News Centre
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OpenFin Raises $17 Million Series C From Wells Fargo And Barclays
Date 16/05/2019
OpenFin, the operating system (OS) of finance, has raised $17 million in Series C funding from major banks and leading Fintech investors. The funding round was led by Wells Fargo with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. The Series C round brings OpenFin’s total amount of venture funding to $40 million. Proceeds from the financing will be used to make OpenFin OS ubiquitous on financial desktops and to fund further product innovation. This includes OpenFin’s new Cloud Services offering, which enables banks, asset managers, wealth managers and hedge funds to provide their own private app stores for employees and customers out of the box.
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Patrick Buhannic Voluntarily Withdraws From All Suits Against TradingScreen
Date 16/05/2019
TradingScreen Inc. (TS), the global, multi-asset class order and execution management system (OEMS), today announced that Patrick Buhannic has voluntarily agreed to be dismissed with prejudice from all the lawsuits brought by his brother Philippe Buhannic against TradingScreen and other defendants in New York State Court and U.S. District Court for the Southern District of New York. As a result, Philippe Buhannic is the only remaining plaintiff (representing himself pro se) in those actions.
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Refinitiv Analysis: $10.1b Bid For Nestle Skin Health Is 2nd Largest PE-Backed M&A Deal In Europe Since Financial Crisis
Date 16/05/2019
Nestle SA is in discussions with a consortium led by private equity firm EQT Partners over the sale of its skin health unit. The $10.1 billion deal would be the 2nd largest private equity-backed M&A deal in Europe since the financial crisis.
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New Realities In Wealth Management: U.S. Client Asset Growth Stalls In Down Market - Total U.S. Client Assets With Brokers And Registered Investment Advisors Fell By US$495 Billion To US$23.7 Trillion In 2018, Finds A New Aite Group Report.
Date 16/05/2019
Total client assets in the U.S. wealth management industry have grown almost every year since 2008. In 2018, however, client assets dropped by 2.1%, the largest decline in over a decade. This drop corresponded to a 4.4% decline in the S&P 500 Total Return Index. The 10-year compound annual growth rate of client assets now stands at 8%. Aite Group’s latest report, New Realities in Wealth Management: U.S. Client Asset Growth Stalls in Down Market, examines the year’s changes in the U.S. wealth management industry.
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Intercontinental Exchange Chairman & CEO Jeffrey C. Sprecher To Present At The Thirty-Fifth Annual Bernstein Strategic Decisions Conference On May 30
Date 16/05/2019
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, announced today that Jeffrey C. Sprecher, Chairman and CEO, will present at the thirty-fifth annual Bernstein Strategic Decisions Conference. The presentation will take place on Thursday, May 30 at 2:00 p.m. ET. The presentation will be available live and in replay via webcast and can be accessed in the investor relations and media section of ICE’s website at http://ir.theice.com/.
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Euronext's Shareholders Voted In Favour Of Acquisition Of Oslo Børs VPS
Date 16/05/2019
Euronext announced today that its shareholders unanimously voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital during the General Meeting of Shareholders held on 16 May 2019 in Amsterdam.
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Euronext’s Shareholders Unanimously Voted In Favour Of Euronext’s Acquisition Of Up To 100% Of Oslo Børs VPS
Date 16/05/2019
Euronext, the leading pan-European exchange, announced today that its shareholders unanimously voted in favour of Euronext’s acquisition of up to 100% of Oslo Børs VPS’s capital during the General Meeting of Shareholders held on 16 May 2019 in Amsterdam. Shareholders’ approval was the last major condition to complete the transaction, since most of the other condition precedents highlighted in Euronext’s offer document were already met, including the clearance received from the Norwegian Ministry of Finance. Euronext expects to meet the remaining customary conditions described in its offer document available on www.euronext.com and close the transaction before the end of Q2 2019. Defined terms with capital letters herein have the meaning as in Euronext’s Offer Document published on 14 January 2019 and available on www.euronext.com.
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Stylish Regulation - Speech By Sam Woods, Bank Of England, Deputy Governor For Prudential Regulation And Chief Executive Officer, Prudential Regulation Authority, Given At The UBS 20th Annual Financial Institutions Conference, Lausanne
Date 16/05/2019
In his speech, Sam Woods discusses what our system of financial regulation might look like after the UK leaves the EU.
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Antitrust: European Commission Fines Barclays, RBS, Citigroup, JPMorgan And MUFG €1.07 Billion For Participating In Foreign Exchange Spot Trading Cartel
Date 16/05/2019
In two settlement decisions, the European Commission has fined five banks for taking part in two cartels in the Spot Foreign Exchange market for 11 currencies - Euro, British Pound, Japanese Yen, Swiss Franc, US, Canadian, New Zealand and Australian Dollars, and Danish, Swedish and Norwegian crowns.
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Deutsche Börse Group: Business Indicators For April 2019
Date 16/05/2019
Attached please find a summary of Deutsche Börse Group's business indicatorsfor April 2019.
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