Tenev commented: This acquisition will bring us closer towards our goal of serving the entirety of our customers’ critical financial needs. Together with X1, Robinhood will now be able to offer our customers access to credit. Deepak Rao, CEO and co-founder of X1, said When founding X1, we set out to create a different kind…
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Chief Managing Director of Equiti Group and Co-founder, Mohamed Alahmad, added: This strategic acquisition marks a significant step towards expanding our capabilities in the digital payments sector. Alahmad added that Cloud Invest's experience of working with banks, financial institutions and partners such as Mastercard, Visa and Network International spanning more than 10 years will boost…
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The completion of the offer depends on Deutsche Börse fulfilling customary conditions and obtaining the required regulatory approvals. It also necessitates a minimum acceptance threshold of 50% plus one share of SimCorp's share capital and voting rights. Based on the current timeline, the transaction is anticipated to be finalized in the third quarter of 2023.…
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Launched in 1999, Yieldbroker operates an institutional and wholesale marketplace (D2C and D2D) for domestic customers in Australian and New Zealand debt securities. The official announcement detailed that the trading platform facilitates trading of about A$6 trillion annually. Tradeweb further stated that the acquisition would allow it to boost market efficiency. It would grant Australian…
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Jerry Rizzieri, President and CEO, Mizuho Securities USA, said: Greenhill is a proven industry leader, and its team has led many of the largest and most complex transactions for clients globally, across a wide range of sectors. Mizuho is committed to the expansion of its investment banking platform, and we are excited for the Greenhill…
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Joining United Fintech In a separate transaction, the two German entrepreneurs, who founded TTMzero, Simon Ullrich and Soenke Blunck, have used part of their share sale proceeds to invest in United Fintech on a group level. United Fintech CEO Christian Frahm commented: For the past few years, the trend has been that financial institutions are…
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Peter Schütze, Chair of the Board of Directors of SimCorp A/S, said: The Board of Directors finds that the offer from Deutsche Börse AG represents attractive value for the shareholders of SimCorp A/S as the company accelerates its transformation to a full-scale SaaS and BPaaS provider to deliver sustained long-term profitable growth Deutsche Börse AG…
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The official announcement detailed that the deal will leverage both firms’ trading solutions and industry experience to create more liquid, transparent and efficient fixed income markets. Through the acquisition, Yieldbroker will gain access to domestic client network, including superannuation funds, as well as Tradeweb’s global multi-asset platform, liquidity and technology. The companies also believe that…
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Voyager announced the deal was stopped on Twitter, saying it received a letter from Binance. The crypto bank said it plans to use a "toggle option" in their bankruptcy plan to directly reimburse investors whose assets have been frozen since July. Voyager stated: Today, we received a letter from Binance.US terminating the asset purchase agreement.…
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IG Group’s acquisition of The Small Exchange will allow the Group to continue expanding its range of products and services in the US and to leverage the Small Exchange’s trading technology. Tom Sosnoff, Founder, tastylive, said: We’re excited to have had the opportunity to reacquire the Small Exchange. The future of market structure in the…
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