The approval is a step forward in the acquisition process. On August 9, 2024, Hargreaves Lansdown and the board of directors of Bidco announced that they had reached an agreement for HL to be acquired for around £5.4 billion. The deal was the second largest by value for a London-listed company this year and marked…
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Under the terms of the agreement, CMC said it will provide ASB Bank with its market-leading technology and execution platform, enabling ASB to offer its customers an online trading platform, complete with access to over 15 international markets, extensive market research, and tax reporting tools. The integration of CMC's technology is expected to take between…
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CLS explained in a press release that the move is expected to significantly improve operational efficiency and reduce risk for the bank. CLSNet, a platform designed to standardise and centralise post-trade processes for over 120 currencies, has gained traction in recent years. By joining the network, CLS said MUFG will benefit from the expanding roster…
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The company explained in a press release that the collaboration allows FOREX.com clients to participate in the US Presidential Election by trading contracts on Kalshi's platform alongside their regular forex trading activities. The partnership opens up new avenues for traders, offering them the opportunity to leverage their political predictions while managing their forex portfolios. FOREX.com…
Read moreDuring his time at Saxo, Garnry played a key role in establishing the company's reputation for insightful financial research and analysis. He frequently appeared on prominent media outlets such as Bloomberg and CNBC, providing expert commentary on market trends and economic developments. In the past year, Garnry also led Saxo's team of strategists, overseeing the…
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The company said the strategic move aims to strengthen HKEX's presence in the Middle East and facilitate greater connectivity between the two regions. HKEX is aiming to promote new opportunities for its customers and issuers, with the Riyadh office predicted to serve as a crucial hub for HKEX to engage with investors and companies. Saudi…
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By integrating Centroid Bridge into its operations, Exness said it aims to expand its reach to a wider audience of brokers while ensuring the highest standards of execution speed, stability, and reliability. Centroid Bridge, a multi-asset bridging system, is expected to enable Exness to efficiently distribute its "competitive and unique liquidity" to brokers globally. The…
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The new facilities are said to house a combined workforce of 800 employees, significantly bolstering the company's presence in the country. Since establishing its Global Capability Centre in India in 2019, StoneX has experienced solid growth and now employs over 550 staff in-country, contributing to its global workforce of more than 4,300 employees. Greg Kallinikos,…
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The inaugural event contract will focus on the 2024 U.S. presidential election between Kamala Harris and Donald Trump. Event contracts allow traders to bet on a specific outcome. In the case of the 2024 election, users can purchase a contract for either Harris or Trump. If the chosen candidate wins, the contract will be worth…
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This was driven by positive market movements of £1.5 billion and net new business of £0.5 billion. The company, which agreed in August to be acquired by a private equity consortium for £5.4 billion, experienced net client growth of 18,000 in the quarter, primarily due to net new clients in SIPP, ISA, and Active Savings accounts.…
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