INTL FCStone Inc. (NASDAQ: INTL) has today announced that it has acquired IFCM Commodities, GmbH out of Hamburg, Germany. The deal was closed last week, on January 2. IFCM Commodities specializes in providing commodity price risk management solutions for base metals serving clients across Germany and continental Europe. The company has been working closely with…
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TP ICAP plc has announced earlier this week the proposed acquisition of Louis Capital Markets and MidCap Partners. The company, collectively known as Louis Capital, is a private brokerage group specialising in equities and fixed income. Louis Capital is primarily based in Europe, operating in London and Paris, but has offices in New York, Hong…
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Global commodities broker Marex Spectron has just announced that it has acquired the company Marquee Oil Broking Limited, a specialist provider of physical fuel oil broking services. The acquisition includes the founder Adam Trehane, who set up the business in 2014, one director and two senior brokers. Marex Spectron energy has a share across multiple…
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Charles Schwab Corporation, one of the largest brokerage firms in the US, has set its sight on TD Ameritrade (TDA) in a potential $26 billion acquisition. When the news broke today, both companies saw their share prices go up (Charles Schwab went up by roughly +3.5%, while Ameritrade - by +7.0%). According to press, the…
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Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets. The addition of ClearStructure’s private debt capabilities will create a differentiated solution in the market and enable Broadridge to serve new clients. ClearStructure’s component services enhance…
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The GMO Internet, Inc. has announced earlier today that it has acquired TownWiFi Inc., which will now become a consolidated subsidiary of GMO Internet. The provider service was launched back in 1995. Since then GMO Internet Group has launched the Internet business under the corporate slogan “Internet for Everyone.” As of today, GMO Internet Group…
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Global multi-asset investment platform eToro has announced that it has acquired portfolio tracking and pricing data app Delta for an undisclosed amount. Commenting on the news, Yoni Assia, Co-founder and CEO of eToro, said: We are excited to announce that Delta will become part of the eToro Group. This is our second acquisition this year…
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TP ICAP plc has announced earlier this week that it has acquired ClearCompress Limited, a provider of innovative, algorithm-based, light-touch compression services in cleared and uncleared derivatives that assist clients to achieve cost efficiencies and capital reduction. TP ICAP and ClearCompress started collaborating in 2017. In March 2019 when TP ICAP agreed to provide funding…
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Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech firm and part of the S&P 500® Index, announced yesterday that it has completed the acquisition of Financial Database Services. Financial Database Services provides compensation management, compliance and advisor onboarding solutions for the wealth management industry. The acquisition of Financial Database Services is the latest example of…
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Coinbase, America’s leading crypto exchange, took another step forward to utilize its $300 million fundraising of last October to expand its global footprint in the industry, this time by beefing up its fledgling custodial business with the acquisition of Xapo Ltd for a reported sum of $55 million. If and when the final transfers are…
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