Latest NEX Group News: Finextra Research

Icap hails blockchain proof-of-concept as post-trade breakthrough

Icap has completed a proof-of-concept test on the use of distributed ledger-based smart contracts on Traiana's Harmony network, declaring that the technology has the potential to "significantly transform post trade operations".

15 March 2016

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Financial industry giants join $50m Digital Asset Holdings funding round

Digital Asset Holdings, the blockchain startup helmed by former JP Morgan luminary Blythe Masters, has raised more than $50 million in a funding round joined by some of the biggest names in financial services, including Citi, Deutsche Börse and Santander InnoVentures. One of the investors, the ASX, has also handed Digital Asset a contract to design a post-trade settlement system using distributed ledger technology.

21 January 2016

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Tullett Prebon to acquire Icap's hybrid voice broking and information assets

Tullett Prebon is to acquire Icap's hybrid voice broking and information businesses for about £1.1 billion in a reverse takeover deal.

11 November 2015

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Icap takes stake in regulatory reporting firm Abide Financial

Interdealer broker Icap has made a 'transformational' investment in regulatory reporting outfit Abide Financial.

07 September 2015

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Icap invests in portfolio reporting and data analytics firm EFM

Interdealer broker Icap has made a strategic investment in Enso Financial Management (EFM), an early-stage provider of portfolio reporting and data analytics services to hedge funds and asset managers.

20 June 2013

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Icap sells Traiana stake to banks

Icap has sold a 12% stake in Traiana to a group of seven bank customers in a deal valuing the foreign exchange post-trade processing platform at $300 million.

14 January 2013

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Icap makes investment in Model Two Zero

Icap has made a Series A investment in London-based reconciliation vendor Model Two Zero.

04 December 2012

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CME to set up European derivatives exchange

CME Group, operator of the world's largest futures exchange, has applied to the Financial Services Authority to establish a European derivatives market based in London.

20 August 2012

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Plus IT team agree buy-out of trading technology arm; shareholder row intensifies

Plus Markets is to sell its technology platform to Forum Trading, a new company whose founder shareholders consist of Hirander Misra, the former co-founder and COO of Chi-X Europe, Tony Harrop, the chief technology officer of Plus Markets Group, Richard Atkins, formerly head of trading system management & development at the London Stock Exchange and all eight employees of the Plus-TS technology team.

15 June 2012

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Icap lifts Plus purchase price to £500,000 in an effort to win over shareholders

Icap has moved to appease dissident shareholders looking to derail its acquisition of Plus Stock Exchange by raising the purchase price to £500,000 from £1.

14 June 2012

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Turmoil at Plus Markets continues as dissident shareholders look to oust executives

Dissident shareholders of Plus Markets Group have tabled a resolution to oust the chairman and chief executive over their proposals to sell the small cap exchange business to Icap for £1.

07 June 2012

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Plus Markets dismisses rival bid to Icap's £1 takeover of Plus SX

Plus Markets has turned down a rival bid for small cap exchange Plus SX from Gulf Merchant Bank in favour of an agreed £1 cash offer from interdealer broker Icap.

01 June 2012

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