Category: Institutional

CobaltFX
May 31, 2023 BY Steffy Bogdanova

BNP Paribas and NatWest go live with ‘Dynamic Credit’ from CobaltFX

BNP Paribas and NatWest have been long term partners with CobaltFX and now both companies are increasing their engagement with the Dynamic Credit product to manage credit exposures for their respective financial institutions, addressing overly manual processes as well as market access and control. Joe Nash, Digital COO for Foreign Exchange, Rates and Commodities, BNP…

Read more
Tradeweb
May 25, 2023 BY Steffy Bogdanova

Tradeweb acquires Yieldbroker in a A$125 million deal

Launched in 1999, Yieldbroker operates an institutional and wholesale marketplace (D2C and D2D) for domestic customers in Australian and New Zealand debt securities. The official announcement detailed that the trading platform facilitates trading of about A$6 trillion annually. Tradeweb further stated that the acquisition would allow it to boost market efficiency. It would grant Australian…

Read more
Acquisition
May 23, 2023 BY Steffy Bogdanova

Mizuho expands in US with acquisition of Greenhill

Jerry Rizzieri, President and CEO, Mizuho Securities USA, said: Greenhill is a proven industry leader, and its team has led many of the largest and most complex transactions for clients globally, across a wide range of sectors. Mizuho is committed to the expansion of its investment banking platform, and we are excited for the Greenhill…

Read more
May 23, 2023 BY Steffy Bogdanova

FD Technologies sees 12% surge in revenue to £296 million in FY23

FD Technologies also saw a strong performance by its divisions KX and First Derivative. KX’s revenue reached £80.2 million, up by 25% from the previous year. The firm also noted that 72% of the revenue came from recurring clients. The First Derivative segment generated £174.3 million, demonstrating a substantial increase of 18%. Both divisions exceeded…

Read more
May 23, 2023 BY Steffy Bogdanova

BNY Mellon expands offering on LiquidityDirect

Adam Vos, CEO of BNY Mellon Markets & Execution Services, said: Throughout market cycles, the global demand for liquidity remains paramount for all market participants. A critical component to meeting clients' needs is providing integrated access from a single source to an array of liquidity solutions. We have built—and now significantly enhanced—our LiquidityDirect platform to…

Read more
Cornerstone revenue
May 17, 2023 BY Steffy Bogdanova

Cornerstone FS sees 110% revenue increase in 2022

Revenue from foreign exchange and payments services were key contributing factors, specifically from spot and forward transactions, which made 92% and 8% of revenue respectively. In comparison, spot brought in 89% during the prior year and forwards - 11%. In 2022, the Group expanded its payments capabilities and the currency pairs rose from 42 to…

Read more
Sucden Financial
May 16, 2023 BY Steffy Bogdanova

Sucden Financial reports net revenue of £69.5 million in 2022

Profit before tax was also mostly the same as last year, at £18.4 million, growing by 0.6%. Marc Bailey, Sucden Financial CEO, said: Sucden Financial delivered another strong performance in 2022, driven by the hard work and expertise of our people and the positive impact of our ongoing strategic initiatives. Our sustained investment in technology…

Read more
Euroclear reports operating income increase of 7% in H1 2021
May 12, 2023 BY Steffy Bogdanova

Euroclear announces expansion in Poland

The new Tech hub was made possible with the establishment of a new legal structure in Krakow, setting up a Euroclear SA branch. Andrzej Mikolajczak will take the rains of the new entity as Euroclear SA branch manager. He will work alongside current Euroclear Bank branch manager, Stephane Bernard. Lieve Mostrey, Euroclear Group CEO commented:…

Read more
May 08, 2023 BY Steffy Bogdanova

Match-Trade Technologies integrates its trading platform with Centroid Bridge

Michael Karczewski, Chief Executive Officer at Match-Trade Technologies, said: We are delighted to have extended our collaboration with Match-Trade Technologies. As a connectivity provider, we are constantly looking to add integrations and options to our award-winning Bridge Engine, both in terms of liquidity providers with a wide range of products, and comprehensive trading platforms, that…

Read more