Category: Institutional

Playtech
February 22, 2022 BY Steffy Bogdanova

Playtech CEO Mor Weizer wants to join TTB Investor Group bid

Acquisition bids The London-listed gaming software company had previously received a £2.7 billion takeover bid from Aristocrat Leisure which fell short of the minimum of 75% votes needed for approval. Two other companies have also expressed interest in Playtech acquisition. Gopher, who recently bought Playtech’s financial division Finalto in a $250 million deal, and JKO…

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February 21, 2022 BY Steffy Bogdanova

Spectrum Markets adds Intermonte as a member

Intermonte offers brokerage services, investment banking, its business covers global markets, and advisory & digital channels. The investment bank serves Italian SMEs and domestic and international institutional investors. Its digital channel provides a range of services for consultancy to retail clients and financial advisors. Gianluca Parenti, Head of Digital Division & Advisory at Intermonte said:…

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February 17, 2022 BY Steffy Bogdanova

BidX Markets and Solid build strategic partnership

Diego Baptista, Director at Solid commented: We are delighted to be working with Simon Blackledge, CEO and Founder of BidX Markets and his entire team that is quickly expanding. This strategic partnership and the investment we have made into one of the up-and-coming trading solutions providers will open new opportunities for both firms within the…

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Appital
February 03, 2022 BY Steffy Bogdanova

Appital adds Bernstein as execution broker

Mark Badyra, CEO Appital, commented: We have been working with Bernstein to develop the platform from the early development phase. Asset managers told us they would like to use Bernstein to execute this type of flow because of their independent market position and strong research focus. Our collaboration gives our shared client base the functionality…

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Playtech
February 02, 2022 BY Steffy Bogdanova

Playtech shareholder vote does not approve Aristocrat's £2.7 billion bid

Acquisition bids falling through Australian gambling equipment maker, Aristocrat, had made an acquisition offer for Playtech stocks at 680 pence apiece last October. Two other companies also showed interest in Playtech, JKO and Gopher, but they ultimately pulled out of the race. The Hong Kong-based company Gopher recently bought Playtech’s financial division Finalto in a…

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Nomura
February 01, 2022 BY Steffy Bogdanova

Nomura reports 13% fall in Q3 net revenue

Growth Investment Banking, however, registered yearly increase during the third quarter attributed to the growth in capital light businesses such as advisory and origination. Kentaro Okuda added: Investment Banking had its best quarter since the year ended March 2017 when comparisons became possible, driven by cross-border M&A deals, sustainable finance mandates and synergies with Nomura…

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Appital
January 28, 2022 BY Steffy Bogdanova

Instinet joins Appital Bookbuilding Platform as its first executing broker

Additionally, Appital’s partnership with Turquoise allows buy-side firms access to over 20 settlement venues via a single point of access and with seamless straight-through-processing (STP). Mark Badyra, CEO of Appital, said: What we set out to do with Appital is provide unique, electronic price formation capabilities of illiquid equity positions to enable execution with minimal…

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January 27, 2022 BY Steffy Bogdanova

Swiss bank UBS expands presence in US through acquisition of Wealthfront

Ralph Hamers, Group Chief Executive Officer of UBS, said: Adding Wealthfront’s capabilities and client base to our global investment ecosystem will significantly boost our ability to grow our business in the US. Wealthfront complements our core business in the US providing wealth management to high net worth and high net worth investors through trusted relationships…

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Bitbuy selects Eventus
January 27, 2022 BY Steffy Bogdanova

First Canadian crypto trading platform regulated as marketplace, Bitbuy, selects Eventus for trade surveillance

Earlier last year, Canadian regulators introduced a new regulatory framework that requires cryptocurrency trading platforms that run a marketplace to surveil participants within their markets. Using Validus expands Bitbuy’s capabilities to fulfill these requirements. It also provides the necessary infrastructure to accommodate future growth. Michael Arbus, Bitbuy CEO, said: When we reviewed the Eventus solution,…

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