Euroclear reports operating income increase of 7% in H1 2021 LeapRate

July 19, 2021 BY Steffy Bogdanova

Euroclear reports operating income increase of 7% in H1 2021

Lieve Mostrey, Chief Executive Officer at Euroclear, commented: I am pleased to report that Euroclear achieved a record business performance in the first half of 2021. Our consistent strategy has delivered a growing financial performance, despite a business environment that remains uncertain. By continuing to invest in our people and technology, we are supporting clients…

July 15, 2021 BY Steffy Bogdanova

J.C. Flowers & Co buys 30% stake in LMAX Group

David Mercer, CEO, LMAX Group, commented: This is a significant milestone in the evolution of LMAX Group that vindicates our industry-leading business model and the role we have to play in the foreign exchange and crypto currency markets of the future. Not only have we identified a like-minded partner in J.C. Flowers who understands global…

July 13, 2021 BY Alan Sayer

Bambu adds to its portfolio with the acquisition of Tradesocio

As Bambu currently provides cloud-based robo advisors to traders, the acquisition will allow them to bring this service to a greater range of customers. Tradesocio already has its own clients in place, offering Bambu the opportunity to instantly get access to a much larger client base. The digital wealth market is one of the fastest-growing…

July 13, 2021 BY Steffy Bogdanova

SIX acquires ULTUMUS to enhance ETF and managed data service offering

The acquisition will have the leadership position of ULTUMUS on ETFs combined with the core capabilities of SIX in trading, post-trade and data services which will open up opportunities to help shape the expanding ETF market. Marion Leslie, Head Financial Information & member of Executive Board, SIX, said: With ULTUMUS we have found the right…

July 13, 2021 BY Steffy Bogdanova

ESMA seeks stakeholder feedback on CCP recovery regime

Klaus Löber, Chair of the CCP Supervisory Committee, said: The launch of ESMA’s public consultations, on the implementation of the CCP recovery mandates, is the first step to ensuring consistency of EU central counterparties recovery regimes at EU level in line with the highest international standards. The proposed Regulatory Technical Standards and Guidelines complement the…

July 09, 2021 BY Steffy Bogdanova

Playtech postpones shareholder vote on Finalto’s sale

In May Playtech and the consortium signed a binding deal for the sale of Finalto for $210 million after a lengthy and complicated approval process. Playtech said in its latest statement: Playtech and the Consortium are bound by the restrictions agreed as part of the SPA, which includes not engaging in negotiations with any third…

July 09, 2021 BY Steffy Bogdanova

Euronext partners with Early Metrics to support Tech SME investors

For the collaboration with Euronext, Early Metrics has generated new methodologies to assess and benchmark the growth momentum, valuation, financial resilience and market liquidity of listed Tech SMEs. The assessment of each company is based on its historical performance. To show its position against a group of peers, Early Metrics uses a comprehensive set of…

July 09, 2021 BY Alan Sayer

Banks increase FX market share

The main reason for this was the impact of Covid-19 across the world. Because a large proportion of the population were in some form of lockdown, it meant that traditional trading wasn’t as viable. As such, traders with a superior technological platform saw a sharp increase in their own FX trading volume. There were none…

July 09, 2021 BY Steffy Bogdanova

The consortium urges Playtech shareholders to vote in favour of the sale of Finalto

If the shareholders turn down the consortium’s offer, the lengthy evaluation and regulatory approval process would have to be repeated, putting Finalto in uncertainty for many months. The consortium also reminded that according to the terms of the Sale and Purchase Agreement, in such a case “Playtech will be required to pay the Consortium a…

July 08, 2021 BY Steffy Bogdanova

SMEs to benefit from new segment on Swiss stock exchange

Valeria Ceccarelli, the Head of Primary Markets at SIX Swiss Exchange, commented: SMEs in Switzerland – as in many countries – are a powerful economic engine. Our challenge has been to ensure that we can offer entrepreneurs a platform that can help them efficiently access capital. SIX has been spending a lot of time working…

Category: Institutional