Deutsche Börse’s SimCorp and Clearstream Launch Strategic Partnership LeapRate

May 23, 2025 BY Sam Boughedda

Deutsche Börse’s SimCorp and Clearstream Launch Strategic Partnership

The collaboration aims to provide buy-side firms with access to a broader range of services and enhanced operational efficiency. The first live product of the partnership is a fund data management service delivered through Clearstream’s Kneip platform. This is said to allow SimCorp clients to outsource the dissemination of fund data, documents and regulatory reporting,…

April 02, 2025 BY Sam Boughedda

BGC Group Completes OTC Global Holdings Acquisition

The deal is expected to be immediately accretive, with OTC generating over $400 million in revenue in 2024, representing an acquisition multiple of less than 0.8 times revenue. "The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world's premier energy, commodities, and shipping broker," said Sean…

March 27, 2025 BY Sam Boughedda

Trump’s New Tariffs Shake Markets: What Traders Need to Know

Wall Street rebounds, but sentiment stays fragile The S&P 500 bounced nearly 2% on Monday as traders bet the White House might ease back on the scope of new tariffs. That optimism spilled over to Asia, where the Hang Seng and Nikkei saw modest gains. However, this rebound came amid falling US consumer confidence, with…

March 21, 2025 BY Leaprate Staff

Markets are trying to find the direction after the FED’s week

The rotation in stock markets has started to happen - Hang Seng and Dax indices have tumbled from previously achieved peaks, getting in sync with overall bearish trends of S&P 500 and Nasdaq. Tariffs remain to be the most threatening factor for global markets weighing on sentiment. CNN’s Fear and greed index remains to indicate…

November 28, 2024 BY Leaprate Staff

ACY Securities Welcomes Phil Kim as Director of Institutional Sales, Asia, at ACY Connect

In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…

October 08, 2024 BY Leaprate Staff

ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings

The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group's commitment to enhance its trading infrastructure which is evidenced by previous milestones. These initiatives have positioned ATFX as a leading player in the industry, providing clients with cutting-edge trading solutions and improved market access. “Investing in Spark Systems aligns with our strategic vision…

Paramount Share Price Falls as Buyout Still to Be Decided

September 04, 2024 BY Sam Boughedda

Alpha Group Revenue, Profits Rise in H1 Despite Challenging Market

The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…

September 03, 2024 BY PureContent

Weekly data: Oil and Gold: Price review for the week ahead

The most important economic data for this week are: US manufacturing PMI, BoC interest rate decision, US services PMI, US job report Tuesday: US manufacturing PMI at 14:00 GMT. The consensus is for an increase from 46.8 to 47.8 points. Even though the expectations are for an improved image of the manufacturing sector in the…

August 23, 2024 BY Elizabeth Anderson

WeRide Delays Its Intended US IPO

The firm was expected to put up 6.5 million American depository shares (ADS) valued at between $15.50 and $18.50, and aimed to raise an estimated $440m with its US IPO. The listing deadline was set for the week ending 23 August 2024. In a Thursday 22 August 2024 statement, WeRide said: Updating transaction documents is…

August 23, 2024 BY Robert Bell

McDonald’s Hacked In Crypto Scam

Posts began to appear on Wednesday 21 August, with the five million followers of McDonald’s on Instagram seeing the grimace memecoin promoted. This token is based on the Solana blockchain and its market value began to rise, apparently due to the hacked account. The value of grimace began to climb until its market cap reached…

Category: Market News