Scotiabank announced that its Peruvian subsidiary, Scotiabank Peru, has reached an agreement with Cencosud Peru to acquire a 51% controlling interest in Banco Cencosud, which offers credit cards and consumer loans in Peru, for approximately CAD $130MM. Under the terms of the agreement, the two companies will also enter into a 15-year partnership to manage…
Read moreTP ICAP plc has issued a scheduled trading update in relation to the four month period from 1 January 2018 to 30 April 2018. Revenue in the four months of £601 million was 3% higher than the prior period, consistent with its full year guidance in March. Trading was marked by improved conditions in rates…
Read moreGeneva based Retail FX broker and bank Dukascopy has just announced the opening of its Representative Office in Dubai (DIFC). The establishment of the office in Dubai follows the earlier opening of the Moscow, Hong Kong, Kiev, Kuala Lumpur and Tokyo offices, and is a part of the global expansion strategy of Dukascopy Group. The…
Read moreState Street Corporation (NYSE: STT) announced today new research, which reveals that more than half (60%) of institutional investors surveyed plan to partly or fully outsource their data management over the next three years. Currently, 52% conduct all of their data management functions in house, however, by 2021, this is expected to fall to 36%…
Read moreUllink, the global provider of connectivity and electronic trading solutions, has announced that Jitneytrade Inc., a direct access broker specializing in active traders, is using UL BRIDGE as its connectivity and pre-trade risk gateway to the Canadian equities market. Canadian regulation required Jitneytrade to have pre-trade risk monitoring of all direct electronic market access. When…
Read moreVirtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…
Read moreInstitutional FX exchange and liquidity provider LMAX Exchange has announced its results for 2017, indicating continued and healthy top and bottom line growth for the company. Although it was not formally announced by the company, we understand that the company's top line Revenues grew by just over 10% in 2017, coming in at £30.5 million (USD…
Read moreInformation giant Thomson Reuters (NYSE:TRI) announced that it has expanded its North American wealth management brokerage processing platform, BETA, to include automated international post-trade processing for multi-market and multi-currency securities, representing a significant advancement in a continuous effort to better serve both retail and institutional clients. Powered by NRI’s I-STAR/GX platform, Thomson Reuters North American…
Read moreCboe Global Markets, Inc. (Nasdaq: CBOE) has reported record financial results for the first quarter of 2018. Consolidated results for the first quarter of 2017 include Bats Global Markets (Bats) for the period March 1 through March 31, 2017. Cboe completed its acquisition of Bats on February 28, 2017. Our record results underscore the utility…
Read moreCobalt, the foreign exchange (FX) post-trade processing network based on shared infrastructure and high performance technology, just announced that it has secured a strategic investment from Singapore Exchange (SGX). SGX’s investment will support the continued expansion of Cobalt’s footprint into the FX space, further accelerating technology development and build out of the team. Cobalt’s solution…
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