INTL FCStone Inc. (NASDAQ: INTL) has just announced that its London-based subsidiary, INTL FCStone Ltd., executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt, Germany. Closing is conditional upon the approval of the German regulator BaFin. Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small…
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LiquidityBook, a Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has announced two new London-based hires for its EMEA Client Service Team. James Pearson and Abdullah Al Nasiri will be joining the team, respectively as a Technical Implementation Analyst and a Client Services Analyst. Pearson will be responsible for onboarding projects, and will be…
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Swiss platform services provider AlgoTrader AG has announced today that it has completed a new round of financing from institutional growth investors. This series A round totaling CHF 3.7 million was led by an undisclosed global Tier 1 bank and was joined by investiere, BlockChain Valley Ventures and the seed-round investor NeueCapital. Andy Flury, CEO…
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Global clearing house LCH has just announced that 2019 was another record year for volumes across multiple asset classes. Activity in its OTC derivatives and fixed income clearing services as well as its SwapAgent franchise exceeded 2018’s volumes. Daniel Maguire, CEO, LCH, and Group Director, Post Trade, London Stock Exchange Group, commented: 2019 has been…
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INTL FCStone Inc. (NASDAQ: INTL) has today announced that it has acquired IFCM Commodities, GmbH out of Hamburg, Germany. The deal was closed last week, on January 2. IFCM Commodities specializes in providing commodity price risk management solutions for base metals serving clients across Germany and continental Europe. The company has been working closely with…
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China Finance Online Co. Limited (NASDAQ GS: JRJC), a web-based financial services company, has announced its unaudited financial results for the third quarter and first nine months ended September 30, 2019. The company provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial…
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Japan times reported earlier this week that according to a private survey nearly 90% of institutional investors are worried about the possible negative effects of a law revision, tightening restrictions on foreign investment. The law was enacted in November 2019 and is expected to take effect around May next year. The new law requires foreign investors to notify…
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TP ICAP plc has announced earlier this week the proposed acquisition of Louis Capital Markets and MidCap Partners. The company, collectively known as Louis Capital, is a private brokerage group specialising in equities and fixed income. Louis Capital is primarily based in Europe, operating in London and Paris, but has offices in New York, Hong…
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Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this month that it is about to cancel the admission of the Ordinary Shares to trading on AIM and remain listed only on NEX. TechFinancials has taken the decision to make substantial adjustments to its operating structure and cost base while seeking to develop its newer…
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Busy week for FCA regulated CFH Clearing, TradeTech Group’s liquidity provider and Prime of Prime brokerage, as it has just announced that it has extended its single stock CFD product range with a wide selection of additional stocks from the US, Europe, Hong Kong and Australia. LeapRate reminds that earlier this year, CFH launched single…
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