Canaccord Genuity ( (TSE:CF) ) just unveiled an announcement.
Canaccord Genuity Group Inc. announced the sale of its U.S. wholesale market making business to Cantor, a move that aligns its U.S. operations with its global capital markets strategy. This transaction allows Canaccord to focus on its core strengths in advisory and ECM-led investment banking, particularly in high-growth sectors like technology, healthcare, sustainability, and consumer markets. The sale is expected to streamline Canaccord’s operations and enhance its market positioning, while Cantor plans to expand the acquired business to offer a more diversified range of products to clients.
More about Canaccord Genuity
Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm operating in wealth management and capital markets. Established in 1950, the company is committed to building lasting client relationships through comprehensive investment solutions, brokerage services, and investment banking services. It has a global presence with wealth management offices in Canada, the UK, Guernsey, Jersey, the Isle of Man, and Australia, and its international capital markets division operates in North America, UK & Europe, Asia, and Australia.
YTD Price Performance: -15.53%
Average Trading Volume: 11,573
Technical Sentiment Signal: Buy
Current Market Cap: $602.7M
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