Investment banks’ equities teams enjoyed a bumper October after more than $1 billion in block trades crossed traders’ desks last month.
Whitehaven Coal’s $400 million-plus across two trades, and an approximate $157 million effort from Origin Energy stood out, as equities teams moved shares off the back of mergers and acquisitions activity. The trades are a welcome injection of activity for local equities teams hamstrung by a slump in headline-grabbing initial public offerings.
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Aaron Weinman is a correspondent at The Australian Financial Review who covers investment banks, private equity firms and the broader capital markets. Connect with Aaron on Twitter. Email Aaron at aaron.weinman@afr.com
