Japan's Toshiba Corp (TYO:6502) will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported today. Hitachi Ltd (OTCMKTS:HTHIY) and other Japanese firms are seen as possible bidders for the unit, Kyodo added. Toshiba had already hired UBS to explore a sale or an initial public offering…
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Redline Trading Solutions, the provider of high-performance market data and order execution systems for automated trading, today announced Patrick Lau as Director of EMEA Sales, operating out of Redline’s office in the City of London. Patrick’s success at Redline in building collaborative relationships with leaders of global banks provides a strong foundation for his promotion…
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AxiomSL, the global provider of regulatory reporting and risk management solutions announced today that Trafigura PTE Ltd, a commodity trading firm, will begin using AxiomSL’s platform for its global trade and transaction reporting. Trafigura PTE Ltd will roll-out AxiomSL’s solution across a multitude of trade and transaction reporting regimes, including Dodd-Frank, MAS, REMIT and EMIR…
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Plato Partnership Limited, a not-for-profit company bringing solutions and efficiencies to today’s equity marketplace, announced its intention to enter into a cooperation agreement with LiquidMetrix, an execution specialist and an operating division of Strategic Insight (SI). Under this new partnership, the two companies will research, design and implement a stronger methodology for assessing block trade…
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Plato Partnership Limited, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, and Turquoise, the European multilateral trading facility, today announce their intention to develop a mechanism that allows users to call a liquidity event for less liquid securities, including small and medium-sized enterprises (SMEs). SMEs are a vital driver of growth…
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KCG announces consolidated earnings of $0.05 per diluted share for the first quarter of 2017 KCG Holdings, Inc. (NYSE: KCG) today announced that it has reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG's Class A Common Stock for $20.00 per share in cash. The price represents…
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Bloomberg and Bats Europe, a CBOE Holdings Inc. (NASDAQ: CBOE) company, have announced they plan to provide Bloomberg customers with the ability to use their respective Approved Publication Arrangements (APA) to fulfil MiFID II transparency reporting requirements. Under MiFID II, market participants are facing a steep increase of reporting tasks they need to manage, for…
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NEX Group plc (LON: NXG) formerly known as ICAP plc, a UK-based business focused on electronic markets and post trade business, announced today that it has received approval from the Commodity Futures Trading Commission (CFTC) for NEX SEF Limited (NEX SEF), a new Swap Execution Facility (SEF). NEX SEF will allow customers to trade Non-Deliverable…
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Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced that six credit unions with assets of $1 billion or more have extended and expanded their relationships with Fiserv. Each of the credit unions has selected DNA, an open architecture account processing platform, and will leverage DNA along with a variety of…
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Leverate, the financial trading solutions provider, announced the latest developments to their product range of LX Tools and the LXFeed. A number of the developments made to the LX Tools now include the ability to define per security, if the security is tradeable or should just be enabled. If enabled traders will view the symbol…
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