Category: Institutional

acquisition
October 24, 2018 BY Valentina Kirilova

Thomson Reuters to acquire Integration Point

Information giant Thomson Reuters (NYSE:TRI) has announced that it has signed a definitive agreement to acquire Integration Point, a global trade management (GTM) operations company. The completion of the acquisition is subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed. Recent debate over trade agreements like TPP, the United…

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Can distributed ledger technology enable equity settlement?
October 23, 2018 BY Valentina Kirilova

Can distributed ledger technology enable equity settlement?

Payments Canada, the Bank of Canada, TMX Group (TSX:X), Accenture (NYSE: ACN) and R3 have published a report demonstrating the feasibility of clearing and settlement of securities using distributed ledger technology (DLT). The findings are a result of the third phase of Project Jasper, a collaborative research initiative between Payments Canada, the Bank of Canada and…

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TradingScreen expands its strategic collaboration with ITG
October 23, 2018 BY Valentina Kirilova

TradingScreen expands its strategic collaboration with ITG

TradingScreen Inc. (TS), the all-asset class order and execution management system (OEMS), has just announced an expansion of its strategic collaboration with ITG. TS customers will now benefit from access to ITG’s POSIT Alert, a source of block liquidity for institutional investors. POSIT Alert averages daily liquidity of over $80 billion across 38 markets worldwide.…

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Stax Inc. teams up with Coleman Research
October 23, 2018 BY Valentina Kirilova

FSB reviews financial vulnerabilities and deliverables for G20 summit

The Financial Stability Board (FSB) Plenary met in Ottawa today. Market developments and vulnerabilities The Plenary discussed market developments and vulnerabilities in the global financial system. Members considered that, while global growth remained solid, it has become more uneven across economies, and some downside risks have begun to materialise. Increases in policy interest rates and…

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Fiserv and the Co-operative Bank expand relationship in readiness for open banking
October 22, 2018 BY Valentina Kirilova

Fiserv and the Co-operative Bank expand relationship in readiness for open banking

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, has announced a newly expanded agreement with The Co-operative Bank to provide more flexibility for customers to choose how they conduct their everyday banking in relation to the European Union’s Second Payment Services Directive (PSD2). The bank will implement FinKit™ for Open Banking…

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Monex teams up with Shizuoka Bank to launch financial instruments intermediary services
October 19, 2018 BY Valentina Kirilova

Monex teams up with Shizuoka Bank to launch financial instruments intermediary services

Monex, Inc. has announced that it has signed a financial instruments intermediary service agreement with The Shizuoka Bank, Ltd. (Shizuoka City, Shizuoka Prefecture; Hisashi Shibata, President) and will begin offering the bank’s customers financial products and services, including domestic equities, as of Friday, October 19, 2018. Shizuoka Bank, which has entered into a capital and…

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acquisition
October 19, 2018 BY Valentina Kirilova

MUFG Union Bank to acquire Intrepid Investment Bankers

MUFG Union Bank, N.A. has announced it has signed a definitive agreement to acquire Intrepid Investment Bankers, a Los Angeles-based regional middle market investment banking firm. Following the close of the transaction, which is subject to regulatory approval and other customary closing conditions, Intrepid Investment Bankers will operate under its current name as a subsidiary…

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CLS Group trading volumes
October 18, 2018 BY Valentina Kirilova

CLS Group's trading volumes up 8% MoM in September

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of September 2018. The average daily traded volume submitted to CLS was USD 1.729 trillion up 7.7 percent from USD1.605 trillion in August 2018. Last month the company announced that Chief Executive…

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hkex
October 18, 2018 BY Valentina Kirilova

Solactive opens a new Hong Kong office

German Index provider Solactive AG has just announced that, in addition to the successful establishment of its Toronto office in January 2018, the company has now set up its second international business entity in Hong Kong. The new office houses a dedicated team of professionals who provides customized indexing solutions for ETFs and other index-linked…

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DTCC - new additions to the Board
October 17, 2018 BY Valentina Kirilova

DLT can support trading volumes in the US equity markets: DTCC

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, has announced the results of a benchmark study which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100…

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