Category: Institutional

IG Group
December 01, 2021 BY Steffy Bogdanova

IG Group to sell Nadex and Small Exchange for $216 million

June Felix, CEO, IG Group, commented: We’re really excited by this deal, as it delivers a significant return on the previous investments made in Nadex and Small Exchange and enables additional investment across all our businesses. This deal also allows us to further sharpen our focus on integrating and expanding the US options and futures…

Read more
B2Broker updates B2Core
November 26, 2021 BY Steffy Bogdanova

B2Broker adds new features to its B2Core system in new update

B2Broker said in the official statement: SumSub MobileSDK integration provides advanced and highly customizable Know Your Customer (KYC) procedures that enable business owners to avoid legal department costs. SumSub MobileSDK integration takes care of KYC procedures as it is done automatically,” B2Broker commented in the announcement. Moreover, the company has made registration, pass KYC, deposit,…

Read more
Monex Group
November 26, 2021 BY Steffy Bogdanova

Monex Group finalises acquisition of Viling

The official announcement said: With STEAM education, Viling nurtures problem-solving skills through the use of technology and other means to develop human resources who can play an active role in the new ‘Society 5.0’. We believe Viling, with its global standard educational theories and its philosophy and passion for social contribution, is the best partner…

Read more
CLS
November 26, 2021 BY Steffy Bogdanova

CLS October ADV up 9% YoY

CLS offers forex products divided into forward, swap and spot. The ADV of FX forwards went slightly down in October. It stood a $102 billion last month, slightly lower that the $114, seen in September 2021 and the $ 117 CLS registered in October 2020. FX swaps ADV reached $1.319 trillion last month, 10% up…

Read more
November 24, 2021 BY Steffy Bogdanova

NeoXam expands partnership with Refinitiv

NeoXam DataHub will enable asset managers and market participants to connect to new data sources faster and cheaper compared to legacy data management or in-house solutions. The solution addresses the challenges that come with aggregating and managing vast amounts of reference and market data in order to accurately manage and report financial positions. Philipp Sfeir,…

Read more
Acquisition
November 23, 2021 BY Steffy Bogdanova

United Fintech acquires trading analytics firm FairXchange

Frahm noted that the acquisition will not impact FairXchange clients and employees’ everyday business. The trading analytics firm fits with United Fintech’s strategy of acquiring Capital Markets software products ready for scaling and global roll-out on its platform. United Fintech aims to help big banks and financial institutions accelerate the implementation of digital technology. Guy…

Read more
Acquisition
November 22, 2021 BY Steffy Bogdanova

smartTrade acquires Canadian technology firm TickTrade

David Vincent, Chief Executive Officer & Co-Founder at smartTrade Group, said: For both smartTrade and TickTrade customers, the combination is extremely compelling. It brings two industry-leading technologies together – one complementing the other, creating a unique breadth and depth of product capabilities. Baha Ohcebol, Co-Founder of TickTrade, commented: This is great news for TickTrade customers.…

Read more
Playtech
November 19, 2021 BY Steffy Bogdanova

Gopher withdraws from the acquisition race for Playtech

The official statement said: Today's announcement has no bearing on Gopher's agreement to acquire Playtech's financial trading division, Finalto. Gopher remains fully committed to the acquisition. The process is ongoing and is expected to complete in H1 2022. Yesterday Playtech revealed that JKO Play Limited is also shown interest and has inquired about due diligence…

Read more