Category: Institutional

acquisition
February 21, 2020 BY Valentina Kirilova

Morgan Stanley buying E*Trade in $13bn deal

Wall Street giant Morgan Stanley (NYSE: MS) announced on Thursday that it will acquire E*TRADE Financial Corporation (NASDAQ: ETFC), a financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share…

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fma warning
February 20, 2020 BY Steffy Bogdanova

FMA hosted debate on passive vs active management

Investment industry leaders from New Zealand were gathered in Auckland last night to debate whether passive or active fund management was best. The debate was hosted by Financial Markets Authority (FMA), on topic: ‘passive management gives investors the best outcome’. Most KiwiSaver funds and managed funds in New Zealand favor active management, however passive management…

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CLS Group trading volumes
February 20, 2020 BY Valentina Kirilova

CLS Group's ADV up 11% MoM in January

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of January 2020. The average daily traded volume submitted to CLS was USD1.77 trillion, up 10.8 percent from USD1.60 trillion in December 2019.     Average daily traded volume submitted to…

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February 19, 2020 BY Steffy Bogdanova

Israel Discount Bank teams up with Integral to implement eFX Workflow Automation & Trading Technology

Israel Discount Bank announced today its partnership with Integral for integrating eFX workflow automation and trading technology to stimulate business growth. The collaboration will provide an eFX solution that will improve flexibility and extend reach over different trading channels. Integral BankFX offers a customizable tool on their platform which allows Israel Discount Bank to deliver…

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ATFX shares market outlook for Q2 2020
February 17, 2020 BY Valentina Kirilova

ATFX adds Global Market News from Dow Jones Newswires

ATFX clients can now stay informed and make better trading decisions since the addition of Dow Jones Newswires content to ATFX trading platform. From January 2020 all ATFX clients have access to Dow Jones Newswires content, including important market news and insights from financial professionals and investors. The new feature provides premium forex market news,…

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CLS
February 17, 2020 BY Valentina Kirilova

First Philippine third-party bank joins CLS’s settlement service

CLS announced today that Metrobank just joined CLSSettlement as a third-party participant. Metrobank is the first Philippine bank to access CLS’s settlement service and UBS, a CLSSettlement member, will provide access to Metrobank. The increase in third-party participation in CLSSettlement throughout the region has been driven by a number of factors: since 2018, the overall…

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clsnet
February 14, 2020 BY Steffy Bogdanova

BCS Global Markets, BCS Broker and Argus research announce partnership agreement

Financial service group, BCS Global Markets, BCS Broker and US independent research analysis of US equities company, Argus Research announced earlier this week their partnership agreement. Clients of BCS Global Markets and BCS Broker will be able to regularly take advantage of the analytical data Argus Research provides for daily markets and company reports, macroeconomic…

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clsnet
February 12, 2020 BY Valentina Kirilova

Actinver, BNP Paribas, Citibank and J.P. Morgan join CLS’s DLT bilateral payment netting service

CLS, a market infrastructure delivering settlement, processing and data solutions, has just announced that Actinver, BNP Paribas, Citibank and J.P. Morgan are now live on CLSNet. The aforementioned giants joined the standardized, automated bilateral payment netting calculation service for over 120 currencies operating on a distributed ledger technology (DLT) platform, earlier this week, increasing its…

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