Markit Ltd (NASDAQ:MRKT) and IHS Inc. (NYSE:IHS) today unveiled their agreement to merge, creating a giant in critical information, analytics and solutions. Based on the closing prices of IHS and Markit common stock on March 18, 2016, the implied equity value of the transaction exceeds $13 billion. The transaction has gained the unanimous approval of…
Read moreFXCM Asia, formerly a part of FXCM Inc (NYSE:FXCM) and currently a wholly owned subsidiary of Rakuten Securities, today announces its pending rebranding. FXCM Asia Limited (FXCM Asia) will be rebranded as Rakuten Securities Hong Kong Limited (Rakuten Securities HK) on April 21, 2016. This serves to reflect the company business development after Rakuten Securities,…
Read moreProvider of online payment services Paysafe Group Plc (LON:PAYS) today published its financial metrics for the full year 2015, with the revenue numbers bolstered by the integration of Skrill. Paysafe said the acquisition of Skrill, which was completed in August 2015, delivered approximately $10 million in cost savings synergies in 2015. Let's note that at…
Read moreThere is an update on the proposed merger of London Stock Exchange Group Plc (LON:LSE) and Deutsche Boerse AG (ETR:DB1)... The board of directors of LSE and the management board of Deutsche Boerse today announce that they have reached agreement on the terms of a recommended all-share merger. The deal will be implemented via the establishment…
Read moreDeutsche Boerse AG (ETR:DB1) and Nasdaq Inc (NASDAQ:NDAQ) on Wednesday announced that they entered into an agreement regarding the sale of International Securities Exchange Holdings, Inc. (ISE), operator of three US equity options exchanges, and ISE’s holding company U.S. Exchange Holdings, Inc. to Nasdaq. The value of the deal is $1.1 billion in cash. Deutsche…
Read moreUS futures, options and stock broker MB Trading has presented the visitors of its website with a redesigned look, to reflect the fact that the company was acquired by TradeKing. In addition to the logo, which now clearly states that MB Trading is offered by TradeKing, the website is less crowded in terms of text and…
Read moreVisitors of the website of IBFX Australia were today greeted with a short notice announcing that the company has decided to halt forex operations. Ex-clients of the company are encouraged to contact the customer support service if they have any questions. The announcement comes less than a fortnight after OANDA said that it had agreed to…
Read moreAustralian retail Forex broker Pepperstone today announced that it has secured a major strategic investment from CHAMP Private Equity, one of Australia's leading PE firms. Melbourne-based Pepperstone founder is partnering with CHAMP in order to support the broker's expansion. Pepperstone intends to open offices in multiple new regions this year. In order to further boost their…
Read moreOperator of global exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) on Tuesday announced it is expanding its data and valuation business through the acquisition of two assets under the S&P Global Market Intelligence business unit, from McGraw Hill Financial Inc (NYSE:MHFI). ICE has entered into a definitive agreement to acquire provider of fixed income…
Read moreInternational operator of global exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) has just confirmed that it ponders making a bid for London Stock Exchange Group Plc (LON:LSE). The announcement comes just a week after LSE and Deutsche Boerse AG (ETR:DB1) said they were in advanced-stage merger discussions. In today's announcement, ICE notes that no approach…
Read more