The transaction, approved by SK Growth shareholders on 30 March, sees SK Growth become a wholly owned subsidiary of Webull. As part of the SPAC deal, SK Growth’s ordinary shares and warrants were converted into those of Webull. Effective from 11 April, Webull’s ordinary shares, warrants, and incentive warrants began trading under the tickers “BULL”,…
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Announced on Wednesday, the collaboration is said to let Webull users in APAC invest in fractionalised US Treasuries and a broader selection of fixed income assets via GTN’s integrated single API framework. The firm explains that the technology enables access to market data, trading, and account management — all through Webull’s mobile trading platform. “…
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In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives market. The enterprise value of the transaction will be split equally between S&P Global and CME Group, which each hold a 50% stake in OSTTRA. The…
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The move is expected to significantly expand StoneX’s global derivatives presence. Announced on Monday, the acquisition will be paid through a mix of $625 million in cash and 3.5 million shares of StoneX common stock. StoneX will also assume up to $143 million of RJO’s debt. The transaction is expected to close in the second…
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The firm explained that based in Hong Kong, Ms Liao will oversee the delivery of data-driven insights tailored to APAC clients, aiming to deepen engagement and education around Cboe’s derivatives offerings. The expansion is said to reflect rising demand for derivatives trading, analytics and client support across institutional and retail investors in the region. “With…
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The bank has reportedly held early-stage discussions with several private credit firms to explore potential partnerships. Rather than launching a full-scale private credit operation, the report states that HSBC is considering a more measured approach, with some executives said to be expressing caution about the potential cost versus revenue benefits. One source told Reuters that…
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The deal, first announced in January, was finalised on 1 April 2025. Freetrade will continue to operate as a standalone brand, with co-founder and CEO Viktor Nebehaj and his leadership team remaining in place. Nebehaj said the acquisition would allow Freetrade to “fast-track the rollout of new products and features” while accelerating growth. Meanwhile, IG’s…
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The UK subsidiary of Australian retail CFD broker Axi revealed in its recently published annual financial statements that it also saw net profit rise 89.5% to $3.92 million, despite a decline in client money balances to $19.3 million from $21.3 million. Operating profit grew to $3.45 million, while the cost of sales nearly doubled to…
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The deal is expected to be immediately accretive, with OTC generating over $400 million in revenue in 2024, representing an acquisition multiple of less than 0.8 times revenue. "The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world's premier energy, commodities, and shipping broker," said Sean…
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However, trading activity declined 4% from February, according to the latest brokerage performance report. Client accounts rose 32% from the previous year to 3.62 million, with 87,700 new accounts added in March. However, the brokerage said 13,300 accounts were escheated to governmental authorities as required by law. Client equity stood at $573.5 billion, up 23%…
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