May 08, 2015 BY Maria Nikolova
FXCM Japan negotiates services transition, plans to discontinue Mirror Trader
FXCM Japan and Rakuten Securities agreed today to complete services integration on August 1, 2015.
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April 23, 2015 BY Maria Nikolova
Interactive Brokers to acquire online investing marketplace Covestor
The deal will enable Interactive Brokers to beef up its offering to robo-adviser companies.
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April 09, 2015 BY Maria Nikolova
FXCM sells Faros Trading to Jefferies for an undisclosed sum
FXCM unloads part of its institutional capabilities to 'cousin company' Jefferies LLC. Jefferies is owned by Leucadia, which bailed out FXCM in January.
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April 03, 2015 BY Maria Nikolova
FXCM Japan bids farewell to clients, becomes subsidiary of Rakuten Securities
FXCM Japan Securities Co., Ltd today addressed its customers to officially confirm that it is now a subsidiary of Rakuten Securities, arm of Rakuten Inc (TYO:4755). The announcement said the deal that saw Rakuten Securities pay $62 million to acquire the Japanese operations of US Forex broker FXCM Inc (NYSE:FXCM) was successfully completed on April 1,…
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March 25, 2015 BY Maria Nikolova
Rakuten Sec to acquire FXCM Japan for $62 million
FXCM Inc (NYSE:FXCM), a giant in the retail Forex industry, announced today that Rakuten Securities, Inc., a subsidiary of Rakuten Inc (TYO:4755), will acquire its Japanese operations in a deal worth approximately $62 million. The definitive agreement has been reached amid FXCM Holdings, LLC and FXCM Newco, LLC (“FXCM”) and Rakuten. The deal will see…
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March 20, 2015 BY Maria Nikolova
GFI Group to delist common stock from NYSE
GFI Group Inc. (NYSE:GFIG), the US-based provider of brokerage, trade execution and clearing services, has unveiled plans to delist and deregister its common stock, which is currently trading on the New York Stock Exchange. The company attributed its decision to the upcoming changes related to the deal with BGC Partners, Inc. (NASDAQ:BGCP) and the lack…
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March 18, 2015 BY Maria Nikolova
Merger talks between MGT Capital Investments, Tera Group put on hold
MGT Capital Investments, Inc. (NYSEMKT:MGT) has announced the suspension of merger talks with Tera Group, Inc., after the deadline set in the Letter of Intent, confined to the potential deal, expired on March 16, 2015. On February 27, 2015, the companies said they were planning a merger that would have to create the first publicly…
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March 11, 2015 BY Andrew Saks-McLeod
RJ O’Brien and GFI agree on acquisition of Kyte Group
Following approval by the FCA, the transaction is expected to close no later than March 17. After closing of the transaction, Kyte will operate under the name "R.J. O'Brien Limited
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February 20, 2015 BY Maria Nikolova
BGC Partners, GFI Group agree on $6.10 per share tender offer
BGC Partners, Inc. (NASDAQ:BGCP), a global brokerage company servicing the financial and real estate markets, and GFI Group Inc. (NYSE:GFIG), a provider of trading technologies and support services to the global OTC and listed markets, today announced that they have reached an agreement on a tender offer of $6.10 per share. Under the terms of…
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February 18, 2015 BY Maria Nikolova
Trading in KVB Kunlun shares remains suspended pending deal announcement
KVB Kunlun Financial Group Ltd (HKG:8077), the Hong Kong-focused retail Forex broker, issued an update on trading in its shares earlier today. No major piece of news was announced, with the broker simply stating that trading in its shares will remain suspended until it prepares the official release of a deal with the purchaser. KVB…
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