INTL FCStone announced its filling to the US Securities and Exchange Commission regarding the rebranding to StoneX earlier in May 2020. The company said that its old name, INTL FCStone, reflects the merger between International Assets Holding Corporation and FCStone Group from 2011. After operating with the same name for nine years, the board is…
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Avi Sela, COO of eToro commented: As a global, multi-asset investment platform, we are committed to providing a reliable, fully compliant brokerage experience, protecting customer assets while offering full transparency and meeting the needs of global regulators. To accomplish this, we chose financial markets compliance innovator NICE Actimize to provide solutions which address the rapidly…
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As per the agreement, financial services provider INTL FCStone would acquire Gain for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. NTL FCStone has also agreed to make an offer at closing to repurchase GAIN Capital’s $92 million convertible notes due 2022 as part of the transaction. Financial services…
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Listed companies benefit from independent research reports that include market-relevant data and information on the company. Distributed by banks, these reports target potential investors in order to increase the company’s visibility. Issuers and banks don’t have influence over the distribution of research mandates to avoid conflict of interest. Clients of the Stage Program who want…
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The company’s non-GAAP financial measures differ from the most directly comparable measures calculated in accordance with Generally Accepted Accounting Principles in the US (GAAP). Non-GAAP financial measures used by the BGC Partners include "Adjusted Earnings before noncontrolling interests and taxes", which is used interchangeably with "pre-tax Adjusted Earnings"; "Post-tax Adjusted Earnings to fully diluted shareholders",…
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Typically, banks and brokers trade with low execution fees and instead their revenue is generated by marking up the bid/offer spread. A lack of transparency in this can mean discriminatory pricing, but with a market that is fast moving and not centrally cleared, understanding the scale of this additional margin can be challenging. Anders Nicolai…
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Cécile Nagel, Chief Executive Officer of EuroCCP, said: We believe this transaction positions EuroCCP for continued success. In addition to building out our derivatives clearing services, we see many opportunities to collaborate with Cboe to expand our product offering across asset classes. With our shared values and focus on innovation and client service, together with…
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Jean-Philippe Malé, CEO of BidFX, said: We are delighted to join the SGX group of companies and combine forces with the largest FX futures marketplace in Asia. We will be, amongst other plans, expanding our coverage to include FX futures, which gives sophisticated investors a hedge to access the broader market across OTC and futures…
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Olam’s Managing Director and Group CFO, N. Muthukumar said: Olam is delighted to partner with Deutsche Bank to implement Asia’s first ESG FX solution. This innovative facility provides us with a hedge on our currency risk exposure and enables Olam to lock-in a discount when we meet pre-set ESG targets that are aligned with our…
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The new offerings include: A cloud-based data and analytics platform Data Vault which supports the rapid onboarding of data to provide more flexibility and advance client innovation and discovery. Through combination of Data Vault with a scalable, machine-learning approach to data quality, users can more interact with data faster to gain actionable insights. The Distribution…
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