Category: Institutional

acquisition
February 02, 2018 BY Valentina Kirilova

Integrated Asset Management Corp. announces acquisition financing for Blackstone Industrial Services

Integrated Asset Management Corp. (TSE:IAM) announced the closing on January 30, 2018 of a $8,000,000 senior loan to Blackstone Industrial Services. The capital raised by Blackstone Industrial Services will be used to acquire Nuovo Parts, a specialty Italian parts reseller in North America. Blackstone Industrial Services is a Canadian-based equipment service firm focused on critical…

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cme group fx volumes
February 02, 2018 BY Valentina Kirilova

CME Group’s strong January sees record FX trading volumes in NZD, Rupee, and E-Micro futures

Derivatives marketplace CME Group (NASDAQ:CME) today announced that January 2018 average daily volume (ADV) reached 19 million contracts, up 18 percent from January 2017, and representing the second-highest monthly ADV ever. During January 2018, there were nine trading days above 20 million contracts, compared with 34 days in all of 2017, and eight in November…

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LMAX Exchange trading floor
February 01, 2018 BY LeapRate Staff

LMAX Exchange buys out Paddy Power Betfair stake for £21.9M with Silicon Valley Bank funding

Institutional FX exchange provider LMAX Exchange Group has announced that it has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares) was bought from Paddy Power Betfair for £21.945 million, valuing LMAX Exchange at £70 million. The buyback brings 95% of the company under the control…

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February 01, 2018 BY Valentina Kirilova

Venzee Technologies and BTL Group Ltd announce partnership

Venzee Technologies Inc.(CVE:VENZ) announced a partnership with BTL Group Ltd (CVE:BTL) that will bring together the Company's data transformation solution, Mesh, with BTL's blockchain development platform, Interbit™. Using artificial intelligence, Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks…

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February 01, 2018 BY Valentina Kirilova

Clearstream's new partnership explores potential of Artificial Intelligence and Natural Language Processing

Clearstream, University of Luxembourg and consulting firm escent launch joint research project Post-trade services provider Clearstream, part of Deutsche Börse Group, just announced that it has entered a collaborative research partnership with the Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the University of Luxembourg. Over the next four years, a joint research project…

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NEX Group market volumes
February 01, 2018 BY Valentina Kirilova

NEX Group Q3 revenue up 6% YTD

NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today its trading statement for the third quarter ended 31 December 2017. Full year results for the year ended 31 March 2018 will be announced on 22 May 2018. Michael Spencer, Group Chief Executive Officer of NEX, said: Market volatility…

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Crypto “bot” trading hurting market reputation and individual investors
February 01, 2018 BY Valentina Kirilova

Overstock.com and tZERO Advisors launch robo-advisor digital investment platform

Overstock.com (NASDAQ: OSTK) announced the launch of a digitally driven investment platform, powered by tZERO Advisors, within the online retailer’s FinanceHub™. This service introduces robo-advising investment management services to our millions of customers and continues Overstock’s commitment to bridging Wall Street and e-commerce,” said Patrick M. Byrne, Overstock’s founder and CEO. Overstock currently delivers world-class…

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