The completion of the offer depends on Deutsche Börse fulfilling customary conditions and obtaining the required regulatory approvals. It also necessitates a minimum acceptance threshold of 50% plus one share of SimCorp's share capital and voting rights. Based on the current timeline, the transaction is anticipated to be finalized in the third quarter of 2023.…
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Peter Schütze, Chair of the Board of Directors of SimCorp A/S, said: The Board of Directors finds that the offer from Deutsche Börse AG represents attractive value for the shareholders of SimCorp A/S as the company accelerates its transformation to a full-scale SaaS and BPaaS provider to deliver sustained long-term profitable growth Deutsche Börse AG…
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Clients of both SimCorp and FlexTrade will have access to shared future roadmaps, which will enable them to request new features from the domain experts at FlexTrade. Zoe Sheehan, Vice President, Investments at SimCorp, highlighted the importance of accessing liquidity for traders, especially in volatile markets. Sheehan commented: By expanding our native interoperability with EMS…
Read moreSimCorp, a provider of investment management solutions and services for the global financial services industry, has announced that it has enhanced its partnership with FX Connect to provide SimCorp Dimension users with full foreign exchange netting capabilities. SimCorp leverages FX Connect's cross-currency netting capabilities to enable its clients to seamlessly block, net and subsequently compress large,…
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