Tag: acquisition

Cornerstone revenue
December 23, 2022 BY Steffy Bogdanova

Cornerstone FS announces sale of Avila House

The Group acquired Avila in October 2020 to secure a Small Electronic Money Institution. The company’s primary operating subsidiary, Cornerstone Payment Solutions Ltd. (formerly FXPress Payment Services Ltd.) gained approval from the Financial Conduct Authority (FCA) as Authorised Electronic Money Institution in August 2021, which replaced the more limited license of Avila. According to the…

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LSEG, London Stock Exchange
December 20, 2022 BY Steffy Bogdanova

LSEG strengthens its post trade offering with acquisition of Acadia

Established in 2009, Acadia provides risk management, margining and collateral services to global financial institutions for the uncleared derivatives markets. The company’s risk and margining products cover all OTC derivative asset classes and offer direct connectivity to more than 2,000 market participants. According to the official announcement, Acadia enables more than $1 trillion in collateral…

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Acquisition
December 15, 2022 BY Steffy Bogdanova

United Fintech announces acquisition of Cobalt

Under the acquisition agreement, United Fintech will onboard Cobalt, its clients and employees onto its platform. However, Cobalt will continue to operate as a standalone company. Christian Frahm will serve as the new Chairman of Cobalt and Cobalt’s co-founder & Chief Product Officer Andrew Coyne and CEO Darren Coote will remain in leadership of the…

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Euroclear reports operating income increase of 7% in H1 2021
December 14, 2022 BY Steffy Bogdanova

Euroclear announces acquisition of Goji

David Genn, CEO, Goji commented: We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds, points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the…

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November 30, 2022 BY Steffy Bogdanova

Binance acquires Japanese crypto platform Sakura Exchange BitCoin

Takeshi Chino, general manager of Binance Japan, said: The Japanese market will play a key role in the future of cryptocurrency adoption. As one of the world’s leading economies with a highly-developed tech ecosystem, it’s already poised for strong blockchain uptake. We will actively work with regulators to develop our combined exchange in a compliant…

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Eurotrader
November 25, 2022 BY Steffy Bogdanova

Eurotrader secures FCA license

The company has already taken steps in its expansion with the appointment of industry veterans to key executive positions. In the past 12 months, the broker doubled its staff. According to the official announcement, the new FCA license comes with the acquisition of regulated broker, previously named Petra Asset Management Ltd. Eurotrader’s CEO, Marcelo Spina…

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November 24, 2022 BY Steffy Bogdanova

Binance US to renew bid to acquire Voyager

Binance’s initial bid for acquisition was rejected and rumors surfaced that the reason for the rejection was alleged concerns of national security threats to the US government. In his interview with Bloomberg, CZ denied the rumors and said that FTX might have spread them. He stated: There was never any concerns about us participating in…

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CFI Financial Group
November 24, 2022 BY Steffy Bogdanova

CFI Financial Group expands in Egypt

Hisham Mansour commented: CFI’s leading position in MENA is very strategic for us and the acquisition of El Mahrousa in Egypt comes about to solidify our position. The Egyptian market is a key market in the region and we saw we have to be there physically through a locally regulated company. Mansour further noted that…

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