Category: Institutional

TechFinancials converts loan into Footies
October 01, 2019 BY Valentina Kirilova

TechFinancials provides an update to the MarketFinancials deal

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) has today provided the market with another update relating to the sale of its shareholding in MarketFinancials Limited (MF). The Company has agreed to extend the completion date of the conditional Share Purchase Agreement to sell its entire holdings in MF, a non-core loss-making asset, for €100,000…

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September 25, 2019 BY Valentina Kirilova

LCH ForexClear integrates with State Street’s FX Connect TradeNeXus

LCH, a global clearing house, has announced earlier this week that it is going to be the first clearing house to integrate with FX Connect TradeNeXus. TradeNeXus is State Street’s FX trading platform that provides exception based automated matching, trade and settlement confirmation enrichment and third party messaging. The new link provides users of TradeNeXus…

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Deutsche Bank
September 24, 2019 BY Valentina Kirilova

Deutsche Bank transfers prime brokerage clients to BNP Paribas

Deutsche Bank and BNP Paribas reached a master transaction agreement yesterday. According to Reuters, the transaction happens in order to assure service continuity to Deutsche’s global prime finance and electronic equities clients. Deutsche Bank said in a statement on Monday that it will continue to operate the platform until clients can be migrated to BNP…

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smartTrade increases presence in Australia, strengthens partnership with NAB
September 24, 2019 BY Valentina Kirilova

smartTrade increases presence in Australia, strengthens partnership with NAB

National Australian Bank (NAB), Australia’s leading bank for businesses in the region, and multi-asset, end-to-end trading solutions company, smartTrade Technologies, have just announced that they have extended their ongoing relationship. NAB FX business is powered by LiquidityFX, smartTrade’s flexible end-to-end trading platform. LiquidityFX was selected in 2014 as a market connectivity solution for NAB, offering…

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acquisition
September 20, 2019 BY Valentina Kirilova

TP ICAP acquires ClearCompress for £750,000

TP ICAP plc has announced earlier this week that it has acquired ClearCompress Limited, a provider of innovative, algorithm-based, light-touch compression services in cleared and uncleared derivatives that assist clients to achieve cost efficiencies and capital reduction. TP ICAP and ClearCompress started collaborating in 2017. In March 2019 when TP ICAP agreed to provide funding…

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Virtu Financial
September 19, 2019 BY Valentina Kirilova

Virtu Financial to launch new FX and FI TCA models

Virtu Financial, Inc. (NASDAQ: VIRT) has just announced that it will launch new transaction cost and market impact models for FX and fixed income, as part of ongoing enhancements to its comprehensive multi-asset class TCA offering. Kevin O’Connor, Virtu’s Head of Analytics and Workflow, commented: Our ACE Analytics product has been the leading cost and…

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Marex Spectron launches Marex Financial Products structured note business
September 18, 2019 BY Valentina Kirilova

Marex Spectron launches Marex Financial Products structured note business

Marex Spectron, the global commodities firm, has announced that it has launched Marex Financial Products. Marex Financial Products is a structured note business that broadens its range of product offerings and helps diversify the firm’s funding and is part of Marex Solutions, the firm’s OTC derivatives arm. Marex Financial Products leverages Solutions’ fintech platform which…

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FXTM analyzed 70 M&A deals to show stock performance and GDP comps
September 16, 2019 BY Valentina Kirilova

FXTM analyzed 70 M&A deals to show stock performance and GDP comps

The world of Mergers and Acquisitions can be fascinating, when it grabs financial headlines to broadcast the latest corporate “marriage” or at least the potential of one, barring any mishap with regulators and government officials that worry about anti-trust implications. Many of these mega-deals, just like many other relationships, can also end in “divorce”, hopefully,…

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