The Post-Trade Distributed Ledger (PTDL) Group, which brings together major post-trade industry participants and regulators to share information and ideas about how distributed ledger technology can transform the post-trade landscape, is to merge with the Global Blockchain Business Council (GBBC),
BMO Financial Group has completed its acquisition of KGS-Alpha Capital Markets (KGS), a New York-based fixed income broker-dealer specialising in US mortgage-backed (MBS) and asset-backed securities (ABS) in the institutional investor market. BMO announced the acquisition on 1May 1 2018.
ACA Compliance Group (ACA) has completed the acquisition of Cordium, a provider of governance, risk, and compliance (GRC) products and services, following the receipt of the necessary regulatory approvals. ACA now employs nearly 700 people and provides products and services
Beekeeper, a communication and operations platform for frontline workers, has raised an additional USD13 million as a part of its Series A extension round. Atomico and Keen Venture Partners led the round with a diverse group of strategic investors including
State Street has acquired BestX, a global market-leading provider of Transaction Cost Analytics (TCA) to support ‘Best Execution’ in OTC markets founded in 2016 by Aman Thind, Pete Eggleston and Oliver Jerome. BestX’s industry leading technology provides state-of-the-art pre-trade and
EPIC Insurance Brokers and Consultant has acquired the assets, employees and operations of Vanbridge, a specialty insurance intermediary, program management, and risk advisory services business. Headquartered in New York, NY, Vanbridge provides products and services at the intersection of the insurance, private
The US Commodity Futures Trading Commission (CFTC) and the Monetary Authority of Singapore (MAS) have signed an arrangement to foster greater cooperation in FinTech. The arrangement supports both authorities’ efforts to facilitate FinTech development and innovation in their respective markets.
China’s Zhejiang Geely Holding Group and Sampo plc of Finland (Sampo) have now received all of the necessary regulatory approvals to acquire shares in Saxo Bank, a fintech provider of multi-asset trading and investing. Following the approval and reflecting the
Nasdaq has made a USD190 million all cash recommended public offer to acquire Cinnober, a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure
Perpetual Corporate Trust, an independent provider of corporate trustee services to the managed funds industry and debt markets in Australia, has formed a strategic partnership with FundRock Management Company (FundRock). The collaboration will enable clients of both firms to leverage
