ACQUISITION

The transaction will allow Schwab to increase its fixed income separately managed account business.

The acquisition marks further consolidation in the brokerage industry.

This is the first time a US-based fintech firm took over a regulated bank.

The financial details of the deal are not disclosed.

The health emergency has spooked investors across the globe, but has it influenced trading volumes for brokers?

The sum involved in the deal is undisclosed.

The deal announced today was reached after 12 months of talk.

The acquisition was made before the launch of its services later this year.

The exchange operator said it is not in negotiations regarding the sale with eBay.

The combined entity would be the fourth-largest company in the payments sector.

The acquisition completes the company’s series of purchases to ensure a smooth Brexit transition.

The acquisition was confirmed in August of last year.

The company will form a merged entity with the new acquisition.

The last day of trading on the MahiFX platform will be the 23rd of December 2019.

The broking business of the company covers more than 170 trading markets in equities and fixed income.

The transaction is expected to be completed in the first half of 2020.

The exchange is likely to receive a green light from the FMA for the acquisition.

Charles Schwab will acquire the company for a deal valued at approximately $26 billion.

Binance has acquired the platform in order to launch multiple fiat-to-crypto gateways.

The deal closed on November 1, 2019.

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