy-side community with instant access to transaction information and the ability to store and retrieve relevant deal information. Learn more about NetRoadShow here: https://www.netroadshow.com/nrs/home/solutions/netroadshow
About Marco Polo Securities
Marco Polo Securities is a US broker-dealer offering cross-border regulatory and distribution solutions to a robust network of local securities firms across the globe. Through our Marco Polo Passport platform, we deliver technology solutions to bridge cross-border divides in accessing the widest range of local market financial products. Marco Polo is a member of FINRA, NFA, and SIPC. Further information can be found at https://www.mpsecurities.com
Marco Polo Securities Expands Access to Mexican Bond Markets Through MTS' Bondspro
- Pioneering electronic order book access for Mexican peso-denominated corporate and treasury bonds
- At time of heightened global market volatility, traders gain improved access to Mexican bonds and other markets with global BondsPro offering
- Another step in MMI’s strategy to expand electronic access to fixed income tools for the global emerging market trading community
New York – MTS Markets International (MMI), part of London Stock Exchange Group (LSEG), through its marketing agreement with Marco Polo Securities (MPS), has expanded its client reach in Mexico. MPS will introduce the MTS BondsPro electronic trading platform to new and existing Mexican institutional clients in Latin America.
As part of this expansion, fixed income traders will have electronic order book access to Mexican peso-denominated corporate and treasury bonds, and will become part of the international BondsPro trading community of more than 600 broker dealers and buy-side clients participating in the BondsPro all-to-all order book. Growing benefits of MTS BondsPro participation include liquidity from over 100 dedicated providers, access to over 20,000 corporate bonds with live prices daily, and a robust pre-trade data offering.
This move is part of a growing focus by MMI on the emerging markets trading community. In fact, MTS BondsPro volume from emerging markets more than doubled from 2018 to 2019, consistent with a growing interest in electronic trading of emerging market fixed income securities by global investors.
David Parker, Head of MTS Markets International:
“Given the heightened market volatility in recent months, it is more important than ever that fixed income traders globally have access to robust tools. We are delighted to extend access to our rapidly growing MTS BondsPro global fixed income community to a wider set of global market participants. This is a sign of growing global electronic volumes and a reflection of the increasing appeal of the all-to-all trading model for fixed income traders. We look forward to improving our access and service to our clients while welcoming new joiners to the BondsPro community.”
Chava Salvador Palma, Head of Sales Latin America, Marco Polo Securities:
“Marco Polo has a long history of innovation in the electronification of Latin American markets. MTS BondsPro is a new liquidity venue for Latin American fixed income institutional investors and we are excited to partner with a global brand and proven technology leader as we return to our mission of bringing efficiencies to Latin America’s capital markets.”
- Ends -
For further information:
Media
Matt McConnell (MP) - mmcconnell@mpsecurities.com - +1 347-745-6448; +1 914-960-9711
Tim Benedict (US LSEG) - tbenedict@lseg.com - +1 917-582-0641;
Ollie Mann (LSEG) - omann@lseg.com; newsroom@lseg.com - +44 (0) 20 7797 1746
Notes to editors:
*BondsPro is a US-registered ATS available to clients with trading authorization in the US, UK, Switzerland, Bulgaria and Malta.
About MTS:
MTS Group facilitates a number of regulated electronic fixed income trading platforms across Europe and the US that are managed centrally to help ensure optimum levels of global harmonisation and consistency. Over 500 unique counterparties trade an average volume of €100 billion each day on these platforms.
MTS Cash is a comprehensive and professional cash securities trading environment for the interdealer marketplace. MTS cash includes several domestic markets regulated in different jurisdictions enabling primary dealers to access unparalleled liquidity, transparency and coverage.
MTS Italy Repo Segment is a regulated market operated by MTS S.p.A. under the supervision of the Italian Ministry of Treasury, Bank of Italy and Consob. The GCM Segment also allows trading in repo instruments and it is offered from both BondVision EU MTF and BondVision UK, respectively under the supervision of Consob and the FCA.
MTS BondVision is a trusted and efficient multi-dealer-to-client electronic bond trading platform, delivering exceptional access for institutional investors direct to dealers. BondVision provides institutional investors with real-time pricing and the ability to trade with the major dealers. It is available in Europe as a multi-lateral trading facility operated by MTS S.p.A under supervision of Consob. In the UK it is operated by EuroMTS under supervision of the Financial Conduct Authority. In the US it is operated by MTS Markets International Inc., which is a member firm of the Financial Industry Regulatory Authority, Inc. (FINRA) and the Securities Investor Protection Corp (SIPC)
MTS BondsPro is the a trading platform that supports Corporate Bond trading. MTS
BondsPro is an Alternative Trading System registered with the Securities and Exchange Commission
(SEC) and operated by MTS Markets International Inc.
MTS Data is sourced directly and exclusively from the MTS markets and includes benchmark real-time data, reference data, reference prices and historical data, providing the benchmark data source on the fixed income market.
FTSE MTS Indices are operated by FTSE TMX Global Debt Capital Markets. They provide independent, transparent, real-time and tradable Eurozone fixed income indices, based on tradable prices from MTS. FTSE MTS indices are tracked by (and can be traded via) around 40 ETFs in addition to numerous structured products.
For more information, visit www.mtsmarkets.com.
About London Stock Exchange Group:
London Stock Exchange Group (LSE.L) is an international markets infrastructure business. Its diversified global business focuses on capital formation, intellectual property and risk and balance sheet management. LSEG operates an open access model, offering choice and partnership to customers across all of its businesses. The Group can trace its history back to 1698.
The Group operates a broad range of international equity, ETF, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS (Europe's leading fixed income market); and Turquoise (a pan-European equities MTF). Through its platforms, LSEG offers market participants, including retail investors, institutions and SMEs unrivalled access to Europe’s capital markets. The Group also plays a vital economic and social role, enabling companies to access funds for growth and development.
Through FTSE Russell, the Group is a global leader in financial indexing, benchmarking and analytic services with approximately $15 trillion benchmarked to its indexes. The Group also provides customers with an extensive range of data services, research and analytics through Mergent, SEDOL, UnaVista, XTF, RNS and The Yield Book.
Post trade and risk management services are a significant part of the Group’s business operations. In addition to majority ownership of LCH, a multi-asset global CCP operator, LSEG owns CC&G, the Italian clearing house; Monte Titoli, a leading European custody and settlement business.
LSEG Technology develops and operates high performance technology solutions, including trading, market surveillance and post trade systems for over 40 organisations and exchanges, including the Group’s own markets. Additional services include network connectivity and hosting.
Headquartered in the United Kingdom, with significant operations in North America, Italy, France and Sri Lanka, the Group employs approximately 4,500 people.
Further information on London Stock Exchange Group can be found at www.lseg.com.
About Marco Polo Securities Inc.:
Marco Polo Securities is a US broker-dealer offering cross-border regulatory and distribution solutions to a
robust network of local securities firms across the globe. Through our Marco Polo Passport platform we deliver technology solutions to bridge cross border divides in accessing the widest range of local market financial products. Marco Polo is a member of FINRA, NFA and SIPC. Further information can be found at https://www.mpsecurities.com
Link to original article: https://www.mtsmarkets.com/news-insights-events/mts-expands-access-mexican-bond-markets-through-bondspro