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DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), is strengthening its position in global financial markets with the acquisition of SmartStream Technologies.  DIFC Investments will acquire SmartStream, a UK provider of transaction management software, from Boston-based ...

10:00 September 24th 2007 in News, Institutional

StanChart Buys Amex Bank

Standard Chartered Bank is likely to have an increased presence in the foreign exchange markets after its purchase of American Express Bank (AEB). AEB, a wholly-owned subsidiary of American Express Company, services financial institutions and high net worth customers through ...
Agency brokerage and technology firms Investment Technology Group and BNY ConvergEx both separately bought Chicago-based broker dealers to expand their derivatives offerings in the last week.   ITG agreed to buy privately held RedSky Financial, a Chicago-based multi-asset class broker dealer ...
Two members of Cantor Fitzgerald’s empire have merged in a deal worth around $1.3bn, combining electronic and voice trading. eSpeed, an electronic trading market for bonds, and BGC, wholesale inter-dealer brokers of financial instruments, will merge to form BGC ...
Pundits who predicted that Reuters Founders Share would throw a spanner into Reuters' potential merger with Thomson Corporation were proved wrong last week; and the merger looks set to go ahead.   The Founders Share Company is a group of independent ...
Deutsche Brse, through its Eurex joint venture with SWX Swiss Exchange, and the International Securities Exchange (ISE) have agreed to merge, creating what will be the largest trans-Atlantic derivatives exchange.   Deutsche Brse Eurex and ISE signed a definitive agreement last ...
Just 24 hours before Reuters CEO Tom Glocer was scheduled to give a keynote presentation at the ACI's 46th World Congress in Montreal, the news hit that Canadian-owned Thomson Corporation was making a play for Reuters (Glocer did not speak in ...
Barclays, Britain's third biggest bank, said last week that it was in exclusive merger talks with ABN Amro. The proposed 80 billion merger would create Europe's largest cross-border transaction to date and the world's fifth largest bank   Barclays said a combined ...
State Street Corp. has completed its $564 million acquisition of online foreign exchange trading system provider Currenex.   The all-cash deal, announced on January 22, 2007, accelerates State Street's participation in the fast growing electronic foreign exchange trading market while significantly increasing and diversifying ...
Although initial reaction to State Street's $564 million acquisition of Currenex was one of surprise over the price paid, as reported in last week's Squawkbox, sources close to the companies say that at least two other expressions of interest were received ...