ESMA seeks stakeholder feedback on CCP recovery regime LeapRate

July 13, 2021 BY Steffy Bogdanova

ESMA seeks stakeholder feedback on CCP recovery regime

Klaus Löber, Chair of the CCP Supervisory Committee, said: The launch of ESMA’s public consultations, on the implementation of the CCP recovery mandates, is the first step to ensuring consistency of EU central counterparties recovery regimes at EU level in line with the highest international standards. The proposed Regulatory Technical Standards and Guidelines complement the…

July 09, 2021 BY Steffy Bogdanova

Playtech postpones shareholder vote on Finalto’s sale

In May Playtech and the consortium signed a binding deal for the sale of Finalto for $210 million after a lengthy and complicated approval process. Playtech said in its latest statement: Playtech and the Consortium are bound by the restrictions agreed as part of the SPA, which includes not engaging in negotiations with any third…

July 09, 2021 BY Steffy Bogdanova

Euronext partners with Early Metrics to support Tech SME investors

For the collaboration with Euronext, Early Metrics has generated new methodologies to assess and benchmark the growth momentum, valuation, financial resilience and market liquidity of listed Tech SMEs. The assessment of each company is based on its historical performance. To show its position against a group of peers, Early Metrics uses a comprehensive set of…

July 09, 2021 BY Alan Sayer

Banks increase FX market share

The main reason for this was the impact of Covid-19 across the world. Because a large proportion of the population were in some form of lockdown, it meant that traditional trading wasn’t as viable. As such, traders with a superior technological platform saw a sharp increase in their own FX trading volume. There were none…

July 09, 2021 BY Steffy Bogdanova

The consortium urges Playtech shareholders to vote in favour of the sale of Finalto

If the shareholders turn down the consortium’s offer, the lengthy evaluation and regulatory approval process would have to be repeated, putting Finalto in uncertainty for many months. The consortium also reminded that according to the terms of the Sale and Purchase Agreement, in such a case “Playtech will be required to pay the Consortium a…

July 08, 2021 BY Steffy Bogdanova

SMEs to benefit from new segment on Swiss stock exchange

Valeria Ceccarelli, the Head of Primary Markets at SIX Swiss Exchange, commented: SMEs in Switzerland – as in many countries – are a powerful economic engine. Our challenge has been to ensure that we can offer entrepreneurs a platform that can help them efficiently access capital. SIX has been spending a lot of time working…

July 08, 2021 BY Steffy Bogdanova

Gopher Investments reaffirms its offer for Finalto

The statement said: Gopher is an investment vehicle backed by investors with experience in gaming and financials, and is an affiliate of TT Bond Partners (TTB). TTB, through its Hong Kong regulated entity, TTB Partners Limited, which is advising Gopher on this transaction, is an investment and advisory firm based in Hong Kong, whose founders…

July 06, 2021 BY Alan Sayer

Global Blockchain Equity acquired by CoinShares

The acquisition by CoinShares is unlikely to cause any changes to how Global Blockchain Equity will operate. The only real impact on its operations is that the size of CoinShares will be able to increase the scope of Global Blockchain Equity. The deal is expected to allow significant growth and the company will be able…

July 06, 2021 BY Steffy Bogdanova

GoDoFX taps Integral for FX & CFD trading technology

Ebieraja Alex COO of GoDoFX, commented: We chose Integral for their institutional technology that goes beyond the standard services employed in the brokerage sector. GoDoFX strongly believes in providing retail customers with an exceptional level of service and the Integral platform allows us to deliver a tailored and personalized offering to every one of our…

July 05, 2021 BY Steffy Bogdanova

Gopher Investments offers to buy Playtech’s Finalto for $250 million

The announcement further explained that Gopher Investments’ proposed valuation represents a 47% premium to the consortium and a 35% premium to the guaranteed consideration of that offer. According to the official announcement, Gopher Investments urged Playtech’s shareholders to vote against the Consortium’s offer. Gopher added that “Finalto’s attractive growth prospects are not fairly reflected in…

Category: Institutional