INTL FCStone’s London-based subsidiary, INTL FCStone Ltd, has executed a sale and purchase agreement to acquire GIROXX in Frankfurt, Germany. Closing is conditional upon BaFin approval.Through its digital platform, GIROXX provides online payment and foreign exchange hedging services to small
BMO Financial Group has completed its acquisition of KGS-Alpha Capital Markets (KGS), a New York-based fixed income broker-dealer specialising in US mortgage-backed (MBS) and asset-backed securities (ABS) in the institutional investor market. BMO announced the acquisition on 1May 1 2018.
ACA Compliance Group (ACA) has completed the acquisition of Cordium, a provider of governance, risk, and compliance (GRC) products and services, following the receipt of the necessary regulatory approvals. ACA now employs nearly 700 people and provides products and services
State Street has acquired BestX, a global market-leading provider of Transaction Cost Analytics (TCA) to support ‘Best Execution’ in OTC markets founded in 2016 by Aman Thind, Pete Eggleston and Oliver Jerome. BestX’s industry leading technology provides state-of-the-art pre-trade and
EPIC Insurance Brokers and Consultant has acquired the assets, employees and operations of Vanbridge, a specialty insurance intermediary, program management, and risk advisory services business. Headquartered in New York, NY, Vanbridge provides products and services at the intersection of the insurance, private
Nasdaq has made a USD190 million all cash recommended public offer to acquire Cinnober, a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure
Victory Capital is to acquire Harvest Volatility Management (Harvest), a specialist in derivative asset management with approximately USD12 billion in assets under management (AUM) as of 31 July 2018. On the closing of the transaction Victory Capital will have approximately
Apex Group (Apex) and Genstar Capital (Genstar) have acquired the Corporate and Private Client Services (CPCS) and Throgmorton businesses of Link Group’s Asset Services division. The acquisition increases Apex’s global assets under administration (AUA) to nearly USD600 billion. The
Broadway Technology, a provider of high-performance fixed income and foreign exchange solutions, has acquired 100 per cent of Barracuda FX, a global provider of FX order management technology. With this acquisition, Broadway will continue to expand its product suite and
Fund administrator Apex Group (Apex) has acquired Beacon Fund Services (Bermuda) Ltd, Beacon Corporate Services Ltd and Beacon Management Ltd (Beacon). Apex is a portfolio company of Genstar Capital. The acquisition of Beacon, a Bermuda-based fund administrator, adds USD10 billion in
