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 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 firm revealed its AUM fell by 2.9% to $9.9 billion, down from $10.2 billion at the end of June 2024. The decline was attributed to net investment outflows of $564 million, primarily driven by client rebalancing and asset allocation changes amid strong market returns. The Emerging Markets (EM) and International Equity strategies were said…
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The move is designed to free up capital for increased investment in its affluent franchise, a key growth driver for the bank. The bank announced it is exploring the potential sale of its WRB businesses in Botswana, Uganda, and Zambia. The strategic decision aligns with its broader goal of accelerating income growth and returns, as outlined…
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The derivatives exchange said the new futures contracts, designed to hedge against and capitalise on US equity market volatility moves, aim to give investors a streamlined way to trade the spread between implied and realised volatility. They believe the futures will appeal to a wide range of market participants, such as volatility traders, hedge funds,…
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Triton Valor is a global, multi-asset EMS that enables traders to execute trades across various asset classes, including equities, ETFs, futures, options, FX, and fixed income. The system is designed to meet the needs of active traders and provides tools to assist them in achieving their trading objectives. CONNEQTOR was developed by the Tokyo Stock…
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The settlement brings to an end one of two cases before the Cologne Higher Regional Court. The settlement will see an additional payment of EUR 36.50 per share, including interest, on the original offer price. Effecten-Spiegel AG played a key role as the main plaintiff in the case, having pursued legal action since Deutsche Bank's…
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Engels, who joined Danske Bank in April 2020, will resign from his position on March 1, 2025. In his statement, Engels expressed gratitude for the opportunity to have been part of Danske Bank and expressed confidence in the organisation's future. "I am confident that when the time comes next year, I will be able to…
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Hi Hormoz, as the Managing Director of Institutional Sales in MENA, please tell us why you joined ATFX. Can you provide an overview of your role as the Managing Director at ATFX Connect, the institutional brand of ATFX group? Hormoz Faryar: "There are several reasons for joining ATFX, and most of them relate to…
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