With Carax, you get:

• Renowned expertise in financing for mid-cap companies, across all corporate finance business lines
• Value-added support from experts in the financing needs of mid-caps

We have acquired in-depth knowledge and targeted skills that are recognized by institutional investors and the executives of medium-sized businesses. Our wide range of services spans investment banking and financial intermediation, meaning you get comprehensive financing solutions tailored to your specific needs. And our corporate finance experts will work with you every step of the way, from pinpointing your financing needs to structuring bespoke solutions and placing your issue with the right investors. Our top priority is finding the right financing arrangement for each client’s growth strategy, taking a long-term view and considering the latest market trends and outlook.

The strengths of our team lie not only in their excellent technical knowledge, but also in their speed of execution and unique ability to locate the right investors—making us a preferred partner for arranging syndicated issues.

Our Corporate Finance division cooperates directly with our Fixed-Income team, which works on the secondary market:

End-to-end services in fixed income

Our fixed income services are designed to provide fast execution under the best terms possible for our clients. We focus on building strong, lasting client relationships that deliver added value through targeted expertise.

Our fixed income team, a trusted partner for our customers’ trading strategies:

• Highly-competent sales traders with substantial client-side experience at established banks and financial institutions
• Technical knowledge of the latest advancements in fixed income trading coupled with know-how built up over years of experience
• Up-to-the-minute regulatory and compliance knowledge

And we keep a close eye on market trends with regular research on the important market developments investors need to know about:

• Daily morning credit report, an overview each morning taking into account marco and micro-economic events, company results, monitoring of previous issues, major indices, rating changes
• Monthly report , monitoring of issues on the primary market last month, with an analysis of the financial and corporate bonds followed by our customers, as well as an Excel summary
• Issuer fact sheets , summary sheets on specific issuers that our customers follow
• Special reports , publications on specific topics corresponding to the expectations of investors in terms of regulations (Basel III, Solvency II) or thematic (situation in the euro zone, banks’ exposure to sovereign risk, covered bonds, inflation-linked securities, etc.).

Rigorous internal control processes enable us to effectively manage compliance, execution, and counterparty risks. Settlement and clearing are handled by Société Générale Securities Services. And we have an integrated middle-office and a dedicated back-office to provide seamless execution from start to finish.

Strategic thinking backed by powerful algorithms

The Quantitative Trading desk at Carax combines sophisticated algorithms with the extensive technical know-how and strategic outlook of our quant team. They use state-of-the-art processes for seamless execution of every trade, adapting them as needed to lock in the best possible returns for the firm’s clients.

Our quant desk was created in 2012 by two former investment banking professionals, each with over ten years’ experience in quantitative strategies and derivatives trading. We provide pair trading ideas, expert advice on systematic trading strategies, and execution services for complex orders involving specific algorithms.

Turn to us for targeted expertise in:

• Index reweightings
• Market impact modelling
• Correlation and cointegration analysis
• Long/short pair trading

We can also develop customized algorithms to meet specific investment goals.

Delivering liquidity through seamless execution

Our best-in-class execution services give clients maximum liquidity through access to all major European exchanges, market-makers, and dark pools.

We combine the most powerful technology available with some of the sharpest minds in the industry to build performance into every trade. And because we work with a broad range of counterparties, we can find the optimal prices with minimal market impact.

Trade execution at Carax follows an efficient three-step process:

1. Strategic assessment, which consists of a pre-trade analysis
2. Implementation, which can involve fine-tuning execution patterns during the trade
3. Post-trade review, which includes a performance assessment

Our experienced staff leverages sophisticated algorithms and FIX connectivity to execute orders quickly and reliably.

This helps ensure that clients can get into and out of positions exactly when they want, so they can meet their own business goals—reducing risk, challenging market-average prices, or placing a large order without increasing volatility.

We work exclusively with top-tier settlement and clearing houses for secure, transparent transactions.

Sophisticated technical analysis capabilities

At Carax, we have an in-house technical research team that offers a full slate of technical analyses, including:

• Follow-up of the main global macro asset classes
  (Weekly Global Roadmap, The Big Picture)
• Ranking of European sectors and stocks (Weekly Equity Roadmap)
• Stock-picking reports (daily Hot Stocks)
• Consulting and advisory services

Our team is staffed by skilled award-winning analysts with years of industry-specific experience. Their knowledge spans execution, sales, and research.

The methods we use are focused on four areas: trend detection and reversal situations, screening of MSCI Europe stocks, tracking the top ten global macro asset classes and ranking the main stock markets in the MSCI World and MSCI Emerging Market indices.

Contact us for more information or to order a technical analysis report.

Expert insight into macro trends

In association with our partner AlphaValue, we provide fundamental research into the key trends shaping European equity markets. The partnership with AlphaValue lets us combine independent research capabilities covering a uniquely broad scope of European equities with the targeted know-how of our experienced sales traders. As a European leader in equity research, AlphaValue delivers in-depth analyses that incorporate both financial and extra-financial criteria. That means clients can make well-informed choices for sustainable investment performance.

Our reports contain high-level insights that help investors make the right investment decisions. Our Monaco office issues morning and afternoon notes on equities—and cover more names in euro stocks than any other broker.

Contact us for more information or to order a fundamental research report.