Category: Institutional

Playtech finalto
August 03, 2021 BY Steffy Bogdanova

The battle for Finalto continues: Playtech confirms recommendation, Gopher responds

The Playtech added: Shareholders should ask why Gopher continues to hide and should also be suspicious of Gopher’s credibility, particularly given that disclosure is crucial when buying a highly regulated business. Furthermore, the firm associated with Gopher, TT Bond Partners, is a small boutique brokerage that raises money from Chinese investors. Gopher’s behaviour has not…

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Acquisition
August 03, 2021 BY Steffy Bogdanova

Broadridge acquires post-trade solutions business Alpha Omega

Ray Tierney, President of Itiviti, a Broadridge business, commented: We are excited to formalize our four-year strategic partnership with Alpha Omega through this acquisition. We are leading technology innovation in post-trade, and this acquisition is a testament to our continued growth and momentum in transforming this space. NYFIX Matching is the first ‘one-stop’ platform to…

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July 29, 2021 BY Steffy Bogdanova

HSBC joins as a member of the cross-currency swaps service of CLS and IHS Markit

The cross-currency swaps service is an extension of CLS’s PvP settlement service. It also uses the MarkitSERV trade confirmation platform to enable members of CLSSettlement to send their cross-currency swaps for settlement. The cross-currency swap flows are multilaterally netted against all other FX transactions in CLSSettlement, which results in a meaningful reduction in daily funding…

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acquisition
July 28, 2021 BY Alan Sayer

11B Technologies acquired by 24 Exchange

These software options are mainly aimed at Crypto NDFs and Crypto Spot. As this is an area of the business that 24 Exchange is looking to enhance, it makes sense that these software solutions are the first to be added to the 24 Exchange platform. It will also add low latency software to the 24…

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UK CMA approval
July 28, 2021 BY Steffy Bogdanova

CME Group and IHS Markit’s joint venture gets approval from UK Antitrust Agency

The joint venture will combine the two companies’ post trade service. IHS Markit’s OTC derivatives and forex trade processing business  will work together with CME Group’s OTC derivatives optimization businesses, operating as Traiana, TriOptima and Reset. The CMA first opened the investigation in June 2021 over concerns of “lessening of competition within any market or…

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Starling Bank aims to float on stock market in 2022
July 23, 2021 BY Alan Sayer

Starling Bank aims to float on stock market in 2022

Revenue for the bank also rose sharply during the latest accounting period. The bank posted revenue of almost £100 million, an increase of nearly seven times the previous revenue of £14 million. These improved financial results combined with relaxed laws around going public means that Starling Bank is looking into the opportunity to float. After…

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July 23, 2021 BY Steffy Bogdanova

European Union approves CME Group and IHS Markit’s joint venture

The statement said: The proposed transaction is largely complementary, and results in a few technically overlapping areas between the companies’ activities relating to trade processing products. The new joint venture will provide trade processing and risk mitigation services for global OTC markets across interest rate, FX, equity and credit asset classes. Business information provider S&P…

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acquisition
July 23, 2021 BY Steffy Bogdanova

Singapore Exchange acquires MaxxTrader in a $125 million deal

Manish Kedia, designated Chief Executive Officer, MaxxTrader, said: We share SGX’s FX vision to offer buy-side and sell-side clients a wide range of FX products and liquidity across OTC and futures globally. With SGX’s strong focus and investments in FX, we expect to accelerate innovation and deliver exciting new solutions for both our clients and…

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