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Trading Technologies to acquire Abel Noser Solutions

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Industry-leading provider of TCA for institutional investors further enhances TT® cross-asset offering

CHICAGO and NEW YORK, Aug. 22, 2023 /PRNewswire/ — Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, and Abel Noser Solutions, LLC (ANS) announced today a definitive agreement for TT to acquire ANS, the industry-leading provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners. Terms of the transaction, expected to close on Aug. 31, were not disclosed.

The acquisition represents TT’s extension into the multi-asset data and analytics space, further building on its expansion into new asset classes. In June, TT announced the establishment of a new foreign exchange (FX) business line, TT FX, following its entry into the fixed income space in March with the acquisition of AxeTrading. TT has long been a leader in technology solutions for listed derivatives.

Abel Noser Solutions, the fintech subsidiary of Abel Noser Holdings, provides comprehensive pre-trade, real-time and post-trade TCA products and services to both the buy side and sell side for a range of asset classes, including global equities, FX, futures, fixed income and options. Abel Noser also offers a broad range of compliance reporting, trade surveillance and algorithmic trading solutions.

TT CEO Keith Todd said: “This acquisition enhances our appeal to the buy side with an offering that spans multiple asset classes which we can fortify with the wealth of anonymized data harnessed through our platform. Abel Noser’s pioneering solutions have for decades been critical to the success of buy-side participants across the globe who recognize that the ability to reliably analyze transaction costs is essential. We intend to introduce the tools into the listed derivatives space through our vast client base, build on Abel Noser’s FX TCA capabilities as we roll out our new TT FX initiative and offer the firm’s clients the full breadth of TT services available.”

Peter Weiler, Abel Noser CEO, said: “We are delighted to become a part of the TT family. Our complementary multi-asset platform offerings will drive our business to new heights by continuing to deliver exceptional service and additional product innovation at an accelerated pace to our clients. This strategic move represents a significant milestone in our company’s history and will enable us to leverage the global reach of TT to better serve our customers and offer broader opportunities to our employees and partners.” 

As a result of the acquisition, Abel Noser’s TCA and regulatory services will be made available to TT clients. Abel Noser’s clients will be able to leverage the comprehensive services and functionality of the TT platform. Over time, Abel Noser’s analytics will be integrated into the TT platform.

Abel Noser LLC, an agency-only brokerage that provides a range of trading services and analytics for investment managers, asset owners, investment consultants and brokers, is not part of the transaction and will continue to operate as an independent agency-only execution broker-dealer.

TT will acquire START, a broker-neutral trade optimization platform, from Abel Noser LLC in a second transaction expected to close by the first quarter of 2024.

Foley & Lardner LLP is acting as legal advisor to TT. Ardea Partners LP is serving as financial advisor, and Seward & Kissel LLP is acting as legal advisor to Abel Noser Holdings.

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About Trading Technologies

Trading Technologies (www.tradingtechnologies.com) is a Software-as-a-Service (SaaS) technology platform provider to the global capital markets industry. The company’s award-winning TT® platform connects to the world’s major international exchanges and liquidity venues in listed derivatives alongside a growing number of asset classes, including fixed income and cryptocurrencies. The TT platform delivers advanced tools for trade execution and order management, market data solutions, analytics, trade surveillance, risk management and infrastructure services to the world’s leading sell-side institutions, buy-side firms and exchanges. The company’s blue-chip client base includes the Tier 1 banks as well as brokers, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. These firms rely on the TT ecosystem to manage their end-to-end trading operations. In addition, exchanges utilize TT’s technology to deliver innovative solutions to their market participants. TT also strategically partners with technology companies to make their complementary offerings available to Trading Technologies’ global client base through the TT ecosystem.

About Abel Noser Solutions

Abel Noser Solutions has long been respected as a leader in the campaign to lower the costs associated with trading. The company is the industry-leading provider of transaction cost analysis with over 350 global clients subscribing to its multi-asset TCA and compliance products directly or through a network of resellers, distribution partners and strategic alliances. In 2022, Abel Noser was named the Top “Best-in-Class” Vendor in the Global Multi-Asset Class TCA Aite Matrix Report. Learn more at www.abelnoser.com.

Abel Noser

 

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Hitting Milestones, Coinstar and BBC Children in Need Celebrate Together with £1.6 Million in Donations

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BATH, England, Nov. 1, 2024 /PRNewswire/ — Celebrating a 20-year partnership in 2024, and with donations surpassing the £1.6 million mark, Coinstar® and BBC Children in Need are commemorating these exciting milestones and raising more funds for this year’s Make Life Lighter campaign supporting young lives to be the best they can be. Right now, BBC Children in Need are only able to help 1 in 8 organisations who approach the charity for funding. With 30% of all children in the UK living in poverty, donors’ support matters more than ever.

To celebrate 20 years of partnership, Coinstar’s team of Business Development Manager Sarah Chappell, Field Technician Nick Metcalfe and International Deployment Manager Kevin Parks got involved in the BBC Children in Need 2024 Yorkshire 3-Peaks Challenge this September, walking 24 miles in 12 hours with ascents of 5200ft, and they raised an impressive £2,200 through sponsorship.

Sarah Chappell, Business Development Manager at Coinstar said “It is a privilege to present the £1.6 million to BBC Children in Need and help support their fantastic work across the UK, supporting children and young people to thrive and be the best they can be.

I’d also like to say a massive thank you to every member of the public who has donated their coins for the last 20 years, using a Coinstar kiosk to deposit and count their coins. Your generosity is amazing.

Once again, our kiosks are open for fee-free donations from November 1st right through to December 14th so do find your nearest Coinstar kiosk and donate to BBC Children in Need and help to Make Life Lighter for children across the UK.

Claire Hoyle, Director of Income, Marketing and Communications at BBC Children in Need said “We’ve been working with Coinstar for an incredible 20 years! Their support, dedication and fundraising activities have allowed us to continue supporting children and young people across the UK and we couldn’t be more grateful. Over the course of the partnership, the generosity of both Coinstar colleagues and customers has been overwhelming. We’re looking forward to working together and changing the lives of young people for many more years to come.

BBC Children in Need funds people and places across the UK, in the communities where you live, supporting amazing people in family centres, community spaces, youth clubs and refuges; homeless shelters, hospices and helplines in England, Scotland, Wales and Northern Ireland and are currently funding nearly 1,500 projects from Shetland to the Channel Islands. BBC Children in Need projects work tirelessly in every corner of the UK. In 2022/23, BBC Children in Need helped support 340,000 children and young people.

If you have some spare coins, use the kiosk locator at https://coinstar.co.uk/findamachine to find your nearest Coinstar kiosk and make a donation to BBC Children in Need, fee-free from today, and help make life lighter for children and young people across the UK.

About Coinstar
Coinstar® is the global leader in self-service coin counting with 24,000 kiosks in North America, United Kingdom, and Western Europe. More than 900 billion coins have been processed since Coinstar’s inception in the early 1990s. Coinstar is also the leader in self-service coin counting services in the UK, with around 2,000 kiosks across 4 major supermarket partners. Coinstar is upgrading its kiosk portfolio to accept notes, secure card readers and barcode scanners to serve a growing need for essential cash services across the country.

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Xinhua Silk Road: Financial co-op for global common dev’t under spotlight at forum held in E. China’s Shanghai Jing’an

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BEIJING, Nov. 1, 2024  /PRNewswire/ — Government officials, representatives from global asset management industry, and experts from home and abroad discussed how to promote global common development through financial cooperation as they gathered for the Global Asset Management Forum 2024 Shanghai Suhewan Conference held in Jing’an District of east China’s Shanghai Municipality from October 26 to 27.

Themed “Promoting Global Common Development through Financial Cooperation”, the forum is a high-end communication platform for asset management sector jointly crafted by Jing’an District and Global Asset Management Forum (GAMF). It consisted of one plenary session, three international dialogues, four parallel closed door meetings, and multiple sub-forums.

During sub-forums, executives from global asset management institutes including Morgan Stanley, the Pictet Group of Switzerland, and PineBridge Investments conducted in-depth exchanges. They shared insightful views on topics of common concern such as development trends of financial industry, financial services-empowered technological innovation, long-term fund management, ESG investment, financial cooperation and development, global economic outlook, and trends of asset management industry, hoping to continue to enhance mutual understanding, trust, and cooperation among countries under current complex circumstances. They also probed into new paths for future development of long-term fund management, asset management, and wealth management.

With its financial strength and vibrant innovation, Jing’an is becoming a critical destination for domestic and international financial investment. It is home to more than 500 financial entities across sectors such as securities, asset management, futures, banking, insurance, and funds. In the first half of the year, Jing’an saw the added value of its financial industry reach 30.28 billion yuan (about 4.25 billion U.S. dollars), taking the largest share in the district’s GDP among all industries.

So far, private equity firms ranking high on the list of PEI 300, which measures the five-year fundraising totals of the world’s biggest private equity firms, and entering the Chinese market have settled in Jing’an.

Meanwhile, the financial hub in Shanghai has carried out investment service promotion campaigns in London, Milan, and the United Arab Emirates since 2023 to establish connections with high-quality foreign investment institutions.

Original link: https://en.imsilkroad.com/p/342888.html

Photo – https://mma.prnewswire.com/media/2546524/Xinhua_Silk_Road.jpg

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CCR – Results for the 3rd quarter of 2024

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SÃO PAULO, Nov. 1, 2024 /PRNewswire/ —

Highlights

  1. The Company announced the extension of Renovias’ term until April 13, 2026. Further details can be found in the regulatory matters section.
  2. Record traffic in all platforms, with growths of 4.4% in toll roads, 5.1% in urban mobility, and 8.8% in airports.
  3. CCR announced that will start the payment of dividends, totaling R$ 304 million, on November 29, 2024.
  4. CCR won the auction for the Sorocabana Route. The fixed grant amount offered was R$1.6 billion.

Consolidated Operational and Financial Highlights

OPERATIONAL AND FINANCIAL HIGHLIGHTS (R$ MM)

3Q23

3Q24

Var.%

9M23

9M24

Var.%

Consolidated Adjusted Net Revenue¹

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3,416

3,782

10.7 %

9,745

10,748

10.3 %

Consolidated Adjusted EBITDA¹

2,122

2,190

3.2 %

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5,853

6,265

7.0 %

Adjusted EBITDA – Toll Roads

1,549

1,621

4.6 %

4,375

4,653

6.4 %

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Adjusted EBITDA – Mobility

552

571

3.5 %

1,422

1,561

9.8 %

Adjusted EBITDA – Airports

235

274

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16.5 %

632

793

25.4 %

Adjusted EBITDA – Others

(214)

(276)

28.8 %

(575)

(742)

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29.0 %

Consolidated Adjusted EBITDA Margin²

62.1 %

57.9 %

-4.2 p.p.

60.1 %

58.3 %

-1.8 p.p.

Adjusted Net Income¹

502

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560

11.7 %

1,022

1,420

38.9 %

Net Debt/LTM Adjusted EBITDA (x)

2.9

3.1

0.2 p.p.

2.9

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3.1

0.2 p.p.

Toll Roads – Equivalent Vehicles (million)

300.9

314.0

4.4 %

869.3

909.6

4.6 %

Mobility – Transported Passengers (million)

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184.3

193.6

5.1 %

529.2

560.6

5.9 %

Airports – Boarded Passengers (million)

4.8

5.2

8.8 %

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13.5

14.6

8.4 %

CAPEX³

1,331

2,101

57.9 %

4,190

4,982

18.9 %

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  1. Excludes construction revenue and expenses. Adjustments are described in the “non-recurring effects” section in Exhibit I.
  2. The Adjusted EBITDA Margin was calculated by dividing Adjusted EBITDA by Adjusted Net Revenue.
  3. Includes improvement works that do not generate future economic benefits for ViaOeste.

Videoconference

Conference call in Portuguese with simultaneous translation into English:
November 1st, 2024
10:00 a.m. São Paulo / 09:00 a.m. New York
Videoconference link:
https://grupoccr-br.zoom.us/webinar/register/WN_BwhScwe7RiiCHKDSZ1znTg 

 IR Contacts

Flávia Godoy:     (+55 11) 3048-5900 – [email protected]
Douglas Ribeiro: (+55 11) 3048-5900 – [email protected]
Cauê Cunha:      (+55 11) 3048-5900 – [email protected]
Igor Yamamoto: (+55 11) 3048-5900 – [email protected]
Caique Moraes:  (+55 11) 3048-5900 – [email protected]

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