The company’s sale value reached £3.9 billion, which is the largest listing of a UK private equity firm in decades. This development left questions about whether Bridgepoint might have priced its IPO too low at £2,881 million. However, pricing the deal higher may have caused to be accused of trying to get short term gains,…
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The data governance solution, developed during the course of the digital partnership, enabled teams and decentralized decision making. As a result, Saxo has been able to move their open banking objective ahead and to improve upon it. Graham Stirling, Head of Data Platforms at Saxo Bank, said: Saxo have been on the journey towards a…
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This latest acquisition is a continuation of Plus500’s strategy of acquiring companies to expand its geographical reach. This is a two-part process that the company carries out as it invests internally in its products and acquires companies that allow access into new markets. David Zruia, CEO of Plus500, had this to say: With a combination…
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Mazy Dar, CEO of OpenFin, commented: We’re excited to be a strategic partner with Broadridge, helping clients accelerate and adapt to advanced digital workspace solutions. Providing an adaptable interface customizable to user preferences will help c’s clients boost productivity and simplify the investment management process. OpenFin’s operating system enables traders and portfolio managers to manager…
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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…
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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…
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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…
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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…
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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…
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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…
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