The Chicago based CME has announced the launch of Micro Futures on Ethereum this is the latest development in the CMEs rollout of cryptocurrency derivatives. What are Ether Micro futures? Microfutures are futures contracts with a much smaller contract size than their standard lot cousins. In this case, the contracts are over the price of …
Canadian Robo-adviser Wealthsimple is leaving the UK market and is closing its operations here. Why is Moneyfarm taking over Wealthsimple’s clients? Wealthsimple is withdrawing from the UK Robo-advice market and will be transferring its 16,000 clients to rivals Moneyfarm, the Anglo Italian money manager. However, the deal with Moneyfarm does not include any of Wealthsimple’s …
What were the AJ Bell full-year numbers like? The full-year figures showed that AJ Bell enjoyed a year of record growth with customer numbers rising by 87,449 to 382,754. Assets Under Administration or AUA rose to £72.8 billion. Customer churn rates rose slightly, however, the business managed to retain 95.0% of its clients compared to …
AJ Bell rewards shareholders with a special dividend Read More »
Interactive Investor the subscription-based investment and share trading platform is being acquired by abrdn, as VC backer JC Flowers decides to make a trade sale rather than IPO, the London based company. Who is buying Interactive Investor? Interactive Investor is being acquired by ABDN the recently rebranded Aberdeen Standard Life one of the UK’s largest …
Interactive Investor to be acquired by abrdn for £1.49bn Read More »
UK-based equity crowdfunding platform Seedrs is to be acquired by US private investment rival Republic, subject to regulatory approval. What’s the background to the sale of Seedrs? The deal with Republic comes almost nine months after Seedrs was forced to abandon plans to sell out to its principal competitor Crowdcube following objections from the UK’s …
Seedrs is to become a Republic in a $100 million deal Read More »
IG Group has announced the potential disposal of its interests in NADEX and Small Exchange as the company seeks to rationalise its US operations. What businesses is IG selling? IG Group is proposing to sell the North American Derivatives Exchange or NADEX alongside its stake in Small Exchange Inc in a deal, that if, approved …
IG Group considers disposal of NADEX & Small Exchange for $216.0 million Read More »
Wise, the recently floated payments and currency transfer company, listed on the London Stock Exchange, has published its half-year report which covers trading up until the 30th of September. What were the Wise results like? The company put a positive spin on the numbers highlighting some of the achievements made, and milestones reached by the …
Wise continues to grow with a 46% leap in gross profits Read More »
Anglo American forex broker FXCM has launched a new service designed to make CFD trading more efficient and cost-effective for brokers. The new B2B service known as CFD Prime is part of the company’s FXCM Pro Initiative. What does the new service offer? CFD Prime will use FXCM’s balance sheet and infrastructure, some of which …
FXCM launches its CFD Prime service which will reduce B2B credit risks in OTC trading Read More »
AJ Bell, one of the UK’s largest online share dealing and investment platforms is launching a new service to compete with its low cost rivals. The new service will be known as Dodl. What is AJ Bell’s Dodl? Dodl is an app-based investment platform that will allow investors to trade a range of UK equities …
AJ Bell launches Dodl to compete with free investment platforms Read More »
Robo-advisor, Moneyfarm the Anglo Italian online wealth manager and investment firm, that matches clients with preselected portfolios, has passed an important milestone with £2bn in assets under management. How much Assets Under Management does Moneyfarm have? Moneyfarm has reached £2.0 billion of assets under management or AUM, the firm which was founded in Milan back …
Moneyfarm hits £2.0 billion in assets under management Read More »
