The number of FINRA registered broker-dealers decreased 1.5% Y/Y to 3,249 in 2024. Gross revenues for FINRA registered broker-dealers totaled $641.0 billion, +5.9% Y/Y, while total expenses increased 2.4% Y/Y to $565.2 billion. As such, pre-tax net income was $75.8 billion in 2024, +41.3% Y/Y. Financial products, including investment funds and structured investments, are complex and may be speculative and are not suitable for all investors.

Drop-In: Middle East conflict and macro and market risks

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• Capital Economics provides the macroeconomic analysis needed to refine hedging strategies, manage currency risk and optimize yield.
• Capital markets, put simply, are the way we connect providers of capital with users of capital.
• ICapital entities are collectively referred to as “iCapital”, and they all are affiliated with iCapital, Inc. and Institutional Capital Network, Inc.

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Capital Economics provides timely, actionable insights helping you to identify opportunities, manage risk and stay ahead of the competition. Strengthen your market perspective with comprehensive forecasts, proprietary indicators and interactive dashboards, all embedded in our written analysis. Leverage our API to integrate macroeconomic data with your internal models and systems.

The views and opinions are those of the author as of the date of publication and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. In 2024, long-term fixed income issuance increased by 26.0% Y/Y to $10.4 trillion. Treasury securities (UST) issuance was $4.7 trillion, +32.8% Y/Y. Mortgage-backed securities (MBS) issuance increased 21.6% Y/Y to $1.6 trillion, while corporate bond issuance increased 30.6% Y/Y to $2.0 trillion. Municipal bond (munis) issuance increased 33.2% Y/Y to $513.6 billion, and asset-backed securities (ABS) issuance increased 43.3% Y/Y to $388.1 billion. Global equity market capitalization increased 8.7% Y/Y to $126.7 trillion in 2024, as global equity issuance increased to $504.8 billion, +21.5% Y/Y.

ICapital entities are collectively referred to as “iCapital”, and they all are affiliated with iCapital, Inc. and Institutional Capital Network, Inc. Among these affiliates, iCapital Markets LLC (“iCapital Markets”), an SEC-registered broker-dealer, member FINRA and SIPC, offers securities products and services. The registrations and memberships listed in Certain iCapital Entities in no way imply that the SEC, FINRA, or SIPC have endorsed any of the entities, products, or services provided by iCapital.

Global Asset Manager – Understanding Long-Term Currency Misalignments in Asia

Free cash flow (FCF) is a measure of financial performance calculated as operating cash flow minus capital expenditures. FCF represents the cash that a company is able generate after laying out the money required to maintain or expand its asset base. Business leaders face constant macro uncertainty, having to balance long-term strategy with short-term goals whilst under pressure to make swift decisions.

Capital Economics provides the macroeconomic analysis needed to refine hedging strategies, manage currency risk and optimize yield. Risk and compliance teams face ongoing challenges from geopolitical risk, changing regulation and market uncertainty. Get critical insights and comprehensive data to inform robust risk management strategies and ensure effective compliance. Information does not address financial objectives, situation or specific needs of individual investors.

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These relationships are facilitated by financial institution intermediaries, which play a critical role in making capital markets work. Efficient capital markets allow capital users to receive lower cost funding over time while allowing investors to identify appropriate opportunities to deploy their capital. Analyzing complex systems, including geopolitics, economies, markets and long-term structural changes requires deep expertise and critical analysis. Capital Economics supports this by challenging internal views and identifying blind spots to deliver the most reliable macroeconomic insights. Global fixed income markets outstanding increased 2.4% Y/Y to $145.1 trillion in 2024, while global long-term fixed income issuance decreased 1.9% to $27.4 trillion. ICapital and its affiliates provide various services through a number of affiliated entities – please refer to Certain iCapital Entities for a full list of entities.

Capital can also refer to ways a company finances their operations, i.e. by debt capital or equity capital. The mix of debt https://www.deviantart.com/becruily/journal/Cardine-Modevo-Review-2026-Independent-Platform-1300373020 and equity a company uses to finance their business is referred to as a company’s capital structure. Explore banking options that can help move your business forward.

National securities industry employment reached 1,135,500 jobs in 2024, +1.6% Y/Y. Testimonial may not be representative of the experience of other customers. Get the products and services you need to do business all in one place.