Category: Institutional

acquisition
July 31, 2020 BY Steffy Bogdanova

StoneX finalizes acquisition of Gain Capital

Glenn Stevens, CEO of GAIN, commented on the transaction: As a result of this combination, GAIN’s customers will benefit from a richer product offering, as well as the expanded resources and greater scale of the combined firm. StoneX, in turn, will add a new digital platform to its global financial network, significantly expanding its offering…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
July 30, 2020 BY Steffy Bogdanova

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

Michael Muirhead, AIF, PPC, senior director said: The need for advisor designations and certification exams did not cease when we moved to a virtual world, forcing us to re-examine the proctoring process for clients. Through remote proctoring, clients can now take the certification exams from the safety of their home and meet ANSI National Accreditation…

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Acquisition
July 29, 2020 BY Steffy Bogdanova

Agricultural brokerage Matthews Group joins Marex North America

Marex recently appointed Ram Vittal as CEO of Marex North America following the firm’s February 2019 acquisition of the customer business of Rosenthal Collins Group (RCG). Vittal commented: We are very focused on expanding our North America business and are delighted to add the capabilities and deep experience of Craig and his team. The breadth…

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Sucden Financial
July 29, 2020 BY Steffy Bogdanova

Sucden Financial and FlexTrade Systems launch TY3 matching engine

Phil Kim, Head of eFX Sales, Asia-Pacific, commented: We are very excited to add our TY3 venue to Sucden Financial’s ever-expanding suite of eFX products, as well as for our partnership with FlexTrade. This launch underlines our continued commitment to enhancing our services within the Asia-Pacific region, even during these times of global uncertainty. Manish…

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Invast Global releases new VIX CFD liquidity with Cboe
July 24, 2020 BY Steffy Bogdanova

Invast Global releases new VIX futures CFD with Cboe

James Alexander, Chief Commercial Officer at Invast Global, commented: Invast Global has for a long time been a strong proponent of multi-asset solutions for brokers and continues to focus on innovation with the release of a new VIX futures CFD. By continuing to work with client-focused partners like Cboe, we are excited about the product…

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partnership
July 23, 2020 BY Steffy Bogdanova

Cassini Systems and IHS Markit team up for automated margin estimates within thinkFolio

Brett Schechterman, Managing Director and Global Head of thinkFolio at IHS Markit said: Although regulatory authorities have recently moved to delay the final implementation phases of UMR in consideration of the challenges posed by COVID-19, our partnership with Cassini Systems to deliver an integrated solution to ensure transparency of margin and collateral costs can provide…

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acquisition
July 22, 2020 BY Steffy Bogdanova

Online Broker Flatex secures regulator approval to buy DeGiro

Flatex CEO Frank Niehage also received a regulatory approval and will now join the supervisory board of DeGiro. Frank Niehage, CEO of flatex AG commented: When we signed the transaction, DEGIRO had less than 500k customers. We are now closing the transaction with 250k additional new clients at no additional costs and are becoming the…

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