Interactive Brokers Launches Largest No-Load Mutual Fund Marketplace*

Massive Mutual Fund Availability at Low or No Cost to Citizens Worldwide Greenwich, Conn., United States: Interactive Brokers Group, Inc. (Nasdaq:IBKR) today announced the launch of its new Mutual Fund Marketplace, which offers availability to more than 25,000 mutual funds, including over 21,000 no load and 8,300 no transaction fee funds, from more than 290 fund families. The marketplace, which can be visited at ibkr.com/funds, is available to residents in over 200 countries and territories.“The Interactive Brokers...

China Rapid Finance Announces Completion of Asset Injection with YBT/SOS and Private Placement

China Rapid Finance Limited (NYSE: XRF) (the “Company“) today announced the closing of the asset injection and private placement transactions on May 15, 2020. Upon closing of the transactions, Yong Bao Two Ltd. (“YBT“), a holding company that controls SOS Information Technology Co., Ltd. (“SOS“) via contractual arrangements now becomes a wholly owned subsidiary of the Company.Fintech News YBT, through its consolidated subsidiaries, is a significant player in the emergency rescue business providing emergency healthcare services, emergency...

Darqube – Democratizing Financial Technology for Smarter Investing

Beating Wall Street means staying ahead of the curve. Darqube, a London based Fintech start-up, provides the solution that revolutionizes the way retail investors make their decisions. Current trading analytics tools for retail investors provide limited insights, while professional platforms used by financial institutions are too expensive. Studies show that 90% of retail traders lose money, and one of the reasons is the lack of access to technology. Machines perform over 80% of trades in the financial markets. Therefore, to generate profits...

Wedbush Securities Announces Minority Investment in ETF Managers Group

Wedbush Securities and ETF Managers Group (ETFMG) today announced that Wedbush has made a minority investment in ETFMG to support the continued growth of their innovative thematic ETF platform. The investment is a natural progression of the firms’ commercial relationship, built over the past two years, notably seen in their collaboration on three thematic equity ETFs in the market providing access to cannabis, cloud computing and video game technology. Wedbush’s commitment will fuel significant emerging...

Phoenix American Financial Services Inc. Announces the Hiring of Tony Olivo

Phoenix American Financial Services Inc. (Phoenix) announced today that the company has hired Tony Olivo as Vice President of Sales. Mr. Olivo will be responsible for implementing the company’s sales strategy, developing and maintaining an expanded client base for the fund accounting, investor services, back office outsourcing and technology solutions Phoenix provides to alternative investment funds. Mr. Olivo brings to Phoenix American fourteen years of industry experience, over ten of which were with Phoenix American. He began his financial...

Palisades Growth Capital Successfully Exits Ownership in Docupace

Palisades Growth Capital, a growth equity investment firm based in Los Angeles, today announced that it has sold its ownership interest in its portfolio company Docupace, the leading independent provider of cloud-based digital operations software for the wealth management industry, to FTV Capital. Financial terms of the transaction were not disclosed. Mark Tapling, CEO of Docupace, commented, “It was a pleasure to work with Palisades Growth, whose guidance and capital helped enhance the intrinsic value of our business....

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