If the shareholders turn down the consortium’s offer, the lengthy evaluation and regulatory approval process would have to be repeated, putting Finalto in uncertainty for many months. The consortium also reminded that according to the terms of the Sale and Purchase Agreement, in such a case “Playtech will be required to pay the Consortium a…
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The company also underwent a compliance readiness assessment based on the Association of Banks in Singapore (ABS) Guidelines for Outsourced Service Provider Audit Report (OSPAR) by PwC. This audit report is the framework that external auditors use to validate the service provider’s controls against the criteria stated in the guidelines of the association. The readiness…
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Paul Ainsworth added: I am delighted to be joining LMAX Group at an exciting time as the company continues to grow at a rapid pace across all business lines. I look forward to playing a key role in driving the US institutional business forward and increasing our market share in the region. Ainsworth joins LMAX…
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This is a significant drop from the highest trading volumes that were hit during March. The peak brought in a total volume of $170.5 billion with a daily average of $7.4 billion. Since then, there has been a fall every month, with April showing a total of $124.2 billion and a daily average of $5.6…
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Valeria Ceccarelli, the Head of Primary Markets at SIX Swiss Exchange, commented: SMEs in Switzerland – as in many countries – are a powerful economic engine. Our challenge has been to ensure that we can offer entrepreneurs a platform that can help them efficiently access capital. SIX has been spending a lot of time working…
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OIL Oil markets traded lower on Thursday, mirroring the global trend as investors lack short to mid-term clarity. Traders desperately need further clues on where production levels are heading following the breakdown in talks inside the OPEC+ alliance. As uncertainty grows, traders prefer to reduce their exposure to oil and turn to safe havens like…
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The statement said: Gopher is an investment vehicle backed by investors with experience in gaming and financials, and is an affiliate of TT Bond Partners (TTB). TTB, through its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher on this transaction, is an investment and advisory firm based in Hong Kong, whose founders…
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Prime XM Data Centre in London LD4 registered $806.32 billion in notional value. The Data Centre NY4 has preserved second place from TY3 with $ 141.76 billion in monthly trading volume. XAUUSD remains consistent as the most popular instrument of PrimeXM's traders for the past few months, with a total trading volume of $317.27 billion…
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Paolo Ardoino, CTO at Bitfinex, said: Bitfinex has time and time again stood out during episodes of extreme volatility as an exchange able to maintain an impeccable performance regardless of market conditions. This latest upgrade to the Bitfinex matching engine consolidates the exchange’s position as the pre-eminent platform in the digital token space. Rather than…
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Mette Ingeman Pedersen commented: I am both proud and very excited to be joining Saxo Bank. The ambitions are high and so is the passion – and I am very much looking forward to meeting Saxonians across teams and departments and do my part to further bring Saxo Bank’s mission to life on the ambitious…
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