Category: Institutional

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.…

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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…

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November 19, 2021 BY Steffy Bogdanova

Oval finalises integration with ETX Capital

In its official announcement, Oval said that the two companies’ brands will become one. The UK-based fintech firm will focus on technological innovation. Oval is currently working to strengthen its team in order to reach its goals, looking for new skilled recruitments to advance the company’s development. Claudio Bedino, CMO of Oval, commented: New features…

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Playtech
November 18, 2021 BY Steffy Bogdanova

Playtech confirms JKO's acquisition interest

JKO’s interest follows a £2.7 billion acquisition offer made by Australian gambling equipment maker, Aristocrat Leisure. Gopher Investments, the largest Playtech shareholder that recently bought Finalto, also made an offer to acquire Playtech. JKO is currently in discussions with Centerbridge Partners L.P and others for the provision of capital funding for the acquisition of Playtech.…

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November 17, 2021 BY Steffy Bogdanova

GMEX releases trading and post-trade infrastructure platform Digital MultiHub

Among the partners and customers of the platform, GMEX has named Trustology, GCEX, SECDEX Group and Arabian Bourse. GMEX Group CEO, Hirander Misra commented: MultiHub is a unique multi-asset network of networks service that enables cross-venue, cross-participant trading, clearing and settlement of both traditional and digital assets with a single point of connectivity for both…

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Acquisition
November 15, 2021 BY Steffy Bogdanova

US DoJ requires IHS Markit to divest business to proceed with S&P Global merger

Acting Assistant Attorney General Richard A. Powers of the Justice Department’s Antitrust Division, said: Without these significant divestitures, the proposed merger would have led to higher prices and lower quality for PRA customers throughout the United States. The divestitures will preserve competition for PRA services, which are vital to the proper functioning of commodity markets…

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BidX Markets
November 11, 2021 BY Steffy Bogdanova

BidX Markets launches today

BidX Markets boasted a list of broker clients and technology partners at launch, which includes Beeks Financial Cloud, Your Bourse, and Gold-i. Simon Blackledge, Founder and Chief Executive Officer for BidX Markets commented: We are very excited to announce the official launch of BidX Markets. BidX has created an industry leading Tier 1 liquidity product…

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November 10, 2021 BY Steffy Bogdanova

StoneX teams up with Asaka Bank to make Uzbekistani Som available on its payment platform

Thiago Vieira, Senior Vice President of StoneX’s Global Payments Division in Asia/Pacific, said: We are extremely pleased to embark on this expansion with our esteemed counterparts at Asaka Bank. Our proprietary suite of payment technology and our effective management of the ever-evolving settlement network upon which it sits are among the key strengths that drive…

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