News from October 2023
Arlington Capital Partners to Purchase Exostar from Thoma Bravo
By Southland Marquee | Oct 2, 2023
Thoma Bravo announced that Arlington Capital Partners has confirmed its acquisition of Exostar from Thoma Bravo. Exostar is a business collaboration provider in regulated sectors such as aerospace defense and healthcare according to a press release. The transaction is expected to close by the end of 2023, subject to regulatory approvals and customary closing conditions. Exostar, with its Exostar Platform, offers a secure environment for sharing sensitive information and facilitating secure, compliant, and efficient business transactions across complex networks of customers,...
CME Group will introduce Micro Henry Hub Futures and Options on November 6
By Southland Marquee | Oct 4, 2023
CME Group, the world's leading derivatives marketplace, has announced plans to introduce Micro Henry Hub futures and options on November 6, pending all necessary regulatory reviews. These new contracts, which will be listed by and adhere to the rules of NYMEX, will provide global energy traders with additional flexibility in managing their natural gas exposure.
The 2022 Bank of America Chicago Marathon sets a new record, contributing $386 million to Chicago's economy
By Southland Marquee | Oct 9, 2023
Bank of America has published a document detailing the economic impact of the 2022 Bank of America Chicago Marathon. According to the report, the marathon injected a record-breaking $386 million into the city's economy.
World records broken at 45th BoA Chicago Marathon
By Southland Marquee | Oct 11, 2023
Bank of America announced that Kelvin Kiptum (KEN) made history by becoming the first man to complete a sub-2:01 marathon in an officially sanctioned competition, setting a world record time of 2:00:35 at the 45th Bank of America Chicago Marathon. In addition to Kiptum's achievement, Sifan Hassan (NED) established a new women’s course record at 2:13:44, Marcel Hug (SUI) surpassed his own previous record in the men’s wheelchair race with a time of 1:22:37, and Catherine Debrunner (SUI) secured a new women’s wheelchair course record of 1:38:44 according to a press release.
CME Group achieves over 6,000 contracts in T-Bill futures trading the first week
By Southland Marquee | Oct 11, 2023
CME Group, a global markets company, has reported that its newly launched Treasury Bill (T-Bill) futures trading activity exceeded 6,000 contracts in its first week. The futures align with the growing risk transfer activity in the U.S. Treasury market. CME Group announced that these contracts will soon be eligible for portfolio margining against other cleared interest rate swaps and futures.
Chicago Community Loan Fund released its Second Quarter 2023 report
By Southland Marquee report | Oct 16, 2023
The Chicago Community Loan Fund published its Second Quarter 2023 report, highlighting various aspects of their initiatives and achievements. The report features insights into the Rimland grand opening, CCLF stakeholders meeting and the Chicago Neighborhoods Rebuild program, among other updates and events as outlined by the Second Quarter 2023 report provided by the Chicago Community Loan Fund.
Chicago Community Loan provides loan for the ASPIRE Initiative
By Southland Marquee | Oct 18, 2023
The Chicago Community Loan Fund (CCLF) has provided a $3,333,333 loan to support the ASPIRE Initiative, according to a press release by CCLF. The ASPIRE Center, located on a three-acre property, is a collaborative project of the Westside Health Authority (WHA) and Austin Coming Together (ACT).
BMO Blue Book report depicts resilient but slowing economy
By Southland Marquee | Oct 21, 2023
BMO Harris Bank has released its latest report, the BMO Blue Book, which provides an in-depth analysis of the U.S. economy and its performance in 11 specific regions. According to the report, the U.S. economy is expected to decelerate in early 2024 due to aggressive monetary tightening measures.
BMO for Women Survey highlights gender gap
By Southland Marquee | Oct 21, 2023
BMO Harris Bank recently released survey results indicating that, as of the present, women entrepreneurs exhibit disparities in critical aspects of business financial planning, transition planning, and financial literacy in comparison to male entrepreneurs. The study uncovered that 64 percent of women business owners lack a comprehensive financial plan for their enterprises, contrasting with the 59 percent of men who do have such plans according to a press release by BMO Harris Bank.
Northern Trust publishes its Q3 2023 report
By Southland Marquee | Oct 23, 2023
Northern Trust Corporation reported its third-quarter financial results today, revealing a net income of $327.8 million, equivalent to $1.49 per diluted common share. These figures represent a decrease from the second quarter of 2023, where net income per share was $1.56, and a decrease compared to the third quarter of 2022, when net income per share reached $1.80.
Chicago Community Loan Fund highlight pro-bono attorneys
By Southland Marquee | Oct 26, 2023
Chicago Community Loan Fund (CCLF) highlighted the work of pro-bono attorneys in a recent press release. The Chicago Lawyers’ Committee for Civil Rights (CLCCR) administers Pro Bono Works, a prominent pro bono initiative in Chicago, connecting attorneys with individual clients, small businesses, nonprofit organizations, and community-based groups.
Northern Trust Asset Management appoints new co-head of Wealth Client Group
By Southland Marquee | Oct 26, 2023
Northern Trust Asset Management (NTAM) has announced the appointment of Sunitha C. Thomas, CFA, as the co-head of their newly established Wealth Client Group. Thomas will be responsible for enhancing NTAM's engagement with Northern Trust Wealth Management clients and strengthening its position within the intermediary wealth management sector. According to a press release by Northern Trust, Thomas will report to Northern Trust Asset Management President Daniel Gamba.
Northern Trust hosts second Charity Trading Day
By Southland Marquee | Oct 26, 2023
Northern Trust recently held its second Charity Trading Day, a global initiative aimed at supporting four global charities in line with the company's philanthropic strategy. According to a press release by Northern Trust, employees and clients will also contribute their time and volunteer hours to various projects of these charities throughout the upcoming year.
CME Group publishes third quarter 2023 results
By Southland Marquee | Oct 26, 2023
CME Group Inc. has released its financial results for the third quarter of 2023, reporting revenues of $1.3 billion and an operating income of $820 million. The company achieved a net income of $750 million, with diluted earnings per common share at $2.06. On an adjusted basis, the net income amounted to $818 million, and diluted earnings per common share were $2.25.
Mayor appoints real estate executive as Commissioner of the Department of Planning and Development
By Southland Marquee | Oct 27, 2023
The city of Chicago has announced that Mayor Brandon Johnson has appointed Ciere Boatright as the Commissioner of the Department of Planning and Development for the City of Chicago. Boatright, who currently serves as the Vice President of Real Estate & Community Development at CRG, brings her extensive experience to the role.