Category: Institutional

Acquisition
November 15, 2021 BY Steffy Bogdanova

US DoJ requires IHS Markit to divest business to proceed with S&P Global merger

Acting Assistant Attorney General Richard A. Powers of the Justice Department’s Antitrust Division, said: Without these significant divestitures, the proposed merger would have led to higher prices and lower quality for PRA customers throughout the United States. The divestitures will preserve competition for PRA services, which are vital to the proper functioning of commodity markets…

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BidX Markets
November 11, 2021 BY Steffy Bogdanova

BidX Markets launches today

BidX Markets boasted a list of broker clients and technology partners at launch, which includes Beeks Financial Cloud, Your Bourse, and Gold-i. Simon Blackledge, Founder and Chief Executive Officer for BidX Markets commented: We are very excited to announce the official launch of BidX Markets. BidX has created an industry leading Tier 1 liquidity product…

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November 10, 2021 BY Steffy Bogdanova

StoneX teams up with Asaka Bank to make Uzbekistani Som available on its payment platform

Thiago Vieira, Senior Vice President of StoneX’s Global Payments Division in Asia/Pacific, said: We are extremely pleased to embark on this expansion with our esteemed counterparts at Asaka Bank. Our proprietary suite of payment technology and our effective management of the ever-evolving settlement network upon which it sits are among the key strengths that drive…

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November 09, 2021 BY Steffy Bogdanova

OANDA and CONVRS partner to improve account opening process

Kurt vom Scheidt, Chief Operating Officer with OANDA, said: In today’s world, people are increasingly using instant messaging apps in every aspect of their daily lives. As such, we wanted to upgrade our onboarding protocols to better reflect this, extending our channels of communication to include the world’s most popular social media and mobile messaging…

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Playtech
November 08, 2021 BY Steffy Bogdanova

Gopher Investments shows interest in acquiring Playtech

The statement said: There is no certainty that Gopher's approach will result in an offer for Playtech, nor as to the terms on which any offer may be made. Earlier in October, Aristocrat Leisure agreed to acquire Playtech in a £2.7  billion deal. The gaming giant’s shares jumped within 24 hours of the announcement. The…

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Cboe Global Markets
November 05, 2021 BY Steffy Bogdanova

Cboe Global Markets to introduce US Treasuries Trading Platform

Cboe Fixed Income will bring the company’s Full Amount technology together with its liquidity curation and analytics capabilities to further improve trading in US Treasuries. The Full Amount matching protocol allows liquidity consumers to transact against the best quote from a single liquidity provider, while satisfying the full amount of the order to help minimize…

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SGX
November 05, 2021 BY Steffy Bogdanova

SGX partners with DataBP to roll out SGX Data Direct

DataBP’s platform supports the quick addition of new products and the scalability to enable the diversification of subscribers and vendor relationships. Joyce Tan, Head of Market Data Development & Delivery at SGX, said: Our partnership with DataBP and the inception of SGX Data Direct offers a direct online channel of engagement with our end-clients.  It…

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acquisition
November 01, 2021 BY Steffy Bogdanova

7RIDGE to acquire Trading Technologies

Tim Geannopulos, Chairman of the Board and CEO of Trading Technologies, said: We’ve been in search of the right strategic partner to help Trading Technologies achieve the tremendous potential of our pioneering new technology platform and accelerate the expansion of the business and product roadmap. Maintaining the firm’s independence will allow us to retain the…

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Refinitiv
October 28, 2021 BY Steffy Bogdanova

Refinitiv releases regulated Tokyo Swap Rate

Jacob Rank-Broadley, Head of LIBOR Transition, Benchmarks & Indices at LSEG, said: As the global financial markets migrate away from LIBOR, the launch of our Tokyo Swap Rate (for swaps referencing TONA) serves as a critical step to facilitate this transition to the new market convention. Now more than ever the industry requires robust and…

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