Virtu Financial, Inc. (NASDAQ:VIRT) has just completed its acquisition of Investment Technology Group, Inc. (NYSE:ITG) in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion. Virtu Financial has entered into a definitive agreement to acquire Investment Technology Group back in November 2018. Douglas Cifu will continue to serve…
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Coinbase is on a roll. It has made another major acquisition, soon after the US exchange acquired Blockspring and soon after it made major improvements in its offerings to clients. The largest US crypto exchange even added a stablecoin to its portfolio. Coinbase just made a very interesting acquisition. Buying Neutrino, an Italian blockchain surveillance company…
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Global commodities broker Marex Spectron has just completed the acquisition of the Irish energy broker Energy Broking Ireland Limited (EBI). Marex Spectron has returned to FX markets with a new platform back in October 2018. Last month, the broker announced another acquisition of Rosenthal Collins Group’s customer business. Marex Spectron started the acquisition process last month, just one day after completing…
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The digital asset exchange Kraken has just announced that it has acquired the regulated cryptocurrency trading platform and index provider Crypto Facilities. Crypto Facilities is London-based and is the first FCA regulated entity to list futures on Bitcoin, Ethereum, Ripple XRP, Litecoin and Bitcoin Cash. The company provides CME CF Bitcoin Reference Rate that powers the CME Group’s…
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The Board of Directors of Oslo Børs VPS Holding ASA have just decided not to recommend Euronext's acquisition offer, despite the fact that it is supported by the majority of Oslo Børs VPS shareholders. Back in December 2018, the pan-European exchange in the Eurozone has raised its commitment to 50.6% of Oslo Børs VPS Holding ASA shares in the…
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Virtu Financial, Inc. (NASDAQ:VIRT) has entered into a definitive agreement to acquire Investment Technology Group, Inc. (NYSE:ITG) back in September 2018. The company has agreed to acquire ITG in a cash transaction valued at $30.30 per ITG share. September 2018 was definitely a good month for the company, as it has prepaid another $74 million…
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Just one day after completing the acquisition of commodity trading firm CSC Commodities UK Limited (CSC) from BGC European Holdings LP, London based global commodities broker Marex Spectron announced new acquisition plans. This time the target is the Irish energy broker Energy Broking Ireland Limited (EBI). Marex Spectron has returned to FX markets with a new platform back in October 2018.…
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Coinbase is poised to revolutionize its own business model; from expanding its portfolio of alt coins to making interesting, strategic acquisitions. The most recent one is an Andreessen Horowitz-backed startup acquisition. The startup in question is called Blockspring. The company makes tools for managing and collecting data from APIs. While the deal's value has not…
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INTL FCStone Inc. (NASDAQ:INTL) has just announced that it has received regulatory approval and completed the acquisition of US-based broker-dealer, GMP Securities LLC. The company, previously known as Miller Tabak Roberts Securities, LLC, is an independent, SEC-registered Broker-Dealer and FINRA member and its US-based parent company from GMP International Holdings Corp., a wholly-owned indirect subsidiary…
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Euronext, the pan-European exchange in the Eurozone, has announced the acquisition of 78% of the capital of Commcise from its founders for an initial cash consideration of £27 million. Commcise is a Software as a Service (SaaS) provider of research evaluation and commission management solutions for financial services firms, combining research funding, consumption and accounting into a…
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