July 06, 2016 BY Valentina Kirilova

Deutsche Börse sells FX market intelligence provider MNI to Hale Global

Deutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals. Details of the deal are subject to a confidentiality agreement. By divesting its news business, Deutsche Börse further…

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July 06, 2016 BY Valentina Kirilova

GBPUSD drops below 1.28 as British Pound slide continues

Sterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…

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July 06, 2016 BY Valentina Kirilova

Broadridge completes acquisition of DST’s North American Customer Communications Business

Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced it has completed its acquisition of the North American Customer Communications (NACC) business of DST Systems, Inc. (NSYE: DST) for $410 million in cash, subject to post-closing adjustments. The NACC business will be renamed Broadridge Customer Communications and integrated into Broadridge’s Investor Communication Solutions segment.…

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July 05, 2016 BY Valentina Kirilova

INTL FCStone completes the Acquisition of the Correspondent Clearing and Independent Wealth Management Businesses from Sterne Agee LLC

Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced today that it has substantially completed its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp. Details about the acqusition were provided last week. The July 1, 2016 closing involved three broker…

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July 05, 2016 BY Valentina Kirilova

Brexit: One step closer to the next British Prime Minister; asset managers retreat London

Sure we all are thrilled about everything that happens around Brexit. There's been lots of drama since David Cameron announced he was resigning shortly after the referendum. All news about the new British Prime Minister are almost as exciting as the referendum itself. Unfortunately we won’t know who will take Cameron's place until September 9. Until then…

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July 05, 2016 BY Valentina Kirilova

Colt Prizmnet expands in APAC connecting to Equinix Hong Kong (HK1) and Singapore (SG1)

Colt PrizmNet, the financial extranet developed by Colt, has continued to grow its footprint in Asia by connecting to Equinix’s International Business Exchange (IBX) data centres in Hong Kong (HK1) and Singapore (SG1). Colt can now interconnect with key FX centres, both globally and across Asia, including direct connectivity to Equinix’s TY3 data centre in Tokyo, the largest FX trading facility in Asia, as well as Sydney…

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July 05, 2016 BY Valentina Kirilova

Monex Group sees healthy 7% MoM rise in June DARTs

Online trading services provider Monex Group, Inc. (TYO:8698) has just published its key operating metrics for June 2016, with the broker no longer reporting global Forex volumes following the transfer of OTC FX accounts offered by the FX companies of TradeStation Group to OANDA Corporation and OANDA Australia Pty Ltd in March. Monex’s FX volumes now comprise only the OTC FX…

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