M&A

New start-up hedge fund Jain Global – product of former Credit Suisse and Millennium Management veteran Bobby Jain – previously selected 3forge’s platform to support its trading activities. 

Kepler Cheuvreux has also been granted a license to operate as an authorised firm by the Dubai Financial Services Authority (DFSA) and opened an office in the Dubai International Financial Centre.

Cboe Global Markets will receive a transfer of SBI Holdings’ ownership interest in Japannext, subject to regulatory approval.

One of the key initiatives the capital injection is set to contribute to is the construction and fit-out of MIAX’s new physical trading floor in Miami, Florida for MIAX Sapphire.

Initially expected to close in Q1 2024, the deal is the second and final part of Trading Technologies’ acquisition of Abel Noser’s offerings.

Announced in April, the $785 million transaction will see Tradeweb add corporate treasury professionals as a fourth client channel.

“Quod has integrated all of the historical market data now, which gives us and them, the opportunity to onboard more and more clients within that space even more efficiently,” Rob Kirby, head of EMEA sales and business development at QuantHouse, tells The TRADE.

The deal, once approved, will see Clear Street enhance its equity trading capabilities for the buy- and sell-side; transaction expected to close in Q3 2024.

Through the acquisition of Elwood Technologies, Zodia Markets will “significantly” enhance its digial asset services and the diversification of its offering; following close the new entity will be known as Zodia Markets Jersey.

The transaction will see Impax AM add Absalon’s global high yield and emerging market corporate debt strategies to its fixed income range.