Category: Institutional

CLS
March 09, 2020 BY Steffy Bogdanova

Sumitomo Electric Industries becomes third-party participant in CLSSettlement

CLS, US settlement services provider in the foreign exchange market, announced yesterday the first Japanese manufacturing company to access CLSSettlement as a third-party participant, Sumitomo Electric Industries (SEI). SEI is manufacturer of electric wire and optical fiber cables and is ranked in the Fortune Global 500. The company has a diverse global business portfolio in…

Read more
acquisition
March 06, 2020 BY Steffy Bogdanova

Broadridge acquires FundsLibrary

Global Fintech provider and part of the S&P 500 Index, Broadridge Financial Solutions, announced earlier this week the acquisition of FundsLibrary, fund document and data dissemination platform. Broadridge’s pan-European regulatory communications and digital data platform will benefit from the acquisition with lifecycle of fund data, documents, and regulatory reporting for the investment industry support. FundsLibrary’s…

Read more
TechFinancials converts loan into Footies
March 05, 2020 BY Steffy Bogdanova

TechFinancials converts loan into Footies

Fintech provider TechFinancials, Inc., announced that following 15 July 2019 funding agreement with for subsidiary Footies Ltd, the company has converted its $300,000 loan into 4,285 new shares of £0.01 in Footies Ltd. The transaction was at approximately $70.00 per share and amounted to valuation of US $1,000,000 post-money for Footies. After the transaction TechFinancials…

Read more
March 05, 2020 BY Valentina Kirilova

FXCM Pro starts onboarding clients with FlexTrade’s MaxxTrader

FXCM Group, LLC, the international provider of online forex and CFD trading, has just announced that FXCM Pro is about to start onboarding clients with FlexTrade System’s MaxxTrader solution across the LD4 hosting centre. LeapRate reminds that FXCM Pro started its partnership with FlexTrade last year. MaxxTrader is an end-to-end, dedicated and customisable solution covering…

Read more
March 04, 2020 BY Steffy Bogdanova

OANDA adds new Chasing Returns functionality to all platforms

Forex trading platform OANDA, announced yesterday the strengthening of its partnership with Dublin-based FinTech firm Chasing Returns. OANDA’s platforms will be able to offer now expanded suite of capabilities, utilizing behavioural science research to help improve trading performance. The collaboration expands on the already integrated in 2018 Chasing Returns’ risk management technology into OANDA’s trading…

Read more
February 28, 2020 BY Steffy Bogdanova

Paysafe teams up with Celero Commerce in US market

Paysafe, specialized payments platform, announced its partnership with the Tenenesse-based integrated business management solutions provider, Celero Commerce. Paysafe will support Celero Commerce’s independent sales organizations (ISOs) in their expansion. Founded in 2018 Celero Commerce currently serves approximately 25,000 American merchants. The collaboration will allow the company to take advantage of 20-year experience of Paysafe assisting…

Read more
playtech offices
February 28, 2020 BY Valentina Kirilova

Playtech's financial division TradeTech reports a 30% YoY drop in revenue in 2019

Online gaming and financial trading giant Playtech PLC (LON:PTEC) has released its results for the year ended 31 December 2019. The company reported significant decrease in revenue in its financial division TradeTech Group (which includes CFH, Alpha, Markets.com), due to challenging market conditions in 2019. Group highlights include: Core B2B Gambling revenue growth of 15% vs. 2018 driven…

Read more
February 27, 2020 BY Steffy Bogdanova

Finastra adds four new fintech apps on FusionStore

Finastra announced yesterday the addition of four new retail banking apps on its marketplace FusionStore. The app was first built in the end of last year and includes innovative saving, spending control and personal finance management services. They use open APIs through the FusionFabric.cloud development platform. The apps include: Flybits, а contextual customer engagement platform…

Read more
February 26, 2020 BY Steffy Bogdanova

TrueFX teams up with Axicorp, FXCM and Velocity Trade to launch Clearing Member network

TrueFX, spot trading facility delivered by Integral, announced today the launch of Clearing Member network. Axicorp, FXCM, Velocity Trade and TrueFX have formed a partnership to support customer access to the ecosystem. The collaboration allows clients to clear through Jefferies FXPB, TrueFX’s central credit counterparty, or open an account with a TrueFX Clearing Member and…

Read more