Global clearing house group LCH just announced that Deutsche Bank has gone live to offer client clearing via CDSClear. Deutsche Bank is the first German bank to offer this service. MEAG and Union Investment are the first clients to connect to CDSClear via Deutsche Bank. Frank Soussan, Global Head of CDSClear, said: We’re delighted that…
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Data management and analytics company OneMarketData has just announced that it has teamed up with the APAC multi-asset prime brokerage firm Invast Global. The brokerage has selected OneTick Surveillance to be hosted and fully managed by OneMarketData and can now ensure that all trades carried out globally are protected and monitored appropriately as part of an…
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UK-headquartered global financial technology company TigerWit has just announced that it has formed a strategic partnership with ClearBank, choosing it for its new 'Banking as a Service' offering. The news is an interesting tie up between two fintechs and another example of new challenger banks usurping the bigger more established ones. TigerWit’s customers will now…
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eToro, the Israel-based trading and investment platform, just weeks after launching its services in the United States, announced that it will purchase the smart contracts provider, Firmo for an undisclosed price. Through this purchase, eToro hops to grow the tokenized financial assets on its own platform. In particular, eToro was most interested in the technical…
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Leading Swiss online banking and brokerage firm Swissquote Group Holding SA (SWX:SQN) announced that it has completed the acquisition of Internaxx Bank in Luxembourg after receiving regulatory approval from the European Central Bank and the CSSF (Commission de Surveillance du Secteur Financier) in Luxembourg. The €27.7 million purchase price includes goodwill of approximately 25% and is being…
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Canada’s alternative asset management company Integrated Asset Management Corp. (IAM) (TSX:IAM) has announced earlier that it has entered into a definitive arrangement agreement with Fiera Capital Corporation (TSX:FSZ) last week. According to the agreement, Fiera Capital will acquire all of the outstanding common shares of IAM. Transaction Highlights: Total consideration to IAM shareholders of $74…
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The Australia and New Zealand Banking Group Limited (ANZ) has announced on Friday (March 22) that it has completed its $3 billion on-market share buy-back with 108.7 million ordinary shares purchased under the program that commenced in January 2018. This equates to approximately a 3.7% reduction in ordinary shares on issue. ANZ Chief Financial Officer…
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Germany intends to pass laws for the creation of a government-owned fund that would protect vital German companies from being acquired by foreign companies (especially Chinese ones), by end of 2019, according to Reuters. This is a major departure from the government’s “laid-back” approach towards business. Peter Altmaier, the Economy Minister first suggested the creation…
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UK online trading leader IG Group Holdings plc (LON:IGG) just released an update regarding the Group’s revenues for the three months ending 28 February 2019 - the company’s third quarter of fiscal year 2019 (Q3 FY19). Revenue for Q3 fiscal 2019 This was the second quarter in which the new ESMA regulations prohibiting the sale…
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FCA regulated institutional FX and CFDs broker, Global Market Index Ltd (GMI UK) has just announced that it has partnered with Takeprofit Technology to distribute FX, CFD and Crypto liquidity to mutual partners. GMI UK have been committed to growing their Institutional business, partnering with a number of tech vendors such as Gold-I and One…
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