Securing the FCA consent also gives Cornerstone’s clients assurance that they continue to deal with a UK regulated entity that will be able to meet their payment needs of the future. The re-registration of the Company as a public limited company and the change of its name to Cornerstone FS plc are pending approval during…
Read more
CLS’s Head of Information Services, Masami Johnstone, commented: Daily traded volumes in August were flat (-0.5%) versus the previous month, at USD1.65 trillion. This comprised FX swap volumes of USD1.188 trillion (-0.3%), forward volumes of USD77 billion (-3.8%) and spot volumes of USD384 billion (-0.5%). Compared to August 2019, FX swap volumes were slightly down…
Read more
The exchange also confirmed submitting a non-binding offer to London Stock Exchange Group plc to acquire Borsa Italiana but pointed out that there still cannot be certainty of a transaction. Euronext indicated that a potential combination with Borsa Italiana will create a strong player in continental European capital markets and Italy would be the largest…
Read more
Established in 1992, Saxo Bank A/S is a Danish regulated bank for online trading and investment, with a strong global presence. Around 125,000 trades per day are processed through its trading platforms, SaxoTraderGO,SaxoTraderPRO and SaxoInvestor. The bank is also LuxSE’s first Scandinavian-based trading member. Henrik Juel Villberg, Global Head of Trading & Market Access at…
Read more
The exchange announced in the beginning of August the completion of the settlement of shares under its offer from April to fully acquire the Danish Central Securities Depository, VP Securities. On 15 July 2020 Eruonext secured clearance from the Danish Financial Supervisory Authority for the acquisition. Euronext will consolidate VP Securities’ accounts in its financial…
Read more
The Traders Summit inaugural event in April this year reached more than 5,000 people. Traders Summit will host another free online 3-day event as a follow up and corresponding to the launch of the content portal. The event will be held on 25 September until the 27th and is expecting more than 10,000 registrants. The…
Read more
Over the last year, Moneyfarm has focused on technology and expanding its reach. In July, the company signed an agreement with open banking platform, Fabrick, giving banks and intermediaries the infrastructure to offer Moneyfarm’s service to their customers. Paolo Galvani, Co-founder and President of Moneyfarm, said: Seeing results like these is more than just satisfying.…
Read more
Marcin Niewiadomski, CEO of TMS, added: We are delighted to become a part of such a strong group with a solid capital base and worldwide presence. We believe that through this transaction, TMS will strengthen its position in Poland and the Baltic States, delivering access to new products, modern technology and investment opportunities on the…
Read more
GF Securities will partner with SGX through its wealth management and asset management businesses so together can engage institutional investors in both Chinese and Singapore markets. Loh Boon Chye, CEO of SGX, commented: We look forward to deepening our cooperation and relationship with GF Securities, whom we have worked closely with in the past decade.…
Read more
Nigel Verdon, CEO and co-founder of, Railsbank, added: We are delighted to have come to this agreement with Wirecard Card Solutions and thank its team for working positively with us during the process. At the end of the day, customer and team needs are our priority. The Railsbank team will conscientiously work on ensuring customers,…
Read more