Playtech stated in its official announcement: This release was requested to allow a possible offer for the Company to be considered. The Board confirms that it has given the requested consent to TTB. The London-listed gaming software provider noted that there is no certainty that TTB-led investors will make an offer, nor there are the…
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Mark Badyra, CEO Appital, commented: We have been working with Bernstein to develop the platform from the early development phase. Asset managers told us they would like to use Bernstein to execute this type of flow because of their independent market position and strong research focus. Our collaboration gives our shared client base the functionality…
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During last month, Interest Rate ADV rose 33% with record SOFR futures open interest (OI) of 3,040,896 contracts, registered on 31 January. The Group also saw record ADV of 731,126 contracts, an increase of 253% and 645%, respectively, year-over-year CME Group also reported Options ADV increase of 39% and Energy ADV of 7% YoY. Regarding…
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Acquisition bids falling through Australian gambling equipment maker, Aristocrat, had made an acquisition offer for Playtech stocks at 680 pence apiece last October. Two other companies also showed interest in Playtech, JKO and Gopher, but they ultimately pulled out of the race. The Hong Kong-based company Gopher recently bought Playtech’s financial division Finalto in a…
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Additionally, CySEC will expand its supervisory team to increase the level and frequency of supervision. Since October 2021, 32 new staff members have joined the regulator, 15 of whom have supervisory duties. CySEC has also adopted Big Data management systems so that the regulator is able to quickly screen big volume of trading activity data…
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Quoine integration Following Liquid’s acquisition by the FTX, Quoine will integrate FTX's products and services into its own offering, according to the official announcement. FTX's existing Japanese customers will be migrated to Quoine's platform. FTX has also agreed to provide Liquid’s existing Japanese users with services in compliance with Japanese laws. From 30 March 2022…
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The client margin loan balance rose 23% compared to the previous year to $50.1 billion. However it was still 8% down compared to the December. The month with $89.3 billion in client credit balances, 8% higher than 2020 and 3% more than the previous month. Clients accounts on the platform came in at 1.73 million,…
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Active clients growth The numbers of active clients on the platform improved significantly in the fourth quarter, as well as the year. The broker registered 42,760 new clients in Q4, 11.3% more than the same period the previous year. The active clients on the platform came at 127,174 in the Q4, 75.8% higher than the…
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Details of the fraud The US regulator alleges that defendants misappropriated funds from the pool participants and used them to pay personal expenses and to trade commodity futures and options in personal trading accounts. The trading was unprofitable and resulted the pool participants ended up losing money. However, the defendants falsely informed them their investments…
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With its acquisition, Paysafe gains further access in the fast-growing Latin American eCommerce market, where merchants and consumers have growing interest in using use eCash solutions to transact online. With SafetyPay’s network of bank relationships in Latin America, Paysafe is positioned to take part in the open banking market through integrating further its services and…
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