The Securities and Exchange Commission today announced that Merrill Lynch, Pierce, Fenner & Smith Incorporated will pay over $8 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs).
BlackRock (NYSE: BLK) today announced that it has made a binding offer and entered into an exclusive agreement, subject to the conditions below, to acquire 100% of the equity interests in eFront, the world’s leading end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for $1.3 billion in cash. The combination of eFront with Aladdin, BlackRock’s investment operating platform used by more than 225 institutions around the world, will set a new standard in investment and risk management technology.
The European Securities and Markets Authority (ESMA) has updated today the public register of those derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation (MiFIR).
Singapore-headquartered financial technology company Hydra X today announced a partnership with U.S.-based Seed CX, the institutional digital asset exchange headquartered in Chicago. Through its subsidiaries, Seed CX offers a licensed exchange for institutional trading and settlement of spot digital asset products, and plans to offer a market for CFTC-regulated digital asset derivatives.
IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, announces that institutional investors can now access an array of crypto-asset exchanges and OTC providers through the IPC Connexus Cloud, thanks to a new partnership with Omniex, an institutionally focused investment and trading platform for digital assets. The strength of the companies’ joint end-to-end solution security protocols, combined with the expanse and composition of IPC’s institutional community of over 6,400 global financial market participants, represents a groundbreaking milestone in the digital asset trading arena.