Category: Institutional

Acquisition
June 18, 2021 BY Steffy Bogdanova

Clearlake Capital sings deal to buy Confluence

Behdad Eghbali, Founder and Managing Partner, and James Pade, Partner and Managing Director, at Clearlake, said: Data management is critical for investment managers, which have come to rely on Confluence’s advanced software and data suite. We see an opportunity in this fragmented market to execute on our buy-and-build strategy and deliver value to customers and…

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Refinitiv
June 18, 2021 BY Steffy Bogdanova

FXall bridges its connectivity to LCH to expand FX OTC access

Any institutional traders who utilise FXall will have the ability to ascertain exactly which of their trades should be cleared, a decision which could be determined by the currency pair, the account they are trading for, or even the liquidity provider. Trades are designed to be routed through to LCH via FXall’s post-trade processing platform,…

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June 18, 2021 BY Steffy Bogdanova

JPMorgan buys robo-advisor Nutmeg to boosts UK expansion

Sanoke Viswanathan, head of JPMorgan’s international consumer business, said in the statement: We are building Chase in the U.K. from scratch using the very latest technology and putting the customer’s experience at the heart of our offering, principles that Nutmeg shares with us. The Financial Times reported that JPMorgan approached Nutmeg while the wealth management…

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partnership
June 16, 2021 BY Steffy Bogdanova

TrueFX adds Straits Financial to its clearing member network

Harpal Sandhu, CEO of Integral and technology provider for TrueFX, added: The size and scale of our growing clearing network allows us to offer significant cost savings to even more clients, brought around by the venue’s integrated liquidity, clearing and technology. We are thrilled that Straits Financial has joined as a clearing member and their…

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Acquisition
June 16, 2021 BY Steffy Bogdanova

CFD broker Fxview acquired by Finvasia Group

Sarvjeet Virk, Managing Director of Finvasia Group said: We’re delighted to add Fxview to our portfolio. Europe remains a key strategic priority for our business. Fxview’s acquisition gives us a significant presence in the European market, complementing our already well-established operations in United Kingdom. FINVASIA operates as a multi-disciplinary and multinational firm which is passionate…

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Eurex
June 14, 2021 BY Steffy Bogdanova

Dutch bank De Volksbank joins Eurex’s ISA Direct

The original announcement noted that the onboarding of de Volksbank shows ISA Direct’s versatility. The statement highlighted that a range of institutions, including banks, stand to benefit from the reduced balance sheet impact that comes from opening a direct clearing relationship with the CCP. Edwin de Hoogen, at de Volksbank, commented: The benefits of combining…

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Acquisition
June 10, 2021 BY Steffy Bogdanova

Broadridge acquires AdvisorStream

Broadridge’s data foundation, together with AdvisorStream, will allow financial advisors to pinpoint what is most relevant and engaging for individual clients at each step of the investor lifecycle. Additionally, AdvisorStream’s compliance capabilities provide flexibility for advisors while still integrating into existing head office marketing workflows. Kevin Mulhern, CEO of AdvisorStream, commented: When we created AdvisorStream,…

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Broadridge Financial Solutions
June 08, 2021 BY Steffy Bogdanova

Broadridge partners with AWS to release Blockchain-based Private Market Hub

Saman Michael Far, VP, Financial Services Technology, Amazon Web Services, added: We are excited to support Broadridge’s Private Market Hub, which accelerates the digitization of a critical part of the financial services infrastructure. Private Market Hub’s use of Amazon Managed Blockchain, a fully managed blockchain service, allows us to help Broadridge scale efficiently and more…

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FXCM Pro announces partnership with Fortex
June 07, 2021 BY Steffy Bogdanova

FXCM announces partnership with Fortex

Daniel Chen, CEO and Co-founder at Fortex, commented: Fortex specializes in helping enterprise clients innovate and re-orient their trading business to fuel continuous growth.  From exchange products to FX/CFD to crypto derivatives, we discover deep values for our clients by leading changes and overcoming pain points, armed with superior computing power and data insights. Our…

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June 03, 2021 BY Steffy Bogdanova

Exclusive Capital announces technology partnerships with FXCubic and Liquidity Connect

Victor Hendrix, CEO at Liquidity Connect said: It is always a pleasure to work with the team at FXCubic. The combination of their bridge and aggregation technology with Liquidity Connect’s infrastructure provides clients with a market-leading robust, secure and ultra-low latency trading environment.  Without question, referrals are the greatest compliment we can receive.  We are…

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