Swiss bank UBS expands presence in US through acquisition of Wealthfront LeapRate

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…

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,…

January 21, 2022 BY Steffy Bogdanova

JKO withdraws acquisition offer for Playtech

Aristocrat Offer The Board of Directors of Playtech unanimously recommends that the shareholders vote in favour or Aristocrat Leisure’s offer. Playtech’s Court and General Meetings, where the shareholders can vote on the acquisition offer and on the Playtech Resolutions will be held on 2 February 2022. Playtech’s BoD has shared concerns that it still seeking…

January 17, 2022 BY Steffy Bogdanova

LCH reports record clearing volumes in 2021

LCH services continued to support transitional to risk-free rates (RFRs) during the past year. SwapClear, LCH’s interest rates derivatives clearing service, converted more than $35 trillion of a notional in the fourth quarter of 2021. SwapAgent saw 10,186 trades in 2021, which represents a 489% year-on-year increase. RepoClear processed €195 trillion of nominal across 9.4…

January 13, 2022 BY Steffy Bogdanova

Coinbase acquires derivatives exchange FairX

Coinbase confirmed its plans to offer crypto derivatives and make the derivatives market more approachable for its retail customers. The official announcement said: Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Following its announcement, Coinbase explained in a tweet that adding derivatives trading to its…

January 13, 2022 BY Steffy Bogdanova

Tradovate acquired by NinjaTrader in a $115 million deal

Tradovate founder Rick Tomsic Following the acquisition, NinjaTrader’s Executive Team will welcome Tomsic as its Chief Strategy Officer. He will play a key role in developing the strategy for continued transformation of the futures industry. Tomsic will also serve on NinjaTrader’s Board of Directors. Martin Franchi, CEO of NinjaTrader Group, LLC, commented: NinjaTrader’s and Tradovate’s…

January 12, 2022 BY Steffy Bogdanova

FIA Tech opens a new office in UK

Ten leading clearing firms invested $44 million in FIA Tech in2021 to fund the strategic growth of the company. The company has been investing in the further development of its existing products and in new solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech announced plans to strengthen its positions…

January 12, 2022 BY Steffy Bogdanova

Swissquote announces acquisition of Keytrade Bank Luxembourg

Marc Bürki, CEO of Swissquote, said: With the acquisition of Keytrade Bank Luxembourg we will strengthen our European expansion. Moreover, we will continue to develop our service offering to suit the needs of institutional as well as private clients in Luxembourg and the European Union. We will bring together the strengths of both institutions –…

December 28, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit to sell Base Chemicals and CUSIP Businesses

Douglas L. Peterson, President and Chief Executive Officer of S&P Global said: The two divestures we have announced today represent an important milestone in our progress toward satisfying the required regulatory conditions to complete our merger with IHS Markit. With these agreements in place, we are well positioned to dedicate our full attention to our…

December 20, 2021 BY Steffy Bogdanova

BNP Paribas sells Bank of the West to BMO for $16.3 billion

Jean-Laurent Bonnafé, BNP Paribas Group Director and Chief Executive Officer, commented: This is a value accretive transaction for all sides, which emphasizes the quality of Bank of the West franchise. In the name of BNP Paribas, I would like to deeply thank all Bank of the West teams for their achievements and contributions for the…

Category: Institutional