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
TOBAM, a Paris-based research driven quantitative asset manager, is adopting a carbon footprint reduction policy across all its Anti-Benchmark equity strategies and Maximum Diversification indices. A systematic carbon footprint reduction of at least 20 per cent versus the reference benchmark’s
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
Most hedge fund strategies were in negative territory for the first half of September, according to the latest Weekly Brief from Lyxor’s Cross Asset Research team. Sector rotations in equities, the US dollar reversal, the rise in bond yields and
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
Mariana Enevoldsen (pictured), Director at Estera, explains how the recent IPO of music investment fund Hipgnosis demonstrates how Guernsey continues to be popular and trusted by advisers and investors, and highlights the attractiveness of the island for alternative asset classes…
Sterne Agee, one of the oldest and largest privately held financial services firms in the US, has closed its purchase of London-based brokerage firm Yorvik Partners, which has been renamed Sterne Agee UK. The acquisition establishes Sterne Agee's first overseas
