News Centre

MNI Indicators: Chicago Business Barometer™ - December Adjusted Higher - Stronger Activity in Q3-202

Date 18/01/2024

The Chicago Business BarometerTM, produced with MNI, was revised up to 47.2 in December from 46.9, as result of the annual seasonal adjustment recalculation.

LiquidityBook Achieves Record Success in 2023 - Sets Sights On Further Growth In 2024

Date 18/01/2024

LiquidityBook, a leading provider of cloud-native buy- and sell-side trading solutions, is delighted to announce its record-breaking successes in 2023, having achieved its 18th consecutive year of double-digit growth, and is excited to unveil its plans for continued growth in the new year.

US VC Funding Plunges 45.6% In 2023; Takes 11 Months To Hit $100 Billion Compared To Just Five Months In 2022, Reveals GlobalData

Date 18/01/2024

• Total VC funding value stood at $109.4 billion
• Continues to be major driving force for global VC funding activity
• Accounts for 46.7% of global deal value in 2023

EquiLend To Be Acquired By Welsh, Carson, Anderson & Stowe - Private Equity Backing Set To Fuel Additional Growth

Date 18/01/2024

EquiLend, the global technology, data and analytics company for the securities finance industry, today announced that private equity firm Welsh, Carson, Anderson & Stowe (WCAS) has agreed to acquire a majority stake in the company. The acquisition is set to close in Q2 2024, subject to regulatory approvals.

Saudi Tadawul Group Acquires A Strategic Stake In Dubai Mercantile Exchange Creating Gulf Mercantile Exchange

Date 18/01/2024

• Saudi Tadawul Group will acquire a 32.6% stake in DME Holdings Limited, the parent company of Dubai Mercantile Exchange (DME), through the acquisition of a mix of new and existing shares, becoming the joint largest shareholder alongside CME Group.
• DME will be rebranded as the Gulf Mercantile Exchange to reflect its position as the key regional commodities exchange in the Middle East with global relevance.
• Through DME's flagship DME OQD Contract - the crude oil futures contract that generates the world's largest amount of physically delivered crude oil - physical delivery volumes reached 210 million barrels of oil in 2023, up from 181 million in 2022.
• The investment by Saudi Tadawul Group brings together world-class strategic partners and expertise to accelerate DME's growth potential, including CME Group, the Oman Investment Authority, and Dubai Holding alongside global financial and commercial shareholders.
• The partnership will unlock further opportunities in the energy, metals, and agricultural commodity markets and support the ongoing transition to a sustainable economy through the launch of next-generation derivative contracts.

Alviere Expands Its Reach To 500M Mobile Wallets In Africa - Onafriq And Alviere Partner To Launch Embedded Remittances And Other Payment Services From The United States To Africa

Date 18/01/2024

Alviere, the leading embedded finance platform provider, announces Onafriq, Africa’s largest digital payments network, has chosen Alviere to enable payments and remittances from the United States to Africa. Onafriq connects various  payment schemes with more than 500 million mobile wallets, over 200 million bank accounts, and 400 thousand small medium businesses in its network across Africa’s fast-growing yet fragmented payments ecosystem.

DV Group Announces Strategic Expansion, Building On Global Presence, Further Diversifying Offerings

Date 18/01/2024

DV Group, a diversified global financial services firm, today announced a significant strategic expansion across its subsidiary trading companies, including DV Energy, a division of DV Trading. The expansion marks DV Group's latest strides in its commitment to providing liquidity to the global financial markets across all asset classes.

Malawi Stock Exchange Annual Market Performance Report- 2023

Date 18/01/2024

In the year 2023, the market transacted a total of 612,184,956 shares at a total consideration of MK77,207,908,713.89 (US$66,848,878.62) in 10,736 trades. In the corresponding period 2022, the market transacted a total of 1,402,901,021 shares at a total consideration of MK51,719,845,760.25 (US$54,088,354.47) in 4,271 trades. This reflects a –56.36% decrease in share volume traded but a 49.28% (23.59% in US$ terms) increase in share value traded. Of the shares traded, 14.49 million AIRTEL, 9.38 million FDH, 24.55 million ICON, 12.74 million NBS, 3.80 million NICO, 3.04 million PCL and 13.99 million TNM shares traded as negotiated deals at a total consideration of MK11.35 billion.

Key Facts About The UK As An International Financial Centre 2023

Date 18/01/2024

Today TheCityUK launched its annual ‘Key facts about the UK as an international financial centre ’ report, which shows that the UK is the second-largest exporter of financial services globally, with exports totalling £94.9bn.

LSEG Establishes Technology Centre Of Excellence In Hyderabad

Date 18/01/2024

• Plans to hire over 1000 engineers and professionals by the end of 2025
• Hyderabad chosen for its alignment with LSEG’s ambitions in talent, innovation, infrastructure, and financial services