In 2020 BMO, which has total assets of $1.04 trillion, opened up the possibility of obtaining a securities license in Japan by establishing a Tokyo Representative office. Rob Yeung, Country Head of International & Head of Global Equities and Financing Solutions at BMO Capital Markets, said the firm is "excited" about its growth potential in…
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Ian Lowitt, CEO of Marex Group, commented: We are delighted to welcome the ED&F Man Capital Markets team to Marex. The business is an excellent fit with our existing capabilities, and I am excited by the opportunity of working across the significantly strengthened and expanded global footprint. Marex is gaining a high-quality global team. Jade…
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The company noted that the cash on the balance sheet has increased by €72 billion YoY as blocked coupon payments and redemptions accumulate. Euroclear also earned €110 million as interest income from frozen Russian assets in the first half of the year. Lieve Mostrey, Chief Executive Officer, said: We delivered a strong performance across the…
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Morgan Tillbrook, the Chief Executive Officer of Alpha FX, said: I'm pleased to report on a strong period of trading for the Group, with strong growth across both our divisions. Following the decentralization of our divisions, we have never been more confident in their significant standalone potential. The enhanced focus is enabling each division to…
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Marc Bailey, Chief Executive Officer at Sucden Financial, said: We are delighted to have completed this transaction and welcome the team of skilled traders and IT professionals to Sucden Financial. They will add a new interest rates and bonds capability and complement our existing LME and FX options coverage. Under the acquisition deal, four staff…
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According to the international central securities depository (ICSD), the enforcement of the Settlement Discipline Regime (SDR) has made the tools necessary as failed settlement transactions result in financial penalties, operational overheads and reputational damage Clearstream also noted that the interactive visualisation on the new Settlement Dashboard tool provides clients with multiple views, including a view…
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Vijay Mayadas, President of Capital Markets at Broadridge, added: Société Générale is an innovator in capital markets, and we’re excited to welcome them onto to this award winning DLR platform. Broadridge continues to drive the transformation of repo market infrastructure with the distributed ledger technology repo platform via the utilization of smart contracts to digitize…
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The Kremlin has repeatedly pushed back against the default saying there is no grounds for it. However, the country is unable to send money to bondholders because of the western sanctions. Meanwhile, Reuters reported that some Taiwanese holders of Russian bonds denominated in euros had not received interest payments. Euroclear has not confirmed if the…
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The FX Link average daily volume (ADV) tripled in June 2022, registering 43,000 contracts being traded every day, compared to nearly 15,000 contracts in June last year. Paul Houston, CME Group’s Global Head of FX Products, said: This milestone reflects growing adoption of FX Link as a tool to manage risk. As the world's first…
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TTB Partners can now confirm its intensions to acquire Playtech by 15 July, 5pm. However, the deadline can be further extended if the Panel deems it necessary. TTB Partners initially approached Playtech on behalf of an investor group with a possible acquisition offer in February. The move followed Playtech shareholder vote rejecting the $3.7 billion…
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