The regulator said in a filing that the New York-based firm, specialising in underwriting, has also been censured and required to implement a supervisory system to address these shortcomings. The fine stems from LifeSci Capital's role as lead underwriter in the initial public offering of LifeSci Acquisition II Corp., a special purpose acquisition company (SPAC),…
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The company said the cloud-based platform features a flexible technology stack, enabling the firm to enhance its research and data offerings while providing enterprise-level access to its clients. This is said to be just the first in a series of product rollouts by Gimme Credit as it enters "an era of vast growth and technological…
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The company, which aims to modernise the brokerage ecosystem, has also been granted Category 1 Ring-dealing membership by the London Metal Exchange (LME), marking a significant milestone in its global expansion strategy. Clear Street’s ambition is to grow beyond North America into the UK, Europe, and other international markets. According to Ed Tilly, President and…
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The move is aimed at strengthening the company’s presence in the region as part of its global growth ambitions. Gregory brings over 20 years of experience in SaaS solutions, brokerage services, and fintech. GTN described Gregory as a “seasoned executive with a proven track record in launching and scaling fintech ventures.” Gregory is set to…
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The company stated that Whitaker will also join the Executive Committee, marking a move to enhance technological innovation and efficiency across the organisation. In this newly created role, Whitaker will oversee the development and implementation of a unified technology strategy for BGC Group, aimed at driving initiatives to foster growth and operational excellence. Whitaker brings…
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The transaction, valued at $46 million, reflects a revenue multiple of approximately 7.5 times, underscoring the strategic significance of the deal. BGC Group explained in its press release that Capitalab specialises in rates portfolio compression and margin optimisation, critical components in streamlining trading operations. BGC will retain its post-trade foreign exchange risk reduction business, previously…
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Presented at one of the industry’s most highly regarded events, the award underscores ATFX Connect’s unwavering commitment to delivering reliable liquidity, cutting-edge technology, and exceptional client service. Wei Qiang Zhang, Managing Director of ATFX UK and ATFX Connect, proudly accepted the award on behalf of the company during the ceremony in London. This recognition highlights…
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The two companies are set to collaborate to accelerate the development of Fusion, TP ICAP's cloud-based digital platform, designed to optimise transaction lifecycle management. It was revealed that AWS will deploy 45 specialised engineers to collaborate with TP ICAP's technology teams, leveraging data analytics and generative AI to significantly reduce product development timelines. The companies…
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The firm revealed in a press release Monday that the move expands its European derivatives offering, building on the success of its TRF on the CAC 40 Index launched in 2018. TRF is designed to replicate the economics of over-the-counter (OTC) total return swaps, offering a more transparent and cost-effective exchange-traded solution. Euronext explained that…
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The company revealed the news in a post on social publishing platform Medium. They said the Series D-2 round was led by Accel, a longstanding partner that has led or co-led every Public.com funding round since it launched in 2019. Initially known as a "social stock trading app," Public said it has now evolved into…
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