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Acquisition
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Acquisition
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Retail FX
ACY Securities Acquires Ingot Brokers South Africa, Secures FSCA License
2024-11-15T12:19:34.860+02:00
South African clients can now access more than 2,200 financial instruments through ACY Securities.
Recently, the firm updated its Swap-Free Account and removed cryptocurrency deposit fees.
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Retail FX
Prop Trading Gains AI Integration with Swiset’s Acquisition of PFT
2024-11-07T14:13:31.821+02:00
The acquisition creates a system that supports traders at all levels of experience.
Prop firms now have access to a solution with improved decision-making, risk management, and AI analytics.
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Institutional FX
BGC Group Enters Agreement to Purchase OTC to Expand ECS Platform
2024-10-22T13:43:00.110+02:00
The firm has announced a mostly cash deal to purchase OTC Global Holdings.
With this acquisition, the company aims to expand its global energy and commodities reach.
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Institutional FX
Marex Moves Forward with Hamilton Court Group Acquisition for FX Services
2024-10-09T13:29:40.353+02:00
Hamilton Court Group provides FX products to mid-sized corporates in the UK and Europe.
The deal is subject to contract and regulatory approval before it can be finalized.
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Institutional FX
Marex Sets Its Sights on Acquiring Aarna for Middle East Clearing Business
2024-10-02T13:57:52.801+02:00
The acquisition will provide Marex access to around 180 local clients.
The firm expects a five percent profit increase after tax starting in FY 2025.
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Retail FX
Freetrade Acquires Stake UK Arm, Challenging Robinhood's Expansion
2024-10-01T10:52:53.646+02:00
The UK fintech aims to solidify its position in the competitive retail investing market.
Significantly, since Robinhood is strongly expanding its presence in the region.
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Brokers
Prop Trading Firm Funded Friends to Shut Down, Acquired by TradingFunds
2024-09-30T09:13:33.854+02:00
CEO Arjo Janssens cites a shift in focus to financial education as a reason for closure.
As he states, the prop firm did not have liquidity or payout issues.
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FinTech
eToro Acquires Australian Investing App Spaceship for Up to $55 Million
2024-09-26T07:58:47.932+02:00
The fintech expands its long-term savings offerings and strengthens its presence in Australia.
It wants to use Spaceship's local expertise in superannuation and managed funds.
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CryptoCurrency
Kraken Ramps Up European Presence by Acquiring BCM, Elevates Crypto Offering
2024-09-24T11:05:46.286+02:00
The acquisition enables the firm to operate as a registered VASP in France and Poland.
BCM clients will have access to over 200 digital assets, improved liquidity, and 24/7 support in local languages.
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Exchanges
European Derivatives Giant Makes Two Big Moves in One Day
2024-09-17T08:44:30.018+02:00
Three years after the acquisition, Euronext has completed the integration of Borsa Italiana.
The platform has also succeeded in acquiring a research and market data benchmarking firm from London.
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Retail FX
Breaking: Sway Funded Acquires Another Struggling Prop Firm within a Month
2024-08-22T14:47:45.037+02:00
After taking over MyFlashFunding in late July, Sway Funded has now purchased Karma Prop Traders.
The information has been unofficially shared on the prop trading firm's Discord channel.
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CryptoCurrency
Bitwise Sets Sails for Europe by Buying ETC Group’s $1 Billion ETP Portfolio
2024-08-19T15:27:51.408+02:00
With this acquisition, Bitwise’s total assets under management rise above $4.5 billion.
Founded in 2017, the firm currently offers 20 products in the US market.
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Brokers
“We are ready to acquire any prop firm that shuts down,” States Astra Capital Group
2024-08-19T09:12:01.838+02:00
The move is intended to respond to the turmoil in the prop trading industry last week.
Up to 20 trading firms may have closed due to MT4 and 5 licensing issues.
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FinTech
Flywire Brings In Invoiced to Rev Up B2B Payments and Software Solutions
2024-08-07T10:51:52.712+02:00
The deal is expected to add approximately $2 million in revenue for the fiscal year 2024.
Invoiced’s A/R platform integrates with accounting systems and is recognized by G2 Crowd.
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Retail FX
Struggling Prop Firm MyFlashFunding Acquired by Sway Funded
2024-07-29T09:09:34.617+02:00
The prop firm founder claims he could have chosen bankruptcy or even run away.
Sway Funded promised an “immediate” payout of traders' funds that have been overdue for several months.
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CryptoCurrency
Banking Giant's Crypto Arm Snaps Up OTC Trading Powerhouse
2024-07-17T10:28:59.680+02:00
Zodia Markets, backed by Standard Chartered, is acquiring Elwood's OTC trading business.
The deal enhances Zodia's regulated presence and expands its digital asset services.
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CryptoCurrency
Bitflyer Takes the Reins: Acquiring FTX Japan amid Bankruptcy Fallout
2024-06-20T18:01:51.168+02:00
Unlike its parent company, FTX Japan reported a surplus of assets compared to liabilities.
Bitflyer ranks 22nd globally in crypto exchange volume, with notable BTC/JPY trading.
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CryptoCurrency
Robinhood Ventures Into Institutional Crypto Space with Bitstamp Buyout
2024-06-06T13:30:58.520+02:00
The $200 million acquisition is anticipated to conclude in the first half of 2025.
The acquisition hinges on regulatory approval and customary conditions for closure.
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Institutional FX
Broadridge Expands Digital Distribution with AdvisorTarget Acquisition
2024-05-30T15:32:01.857+02:00
AdvisorTarget's data will enhance Broadridge's market intelligence for asset managers.
DC Advisory advised Broadridge, while Broadhaven Capital Partners advised AdvisorTarget in the acquisition.
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FinTech
Paystand Enhances B2B Payments Network through Teampay Acquisition
2024-04-26T18:44:01.970+02:00
The combined platform aims to rationalize processes across employees, vendors, and customers to drive profitability for CFOs.
Paystand previously formed alliances with NetSuite, Sage, and Microsoft Dynamics.
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Brokers
Exclusive: XTB Acquires Broker in Indonesia to "Become a Gateway to Asia"
2024-03-29T11:33:33.706+02:00
The finalization of the purchase of Eagle Capital Futures took place in January 2024.
Indonesia is a market slightly smaller than the entire EU, with many retail investors.
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FinTech
Apex Fintech Solutions Acquires AdvisorArch for Streamlined Portfolio Management
2024-03-12T15:00:00.000+02:00
The acquisition brings automated rebalancing and portfolio management solutions to Apex.
In addition, It enhances Apex's RIA platform with advice tools for wealth management.
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CryptoCurrency
CoinShares Bolsters Global AUM to $7.3 Billion with Valkyrie Acquisition
2024-03-12T14:55:52.664+02:00
The firm began the acquisition of Valkyrie after securing the option in November 2023.
The acquisition includes ownership of the Valkyrie Bitcoin Fund, a physically-backed Bitcoin ETF.
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CryptoCurrency
Ripple Expands Crypto Solutions with Standard Custody & Trust Acquisition
2024-02-13T18:15:13.659+02:00
The firm and its subsidiaries hold nearly 40 money transmitter licenses.
The completion of the acquisition is subject to regulatory approval.
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Institutional FX
State Street Took Almost a Year to Finalize CF Global Acquisition
2024-02-01T16:31:23.817+02:00
The deal aims to strengthen the company's trading solutions globally.
The financial conditions of the transaction were not disclosed.
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