Carax

  • About us

    About us

    Founded in 1999 in Paris, Carax has become one of the leading brokerage companies on the equity markets offering diversified investment services. The company, which expanded its field of activity by opening a subsidiary in Monaco in 2006, evolved further by diversifying into bond products and derivatives in the early 2010s.

    Carax has always anticipated the needs of its customers, in order to be one step ahead of its environment. The company continues to grow thanks to new products and services. In 2015, following the opening of the Euro PP market, Carax obtained its AMF approval and opened a Corporate Finance division specializing in the funding of companies through the issuance of private debt. Its experienced team advises SME managers on all their financing and transmission issues.

    In 2016, the company expanded its bond market presence by recruiting specialists in distressed debt. Its distressed debt team, provides liquidity and transparency, in the otherwise illiquid market.

    In 2017, the Tradition group, a leading player in the financial broking sector, bought a majority stake in Carax. Present in 28 countries, Tradition has a turnover of nearly CHF 900mln.

  • Executive team

    Philippe Hugon

    Philippe Hugon

    Partner & CEO

    Philippe came to Carax in 2012 to create the fixed income and corporate finance business lines. He was appointed Deputy CEO in July 2014. He started his career in 1999 with Crédit Agricole, where he held several management positions on the fixed income market. Between 2008 and 2011 Philippe was head of fixed income sales at DSF Paris (BIL Group). He earned an undergraduate degree in European Business from Coventry University and holds a Masters degree in Economics and Finance from NEOMA Business School.

      •  
      • 2017

        The Tradition group becomes shareholder of Carax.

      • Creation of the distressed activity in ou Fixed-Income service.

      • 2016

        Carax succesfuly structured its first operation of 30 M€, split into two tranches : 10 M€ in Mezzanine debt (subscribed by Tikehau IM with the vehicle Novi 1) and 20 M€ in Euro PP (subscribed by Zencap AM and the vehicle Novi 1). The operation was set up for the company Dietrich Carebus Group.

      • 2015

        Carax obtains non-guaranteed placement of securities licence from French market regulator. This approval further expands the range of services Carax can offer its clients.

      • Carax acquires Efigest Asset Management

        This acquisition launches a new business line that will take advantage of synergies between Carax’s institutional investment know-how and Efigest’s strong position in asset management.

      • Carax receives the accreditation to carry investment on debt securities in the primary market

      4.  
      • 2014

        quantitative research department

        Carax opens a quantitative research department, further expanding the range of services the firm offers institutional investors.

      • Technical analysis research and brokerage department launched

        Cyril Baudrillart, a high-profile, multiple-award-winning analyst, is hired for Carax’s new technical analysis research and brokerage department.

      • 2013

        Carax offers ETF intermediation

        Carax continues to expand its lineup of services for institutional investors with ETF intermediation.

      • 2012

        Fixed income desk opens in Paris

        Carax opens a fixed income desk in Paris, further expanding the range of asset classes the firm handles. A five-person senior team with in-depth knowledge of FI clients and their needs is recruited.

      • 2009

        Diversification into derivatives

        Carax opens a derivatives business, marking a major step forward in its diversification strategy. Since then, the firm has continued to diversify into new markets and asset classes.

      • 2006

        Monaco office opens

        Carax opens an office in Monaco, expanding its geographical reach and team of senior sales traders.

      • 2005

        Proprietary trading approval

        Carax obtains AMF (France’s financial market authority) approval for proprietary trading, opening the door to the inter-broker dealer market.

      • 2001

        Algorithmic trading

        Carax opens its algorithmic trading desk, bringing unprecedented speed and efficiency to cash equity trading in Europe.

      • 1999

        Cash equity execution

        Carax is founded in Paris with a single focus: to set a new standard in execution on cash equity trades, providing institutional investors with new levels of transparency, performance, and cost-effectiveness.

  • Compliance

    Solid policies and procedures to ensure clear, transparent trades

    Compliance is the cornerstone of our steadfast commitment to transparency and performance. To help financial institutions meet their compliance objectives, we are one step ahead of their MiFID 2 challenges: our trading, execution, and research business lines are separate, so we are already compliant with the directive.

    And, of course we are compliant with the current MiFID directive, FATCA, and anti-money-laundering and market abuse regulations in the markets in which we operate.

    Learn more about compliance at Carax

    The following legal and regulatory documents pertain to the Carax group of companies. Although these documents are updated regularly, Carax is unable to, and does not guarantee the accuracy, validity, timeliness, or completeness of any of the information or data contained in these documents.

    Carax advises interested parties to check back regularly to ensure they have access to the most recent versions available.

    Legal Information (General)

    CARAX Execution Policy

    2015 Compensation Policy Report

    Information relative of the French Monetary and Financial Code

  • Partners

    Partners

    RELIABLE TRADING BACKED BY TOP-TIER EXECUTION, CLEARING, AND SETTLEMENT PARTNERS

    Since 1999 Carax has built a strong, long-term partnerships with market-leading providers of securities services including clearing and settlement for financial intermediaries like Carax.

    Our fixed income business uses the delivery versus payment system, further reducing any settlement risk for our customers. Our custodian is one of the top ten global custodians.

    We leverage the strengths of some of the most trusted organizations in the industry to deliver secure, reliable trades to our customers across all of our business lines.

  • Carax Monaco

    Carax Monaco

    Carax is headquartered in Paris with a subsidiary in Monaco that is fully accredited by local regulators.

    For institutional investors, Carax Monaco S.A.M. is accredited to advise and arrange trades through the Paris headquarters.

    We have also dedicated an international team of Emerging Markets & Distressed Debt specialists, with a vast network of Institutional clients and years of experience. They focus on creating ideas and offering liquidity in a very specialistic range of Fixed Income products within the HY, EM and Distressed credit sectors. The service is provided using very high standards of transparency and by adopting most compliant market practices.