Category: Institutional

eToro
March 17, 2021 BY Steffy Bogdanova

eToro confirms $10.4 billion SPAC merger

The announcement stated that existing eToro equity holders will retaining 91% ownership following the merger with FinTech V. The board of the directors of both companies have unanimously approved the merger, however it is still pending stockholder approvals. The deal is expected to close in the third quarter of 2021. Betsy Cohen, Chairman of the…

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Eurex
March 16, 2021 BY Steffy Bogdanova

Eurex and KRX to expand products on joint link

Since 2010 and 2016, respectively, overnight KOSPI 200 Options and Mini-KOSPI 200 Futures have been listed on Eurex. This expansion of the long-standing cooperation with further futures is strategically important for both Eurex and KRX. On a global scale, KOSPI 200 Options make up one of the four most heavily exchange-traded index contracts. Trading these…

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Acquisition
March 12, 2021 BY Steffy Bogdanova

IHS Markit to merge with S&P Global

Lance Uggla, Chairman and CEO of IHS Markit commented: We are delighted by the overwhelming shareholder support of this strategic merger. We remain focused on bringing together two great companies for the benefit of our customers, employees and shareholders. The proposed agreement mandates that each share of IHS Markit common stock will be exchanged for…

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Naga Group appoints Pawel Cichowski as Head of Dealing
March 10, 2021 BY Steffy Bogdanova

NAGA obtains $30 million funding from Yorkville Advisors

As previously mentioned, the funding agreement occurred just as NAGA was experiencing a rapid increase in demand spanning all of its business metrics. In February 2021, the broker reported a total trading volume of around $20 billion and passed a milestone of 1 million monthly transactions. On top of this, 37,000 new trading accounts were…

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Refinitiv
March 03, 2021 BY Steffy Bogdanova

Refinitiv and MarketsMojo pair up to expand global reach

Gautam Verma, Head of South Asia, Data & Analytics at LSEG, said: With the disruption in stock markets due to technology, increased competition and higher customer expectations, the complexity of the global market advisory business keeps growing. Refinitiv is always looking to deliver more value to our clients, therefore we’re delighted to partner with MarketsMojo…

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Acquisition
March 02, 2021 BY Steffy Bogdanova

StoneX acquires a minority stake in Tigress Financial Partners

Founded in 2011 by Wall Street veteran Cynthia DiBartolo, Esq., Tigress Financial Partners LLC, the company is diversity SEC/FINRA registered full-service broker dealer providing services in capital markets underwriting, investment banking, equity research, global debt and equity securities sales and trading, and investor services including global wealth management and asset management. Cynthia DiBartolo, CEO of…

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