Category: Institutional

playtech acquires acm group alpha
August 23, 2017 BY Valentina Kirilova

Playtech acquires ACM Group Ltd (Alpha), Financials Division to be named TradeTech Group

Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced it has agreed to acquire technology, intellectual property and certain customer assets (together 'the assets') from ACM Group Limited (known in the industry as Alpha) as it continues to enhance its Financials Division's B2B offering. As a result of the acquisition of the…

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August 22, 2017 BY Valentina Kirilova

GAIN announces exercise of full over-allotment option for convertible senior notes due 2022

FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) announced today that, in connection with GAIN Capital's private offering of 5.00% Convertible Senior Notes due 2022, the initial purchasers have exercised in full their option to purchase an additional $12.0 million in aggregate principal amount of the notes. The full exercise of the option to purchase additional…

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Broadridge presents new securities lending assessment solution for mutual funds
August 22, 2017 BY Valentina Kirilova

Broadridge revenues increase 38% YoY in Q4 FY2017

Broadridge Financial Solutions, Inc. (NYSE:BR) today reported financial results for the fourth quarter of its fiscal year 2017. Richard J. Daly, President and Chief Executive Officer commented: Broadridge ended fiscal 2017 on a strong note, driving record results. Revenues rose 43% to $4.1 billion, fueled by 6% organic growth in recurring fee revenues and the…

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August 21, 2017 BY Valentina Kirilova

FXCM Group clarifies its relationship to Global Brokerage Inc.

Retail forex broker FXCM Group and Leucadia National Corporation (NYSE:LUK) today responded to questions from FXCM’s customers regarding FXCM’s relationship to Global Brokerage, Inc. (NASDAQ:GLBR). Leucadia, a diversified holding company with a $8.5 billion market value, holds a 49.9% equity interest and up to a 65% economic interest in FXCM and is firmly committed to…

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Via Varejo concludes migration of shares to B3’s Novo Mercado
August 21, 2017 BY Valentina Kirilova

Flex receives approval for additional share repurchases

Sketch-to-Scale solutions provider  Flex (NASDAQ: FLEX) announced that on August 15, 2017, it received shareholder approval to purchase up to 20% of its outstanding shares. Since the beginning of fiscal 2012 through the first quarter ended June 30, 2017, the Company repurchased approximately 298.8 million shares for approximately $2.6 billion and retired all of these shares.…

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August 18, 2017 BY Valentina Kirilova

HSBC selects Capita as it targets further broker channel growth

HSBC (NYSE:HSBC) announced that has has selected Capita’s Omiga mortgage software, as the bank seeks to further grow its broker distribution channel for mortgages. Capita’s software will provide a single platform which drives greater automation, making it easier for brokers to transact with lenders, upload documents, and track details of mortgage applications and decisions. The…

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August 18, 2017 BY Valentina Kirilova

CBOE Vest Technologies and the OIC offer Options Strategy Builders tool

CBOE Vest Technologies, a software company enabling users to work with target outcome investment strategies, and the Options Industry Council (OIC), a provider of unbiased options education, announced that are working together to educate investors and broaden the appeal of options with a new online tool, The Options Strategy Builders. The Options Strategy Builders, available…

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August 17, 2017 BY Valentina Kirilova

Clearstream supports liberalisation of Chinese financial market

Continuous progress in Chinese market opening / Clearstream gets ready to support Bond Connect initiative At the end of this month, the Shanghai International Financial Advisory Council will bring together top Chinese market regulators and representatives of leading international financial institutions involved in China’s ongoing financial liberalisation story. Deutsche Börse Group will also be present…

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Broadridge presents new securities lending assessment solution for mutual funds
August 17, 2017 BY Valentina Kirilova

Whitebox Advisors chooses Broadridge solution for its technology platform

Broadridge Financial Solutions, Inc.(NYSE:BR) announced that Whitebox Advisors, a global, multi-strategy hedge fund, has chosen Broadridge’s solution to transform Whitebox’s technology platform to a new paradigm of fully integrated, hedge fund operations hosted by Broadridge. In particular, Broadridge will provide a comprehensive, fully hosted and integrated platform of trading, portfolio management, reference data, reconciliation and…

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