Category: Institutional

Acquisition
April 21, 2021 BY Steffy Bogdanova

Plus500 acquires Cunningham Commodities, enters US futures market

David Zruia continued: The acquisition represents an important strategic step for Plus500 as we continue to transition into a global, multi-asset fintech group. Our long-term ambition is to enable simplified, universal access to financial markets, and I’m excited that we have taken a further step toward achieving this today. Bill Cunningham, Andrew Busby and Nate…

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Singapore
April 20, 2021 BY PureContent

Deutsche Bank sets up Singapore engine amid trading boom in Asia

Singapore is notably in the top rankings of trading destinations for FX on a global basis. The Bank of International Settlements (BIS) has reported that Singapore is only marginally trailing behind the UK and the US in the multi-trillion dollar FX market. While distributing up-to-date market statistics for last month, SGX revealed a surge in…

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collaboration
April 20, 2021 BY PureContent

Starling Bank announces £50 million investment from Goldman Sachs

By the end of the next financial year-end, Starling will be set to report its first ever complete year in profit. The announcement of Goldman Sachs’ significant investment will be a key factor in driving Starling’s ongoing lucrative growth. While the announcement has been made, the transaction is still subject to approval from regulators. James…

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CLS
April 19, 2021 BY Steffy Bogdanova

CLS reports an increase in March trading volumes

The forward and spot FX market saw 2% increase in volumes, reaching $0.117 trillion and $0.483, respectively. The numbers in these sections of the market remained lower compared to the ones reported during the same period in 2020. CLS’s Global Head of Product, Keith Tippell, commented: In the first quarter of 2021, we witnessed record…

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CAPEX.com and Praxis Cashier broaden their collaboration on direct payment integration solutions
April 13, 2021 BY Steffy Bogdanova

CAPEX.com and Praxis Cashier expand collaboration on direct payment integration solutions

Praxis’s PCI 1-compliant smart cashier software offers access to more than 350 payment service providers (PSP) and over 1,000 alternative payment methods (APM) connections. This wide payment option allows CAPEX.com to pick beneficial deposit methods for its clients, depending on the jurisdiction. Headquartered in Cyprus, Praxis Cashier is a technology company that primarily addresses fintech,…

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April 06, 2021 BY Steffy Bogdanova

Equiti Group strengthens its market news tools with Acuity Trading and Dow Jones partnership

Equiti clients can now access market insights and trading opportunities provided by this partnership. The Intuitive visualisations highlight the emerging market trends before market movement and AI data-driven signals to spot opportunities more easily. This combined offering provides global and local market coverage in an engaging trading experience. Iskandar Najjar, Equiti Group CEO added: Equiti…

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Acquisition
April 05, 2021 BY Steffy Bogdanova

Uphold acquires JNK Securities following regulatory approval

JP Thieriot, CEO of Uphold, said: Bitcoin to Tesla stock in one seamless user experience will soon become a reality for our U.S. customers. The move will introduce unprecedented speed and convenience for retail investors seeking to trade between traditional and emerging asset classes. This acquisition is set to deliver Uphold the practical means to…

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