Category: Institutional

LSEG, London Stock Exchange
April 06, 2022 BY Steffy Bogdanova

LSEG acquires digital identity verification firm GDC

The terms of the deal have not been disclosed but the official announcement said the transaction is expected to close in the first half 2022. Andrea Remyn Stone, Group Head, Data & Analytics LSEG, commented: Adding GDC to the suite of digital identity solutions within our Data & Analytics division, will enable us to continue…

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Swiss Stock Exchange
April 05, 2022 BY Steffy Bogdanova

SIX launches its new clearing IT infrastructure for the Nordic markets

According to the official announcement, the improved IT infrastructure will enable the clearing of 10 million trade legs per day. The SIX is expecting an increase in the number of cleared trades in the future. Roland Chai, Executive Vice President and Head of Market Infrastructure Technology, Nasdaq Market Technology, added: This demonstrates Nasdaq´s ability to…

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Marex
April 05, 2022 BY Steffy Bogdanova

Marex opens a Minneapolis office

Minneapolis office The company’s new Minneapolis office will serve as a launch pad for further expansion of its listed and OTC offerings, including structured products. Marex Solutions, the OTC arm of the company, will introduce a new North American OTC dairy business out of this hub. Hofstad will lead the new business as a complement…

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Sberbank Russia
April 04, 2022 BY Steffy Bogdanova

Russia's Sberbank winds down London operations

The UK regulator has appointed David Philip Soden, Robert Scott Fishman and Matthew Steven Roe, all of Teneo Financial Advisory Limited, as joint special administrators of Sberbank CIB. The special administration is a form of creditor protection that often precedes bankruptcy. The FCA said in a statement that the sanctions have led Sberbank's investment arm…

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Euroclear reports operating income increase of 7% in H1 2021
March 21, 2022 BY Steffy Bogdanova

Euroclear announces investment in Fnality

Rhomaios Ram, CEO Fnality International said: The institutional commercialisation of DLT is being realised through Fnality’s creation of a network of distributed payment systems using blockchain technology. As we progress from testing to real-world implementation, welcoming Euroclear Group as an investor into the Fnality International consortium will significantly enhance the diversification of Fnality’s network and…

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Alpha FX
March 16, 2022 BY Steffy Bogdanova

Alpha FX reports 94% jump in profits in 2021

Basic earnings per share stood at 57.7p, up  82% compared to the previous year. The Group decided to pay a dividend of 8 pence per share to its shareholders, which makes the total dividend distribution for the financial year 11 pence. Alpha FX also reported that the number of clients rose 27% from 754 to…

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