Category: Institutional

July 23, 2021 BY Steffy Bogdanova

European Union approves CME Group and IHS Markit’s joint venture

The statement said: The proposed transaction is largely complementary, and results in a few technically overlapping areas between the companies’ activities relating to trade processing products. The new joint venture will provide trade processing and risk mitigation services for global OTC markets across interest rate, FX, equity and credit asset classes. Business information provider S&P…

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acquisition
July 23, 2021 BY Steffy Bogdanova

Singapore Exchange acquires MaxxTrader in a $125 million deal

Manish Kedia, designated Chief Executive Officer, MaxxTrader, said: We share SGX’s FX vision to offer buy-side and sell-side clients a wide range of FX products and liquidity across OTC and futures globally. With SGX’s strong focus and investments in FX, we expect to accelerate innovation and deliver exciting new solutions for both our clients and…

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saxo bank revenues
July 20, 2021 BY Steffy Bogdanova

Saxo Bank teams up with Thoughtworks to leverage business data

The data governance solution, developed during the course of the digital partnership, enabled teams and decentralized decision making. As a result, Saxo has been able to move their open banking objective ahead and to improve upon it. Graham Stirling, Head of Data Platforms at Saxo Bank, said: Saxo have been on the journey towards a…

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Acquisition
July 20, 2021 BY Alan Sayer

Plus500 finalises acquisition of Cunningham Commodities

This latest acquisition is a continuation of Plus500’s strategy of acquiring companies to expand its geographical reach. This is a two-part process that the company carries out as it invests internally in its products and acquires companies that allow access into new markets. David Zruia, CEO of Plus500, had this to say: With a combination…

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Broadridge Financial Solutions
July 19, 2021 BY Steffy Bogdanova

Broadridge Financial Solutions partners with OpenFin

Mazy Dar, CEO of OpenFin, commented: We’re excited to be a strategic partner with Broadridge, helping clients accelerate and adapt to advanced digital workspace solutions. Providing an adaptable interface customizable to user preferences will help c’s clients boost productivity and simplify the investment management process. OpenFin’s operating system enables traders and portfolio managers to manager…

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Euroclear reports operating income increase of 7% in H1 2021
July 19, 2021 BY Steffy Bogdanova

Euroclear reports operating income increase of 7% in H1 2021

Lieve Mostrey, Chief Executive Officer at Euroclear, commented: I am pleased to report that Euroclear achieved a record business performance in the first half of 2021. Our consistent strategy has delivered a growing financial performance, despite a business environment that remains uncertain. By continuing to invest in our people and technology, we are supporting clients…

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LMAX Group
July 15, 2021 BY Steffy Bogdanova

J.C. Flowers & Co buys 30% stake in LMAX Group

David Mercer, CEO, LMAX Group, commented: This is a significant milestone in the evolution of LMAX Group that vindicates our industry-leading business model and the role we have to play in the foreign exchange and crypto currency markets of the future. Not only have we identified a like-minded partner in J.C. Flowers who understands global…

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Acquisition
July 13, 2021 BY Alan Sayer

Bambu adds to its portfolio with the acquisition of Tradesocio

As Bambu currently provides cloud-based robo advisors to traders, the acquisition will allow them to bring this service to a greater range of customers. Tradesocio already has its own clients in place, offering Bambu the opportunity to instantly get access to a much larger client base. The digital wealth market is one of the fastest-growing…

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