Category: Institutional

Virtu Financial
September 20, 2018 BY Valentina Kirilova

Virtu completes KCG acquisition term loan repricing and prepayment

Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has announced the completion of a repricing transaction of its 1st Lien Secured Term Loan (the “Term Loan”) along with a principal prepayment of $74 million. Following the prepayment and the amendment, the total balance of the Term Loan…

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CLS Group trading volumes
September 19, 2018 BY Valentina Kirilova

CLS Group releases steady volumes report in August

Just one day after announcing that Chief Executive Officer David Puth has decided to step down after leading the company since 2012, CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of August 2018. The average daily traded volume submitted to…

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Thomson Reuters teams up with Seabury TFX to create new trade finance marketplace in Asia
September 18, 2018 BY Valentina Kirilova

Thomson Reuters teams up with Seabury TFX to create new trade finance marketplace in Asia

Information giant Thomson Reuters (NYSE:TRI) has announced that it has partnered with specialist firm Seabury TFX to develop a new marketplace for trade finance in Asia. ‘Receivables Board’ is now available through Thomson Reuters Eikon App Studio platform to facilitate the trading of Trade Receivables. The new application provides trade finance solutions for institutional investors…

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September 17, 2018 BY Valentina Kirilova

Redburn implements Itiviti’s pre-trade risk framework

Itiviti, the  global provider of multi-asset trading technology and financial infrastructure, has announced that independent equities broker Redburn has successfully implemented UL Bridge, Itiviti’s modular and scalable connectivity and order routing platform, together with UL Iris, a comprehensive pre-trade risk management solution. Redburn now has a connectivity solution that augments its Order Management System (OMS) and…

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INTL FCStone Markets launches new OTC interest rates swap products
September 17, 2018 BY Valentina Kirilova

INTL FCStone Markets launches new OTC interest rates swap products

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that its Chicago-based subsidiary, INTL FCStone Markets, LLC (the Company), has expanded its OTC interest rates swap dealing capabilities to include cap and floor options on the London Interbank Offered Rate (LIBOR) with tenors out to 10 years. The launch of these new products expands and…

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New Broadridge portal automates and transforms the MBS Trade Assignment Process
September 14, 2018 BY Valentina Kirilova

Financial services turn to FinTech partnerships for next wave of investment

Financial services companies are prioritizing collaboration and direct engagement with FinTechs, particularly for payments technology, according to a new report by law firm DLA Piper - Digital Transformation in Financial Services. 61% OF FINANCIAL SERVICES BUSINESSES PLAN TO COLLABORATE WITH FINTECHS TO IMPROVE SERVICES 41% PRIORITIZING INVESTMENT IN PAYMENTS TECHNOLOGY APIs AND OPEN BANKING MOST…

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Paxful launches wallet app, releases a series of educational workshops in Africa
September 14, 2018 BY Valentina Kirilova

Block Commodities launches ecosystem pilot project in Uganda

Block Commodities Limited (NEX: BLCC), the commodity trader operating in Africa, has announced a strategic partnership with Pure Grow Africa Limited (Pure Grow), a supplier of high-quality agricultural produce based in Uganda. Block and Pure Grow will be working together in connection with the first pilot of a food project commodity cycle ecosystem (Pilot Ecosystem…

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CubeLogic establishes Scandinavian office
September 13, 2018 BY Valentina Kirilova

CubeLogic establishes Scandinavian office in Copenhagen

CubeLogic, the business intelligence enabled risk management solutions firm, has announced the opening of a new office in Copenhagen, Denmark. The Scandinavian office will enable the firm to support its expanding European client base and capitalise on new opportunities. Headquartered in London, CubeLogic now has a physical presence in five key global business centres and…

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SDL and Alibaba Cloud team up to help brands develop across Asia
September 13, 2018 BY Valentina Kirilova

SDL and Alibaba Cloud team up to help brands develop across Asia

SDL (LSE: SDL), a global content management, translation and digital experience firm, has announced a strategic partnership with Alibaba Cloud, the cloud computing arm of Alibaba Group (NYSE:BABA), to launch a co-developed solution designed to help global brands launch and grow their digital business across the China and Asia markets. China, which represents the globe’s…

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NEX Regulatory Reporting launches Australian regulatory derivative reporting solution
September 13, 2018 BY Valentina Kirilova

NEX Regulatory Reporting launches Australian regulatory derivative reporting solution

NEX Regulatory Reporting, a NEX Group (LON:NXG) business which provides regulatory reporting services across global regimes, has announced today that it has launched a new solution for derivatives transaction and position reporting under ASIC’s (Australian Securities and Investments Commission) OTC derivatives trade reporting requirements. The ASIC solution expands NEX Regulatory Reporting’s global reporting coverage and…

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