ECN

MultiBank Group Revolutionizes Finance with the Launch of MEX Exchange, the First Global ECN in the BRICS & GCC

Retrieved on: 
月曜日, 5月 20, 2024
Banking, Fintech, Professional Services, Finance, Prime brokerage, BRICS, GCC, Growth, MultiBank Group, ECN, Intel Extreme Masters, Multimedia

MEX Exchange is poised to break the regional dominance of the USA and Europe in the global ECN market and become the world’s leading venue.

Key Points: 
  • MEX Exchange is poised to break the regional dominance of the USA and Europe in the global ECN market and become the world’s leading venue.
  • View the full release here: https://www.businesswire.com/news/home/20240520117548/en/
    MultiBank Group Revolutionizes Finance with the Launch of MEX Exchange, the First Global ECN in the BRICS & GCC (Photo: Business Wire)
    MEX Exchange has been built by seasoned team of developers, utilising proprietary technology, under the direction of MultiBank Group Founder Naser Taher and MEX Exchange CEO, David Ogg, who is widely recognized as the creator of the first institutional ECN.
  • Within two to three years, MEX Exchange will have a profound global impact, delivering substantial financial returns and profits.
  • As the only ECN inter-bank trading platform based in the GCC and BRICS countries, we’re at the forefront of change and innovation.”

Bakkt Reports First Quarter 2024 Results

Retrieved on: 
水曜日, 5月 15, 2024
Blockchain, Cryptocurrency, Finance, Asset Management, Banking, Professional Services, Technology, Digital Cash Management, Digital Assets, Bitcoin, Crypto, ECB, AFS, Unchained, Corporation, Bank statement, Sale, Common, Bakkt, ECN, Common stock, Reverse stock split, Comp

As such, the Reverse Stock Split has been retroactively applied to all figures throughout this document (unless otherwise noted).

Key Points: 
  • As such, the Reverse Stock Split has been retroactively applied to all figures throughout this document (unless otherwise noted).
  • Corporate restructuring – On May 2, completed severance of 28 employees that will take effect in the second quarter as part of Bakkt’s broader expense restructuring initiative.
  • Full year 2024 crypto costs expected to be $2,934 million - $4,365 million, in line with gross crypto revenues.
  • Bakkt will host a conference call at 5:00 PM ET, May 15, 2024.

Aviz and TensorWave Collaborate to Enhance GPU Services with Advanced RoCE-based AI Fabrics

Retrieved on: 
水曜日, 5月 15, 2024
Technology, Networks, Artificial Intelligence, Converge, Explicit Congestion Notification, AMD, NOS, ONES, Machine learning, Application-specific integrated circuit, AMD Instinct, Anomaly, Sonic, PFC, AI, RDMA, Service, Graphics processing unit, ECN, GPU, Video game

The collaboration is focused on intelligent networks powering AI by implementing RoCE (RDMA over Converged Ethernet)-based AI fabrics to optimize GPU as a service offerings.

Key Points: 
  • The collaboration is focused on intelligent networks powering AI by implementing RoCE (RDMA over Converged Ethernet)-based AI fabrics to optimize GPU as a service offerings.
  • TensorWave has quickly established itself as a leader in providing GPU as a service, and this collaboration will only amplify its capabilities.
  • The integration of Aviz technology will enable the management and operations of multi-vendor RoCE-based AI fabrics, crucial for handling diverse GPUs, DPUs, and high radix switches.
  • Aviz Networks champions Networks for AI and AI for Networks, focusing on the next generation of networking with its Networking 3.0 stack.

Crossover Markets Becomes First Crypto ECN to Integrate with Talos

Retrieved on: 
月曜日, 5月 13, 2024
Partnership, ECN, Entrepreneurship, Crossover

NEW YORK and LONDON, May 13, 2024 /PRNewswire/ -- Crossover Markets, a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, and Talos, the premier provider of institutional technology for trading digital assets, today announced that Crossover's CROSSx institutional crypto trading venue has been integrated with the Talos trading platform, joining Talos's existing provider network. CROSSx is the first ECN to integrate with Talos.

Key Points: 
  • CROSSx is the first ECN to integrate with Talos.
  • As a result of this integration, Talos users will have access to CROSSx's tailored liquidity, high-speed trade execution and tight spreads.
  • "Talos delivers transparency in post-trade analytics to institutional clients that are experiencing a material change in market structure," said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets.
  • "Talos and Crossover Markets share a heritage rooted in traditional finance and a mission of delivering a trading experience that meets the unique requirements of institutions," said Anton Katz, Co-Founder and CEO of Talos.

ECN Capital Reports US $0.00 in Adjusted Net Income per Common Share in Q1-2024 Triad results significantly improved and ECN ahead of quarterly guidance

Retrieved on: 
木曜日, 5月 9, 2024
TSX, ECN, Income Tax Act, ECN Capital, Growth

TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended March 31, 2024.

Key Points: 
  • TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended March 31, 2024.
  • “Q1 marks the beginning of a rebound from a difficult 2023”, said Steven Hudson, CEO of ECN Capital Corp. “I am pleased to deliver results that are ahead of our Q1 guidance of ($0.01)-($0.02).
  • ECN’s businesses have exceeded expectations and are well positioned to deliver growth in 2024.
  • Our management teams are driving operational improvements that will enhance and deepen our relationships with manufacturers, dealers and consumers.

ECN Capital Schedules Q1-2024 Conference Call

Retrieved on: 
木曜日, 4月 25, 2024
TSX, ECN

TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended March 31, 2024, after markets close on Thursday, May 9, 2024.

Key Points: 
  • TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or “the Company”) announced today that it intends to file its financial statements and management discussion and analysis for the three-month period ended March 31, 2024, after markets close on Thursday, May 9, 2024.
  • The Company will host an analyst briefing to discuss these results commencing at 5:30 PM (ET) on Thursday, May 9, 2024.
  • The call can be accessed as follows:

Crossover Markets Reports $3.15 Billion in Q1 Volumes

Retrieved on: 
木曜日, 4月 25, 2024
Entrepreneurship, ECN, OTC, OXO, Growth

LONDON, April 25, 2024 /PRNewswire/ -- Crossover Markets Group, Inc., a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, today announced several key performance indicators from Q1 trading on its flagship digital assets platform CROSSx.

Key Points: 
  • LONDON, April 25, 2024 /PRNewswire/ -- Crossover Markets Group, Inc. , a digital asset technology firm focused on meeting the unique liquidity requirements of institutions, today announced several key performance indicators from Q1 trading on its flagship digital assets platform CROSSx .
  • "After several quarters of consistent growth, we are thrilled to report CROSSx data that reveals we are the fastest venue and among the fastest-growing institutional venues in the digital world," said Brandon Mulvihill, Co-Founder and CEO of Crossover Markets.
  • Mulvihill added, "Our growth is also driving continued increases in the percentages of trades that are 'Order Crossing Order' (OXO).
  • Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform's capacity.

Strategic Execution and Corporate Simplification Continues – ECN Capital Announces Completion of the Sale of Red Oak Inventory Finance to BharCap Partners

Retrieved on: 
木曜日, 3月 21, 2024
RV, Sale, LLP, TSX, Housing, Cravath, Swaine & Moore, Red oak, ECN, RBC Capital Markets

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners.

Key Points: 
  • TORONTO, March 21, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners.
  • The transaction closed on February 21, 2024.
  • This transaction is another milestone in ECN Capital’s corporate simplification plan and strategic review process for the Company’s RV & Marine platform.
  • RBC Capital Markets acted as sole financial advisor to the Company, and Cravath, Swaine & Moore LLP acted as legal advisor to the Company in connection with the transaction.

ECN Capital Reports US ($0.05) in Adjusted Net (Loss) per Common Share in Q4-2023

Retrieved on: 
木曜日, 3月 21, 2024
Income Tax Act, ECN Capital, Controller, TSX, ECN, Triad

TORONTO, March 21, 2024 (GLOBE NEWSWIRE) --  ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2023.

Key Points: 
  • TORONTO, March 21, 2024 (GLOBE NEWSWIRE) --  ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period and year ended December 31, 2023.
  • For the three-month period ended December 31, 2023, ECN Capital reported Adjusted net (loss) applicable to common shareholders from continuing operations of ($13.5) million or ($0.05) per share (basic) versus $0.5 million or $0.00 per share (basic) for the previous three-month period and $4.1 million or $0.02 per share (basic) for the same period last year.
  • Adjusted EBITDA for the three-month period ended December 31, 2023 was $5.5 million versus $24.1 million for the previous three-month period and $24.6 million for the same period last year.
  • ECN Capital also announced today that Michael Lepore, Chief Financial Officer, is stepping down effective March 31, 2024.

ECN Capital Declares First Quarter 2024 Preferred Share Dividend

Retrieved on: 
金曜日, 3月 15, 2024
TSX, Income Tax Act, ECN

TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) announced today that the Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) to be paid on April 1, 2024 to shareholders of record as of close of business on March 22, 2024.

Key Points: 
  • TORONTO, March 15, 2024 (GLOBE NEWSWIRE) -- ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) announced today that the Company’s Board of Directors has authorized and declared a quarterly dividend of C$0.4960625 per outstanding Cumulative 5-Year Rate Reset Preferred Share, Series C (TSX: ECN.PR.C) to be paid on April 1, 2024 to shareholders of record as of close of business on March 22, 2024.
  • This dividend is designated to be an eligible dividend for purposes of section 89(1) of the Income Tax Act (Canada).