Category: Institutional

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March 26, 2019 BY Valentina Kirilova

Swissquote completes acquisition of Internaxx Bank SA

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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acquisition
March 26, 2019 BY Valentina Kirilova

Fiera Capital acquires Integrated Asset Management Corp.

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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ANZ ends its $3 billion share buy-back program
March 25, 2019 BY Valentina Kirilova

ANZ ends its $3 billion share buy-back program

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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The German economy is coming back from the brink
March 21, 2019 BY Valentina Kirilova

Germany to create state fund for preventing unwanted foreign takeovers

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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IG Group office
March 21, 2019 BY Valentina Kirilova

IG Group Holdings releases Q3 revenue update

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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March 21, 2019 BY Valentina Kirilova

GMI UK teams up with Takeprofit Technology

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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BDSwiss Group opens new offices in the Philippines
March 20, 2019 BY Valentina Kirilova

BDSwiss Group opens new offices in the Philippines

BDSwiss Group has announced, during its 6th annual kick-off meeting, its expansion plans for 2019 and the opening of new offices in the Philippines. The BDSwiss Group has seen a 136.67% growth in trading volume during 2018, compared to 2017 according to data presented. There also was a substantial increase of 210.05% in the total…

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acquisition
March 19, 2019 BY Valentina Kirilova

INTL FCStone acquires the futures and options brokerage and clearing business of UOB Bullion and Futures Limited

INTL FCStone Inc. (NASDAQ: INTL) just informed that its Singaporean subsidiary INTL FCStone Pte Ltd (IFP) is about to acquire the futures and options brokerage and clearing business of UOB Bullion and Futures Limited, a subsidiary of United Overseas Bank Limited. Greg Kallinikos, Deputy CEO, Asia, commented on the acquisition: Adding such a well-established, Asian-focused…

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FXTM analyzed 70 M&A deals to show stock performance and GDP comps
March 18, 2019 BY Valentina Kirilova

Commerzbank and Deutsche Bank start official merger talks

Deutsche Bank and Commerzbank revealed on Sunday that they were in merger talks, which confirmed the rumors that had circulated hinting at the merger. The announcement did not come as a surprise given the manner in which Deutsche Bank has struggled since the 2008 financial crisis. However, the announcement triggered concerns by labor unions about the likelihood that…

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