Latest news with #marketmaker
Yahoo
7 days ago
- Business
- Yahoo
Marex Group plc (MRK) to Acquire Winterflood Securities
Marex Group plc (NASDAQ:MRX) is one of the . On July 25, Marex Group plc (NASDAQ:MRX) announced that it has agreed to acquire Winterflood Securities from Close Brothers for £103.9 million in cash. Winterflood is a major UK equity market maker, serving more than 400 institutional clients and has a 15% share of London Stock Exchange trading by volume. Marex Group plc (NASDAQ:MRX) is paying £15 million more than the company's value. Management noted that this strategic move will strengthen the company's UK cash equities business as the company plans to gain new clients and expand its services for asset and wealth management firms. The deal is subject to regulatory approvals and is expected to be completed by early 2026. A close-up of a laptop with a modern user interface for a consumer finance service. Marex Group plc (NASDAQ:MRX) is an international financial services company that provides essential liquidity, market access and infrastructure services to its clients. While we acknowledge the potential of MRX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
30-05-2025
- Business
- Bloomberg
Jump India Said to Hire Akhtar From IMC in Top Technology Role
Jump India, the local arm of global market maker Jump Trading, has hired Javed Akhtar to lead its technology division, according to people familiar with the matter. Akhtar, whose title hasn't been finalized, will join later this year, the people said, asking not to be named as the information is private. The software engineer had been at IMC India since 2008 and was based in Amsterdam, Chicago and Sydney before moving back to India to serve as the firm's technology lead, according to his LinkedIn profile. He will remain in Mumbai.
