DCM

DCM Repays Balance of $30 million Term Loan from Sale of its Fergus, Ontario Facility for Gross Proceeds of $6.75 Million

Retrieved on: 
Thursday, December 7, 2023

Net proceeds realized on the sale of the property were $6.5 million, and, together with funds from working capital, have been applied towards repayment of the $6.9 million remaining balance outstanding on the Company’s $30 million term loan with a Canadian chartered bank.

Key Points: 
  • Net proceeds realized on the sale of the property were $6.5 million, and, together with funds from working capital, have been applied towards repayment of the $6.9 million remaining balance outstanding on the Company’s $30 million term loan with a Canadian chartered bank.
  • DCM entered into the term loan in connection with the acquisition of Moore Canada Corporation in April 2023.
  • The loan was previously reduced by the net proceeds realized from the sale and leaseback of the Company’s Oshawa warehouse facility.
  • DCM also announced that the planned sale and leaseback of its Trenton, Ontario facility is expected to close early in the first quarter of 2024, generating net proceeds of approximately $8.7 million.

Bitnomial Becomes First Crypto-Native Exchange to be Granted Full Set of CFTC Derivatives Licenses

Retrieved on: 
Wednesday, December 13, 2023

CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Bitnomial, a US-regulated digital asset derivatives exchange, today was granted a US clearinghouse license to clear margined digital asset futures and options trades, making it the first and only crypto-native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses. Moreover, Bitnomial is the only US exchange with margined, physically delivered digital asset derivatives, meaning customers can receive actual ownership of digital assets on a leveraged basis rather than just a cash payout at settlement.

Key Points: 
  • CHICAGO, Dec. 13, 2023 /PRNewswire/ -- Bitnomial, a US-regulated digital asset derivatives exchange, today was granted a US clearinghouse license to clear margined digital asset futures and options trades, making it the first and only crypto-native exchange with a full set of US derivatives exchange, clearinghouse, and broker licenses.
  • The license was approved by four to one vote at the CFTC December Open Meeting today.
  • This diverse group of investors demonstrates support for a fully CFTC regulated digital asset derivatives venue from both traditional finance and crypto-native investors.
  • Hoersten concluded, "We would like to thank CFTC Chairman Behnam, the Commissioners, and especially CFTC DCR staff for their coordination and hard work throughout the licensing process.

Visionary leader, Tracey Brown, joins Vertafore to take its distribution and compliance business to the next level

Retrieved on: 
Tuesday, December 12, 2023

DENVER, Dec. 12, 2023 /PRNewswire/ -- Vertafore ®, the leader in modern insurance technology, has named Tracey Brown to head its distribution and compliance management (DCM) segment.

Key Points: 
  • DENVER, Dec. 12, 2023 /PRNewswire/ -- Vertafore ®, the leader in modern insurance technology, has named Tracey Brown to head its distribution and compliance management (DCM) segment.
  • Vertafore® names Tracey Brown to head its distribution and compliance management (DCM) segment.
  • Brown comes to Vertafore with more than 25 years of experience in leadership roles in product management, client experience and service, and professional services.
  • Tracey has the experience and passion needed to deliver the value and innovation our customers are looking for to grow their businesses."

Miami International Holdings Reports November 2023 Trading Results; YTD Options and Equities Volumes Remain at Record Levels

Retrieved on: 
Friday, December 8, 2023

Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 23.3% increase from the same period in 2022.

Key Points: 
  • Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 23.3% increase from the same period in 2022.
  • MIAX Options reached a record YTD volume of 582.6 million contracts, up 16.2% from the same period in 2022.
  • MIAX Pearl Options reached a record YTD volume of 600.8 million contracts, up 53.1% from the same period in 2022.
  • MIAX Pearl Equities reached a record YTD volume of 42.5 billion shares, up 55.2% from the same period in 2022.

Miami International Holdings Reports November 2023 Trading Results; YTD Options and Equities Volumes Remain at Record Levels

Retrieved on: 
Friday, December 8, 2023

Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 23.3% increase from the same period in 2022.

Key Points: 
  • Total year-to-date (YTD) volume reached a record 1.5 billion contracts, a 23.3% increase from the same period in 2022.
  • MIAX Options reached a record YTD volume of 582.6 million contracts, up 16.2% from the same period in 2022.
  • MIAX Pearl Options reached a record YTD volume of 600.8 million contracts, up 53.1% from the same period in 2022.
  • MIAX Pearl Equities reached a record YTD volume of 42.5 billion shares, up 55.2% from the same period in 2022.

FINCAP Advisers Group of companies joins Russell Bedford in Cyprus

Retrieved on: 
Friday, December 1, 2023

LONDON, Dec. 1, 2023 /PRNewswire-PRWeb/ -- Global professional services network, Russell Bedford International, has announced the appointment of FINCAP Advisers Ltd ("FINCAP") and its related subsidiaries (Reg4Tech Ltd, Finmatek Ltd and Fincap Fund Solutions Ltd) as an additional network member in Cyprus.

Key Points: 
  • During the visit, Russell Bedford CEO, Stephen Hamlet, presented an official Russell Bedford plaque to managing partner of FINCAP, Demetris A. Tsingis.
  • Speaking about the appointment, Russell Bedford CEO, Stephen Hamlet, said: "I am delighted to welcome FINCAP Advisers Group of companies as an additional member firm in Cyprus.
  • Demetris A. Tsingis, managing partner of FINCAP Advisers, added: "Joining Russell Bedford International is an exciting and strategic move for FINCAP and our people.
  • Emmanuel Dupeux, Russell Bedford global board director for EMEA, added: "I'm very pleased to welcome FINCAP Advisers to our network in Cyprus.

DATA Communications Management Corp. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023

DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, today reported its third quarter 2023 financial results.

Key Points: 
  • DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, today reported its third quarter 2023 financial results.
  • The closure of one of these facilities in Edmonton, Alberta, will be finalized by December 2023.
  • Mr. Kellam, and James Lorimer, CFO, will present the third quarter 2023 results followed by a live Q&A period.
  • TABLE 1 The following table sets out selected historical consolidated financial information for the periods noted.

Miami International Holdings Reports October 2023 Trading Results; YTD Options and Equities Volumes at Record Levels with MIAX Pearl Equities Reaching a Record 2.38% Market Share

Retrieved on: 
Tuesday, November 7, 2023

MIAX Options reached a monthly volume of 50.3 million contracts, an 8.2% increase YoY and representing a monthly market share of 5.70%, a 1.9% increase YoY.

Key Points: 
  • MIAX Options reached a monthly volume of 50.3 million contracts, an 8.2% increase YoY and representing a monthly market share of 5.70%, a 1.9% increase YoY.
  • MIAX Pearl Options reached a monthly volume of 53.4 million contracts, a 48.8% increase YoY and representing a monthly market share of 6.06%, a 40.1% increase YoY.
  • MIAX Pearl Options reached a record YTD volume of 552.6 million contracts, up 55.8% from the same period in 2022.
  • In addition, MIAX Pearl Equities set a daily market share record of 2.77% on October 19, 2023, with a record daily volume of 333.2 million shares.

Miami International Holdings Reports October 2023 Trading Results; YTD Options and Equities Volumes at Record Levels with MIAX Pearl Equities Reaching a Record 2.38% Market Share

Retrieved on: 
Tuesday, November 7, 2023

MIAX Options reached a monthly volume of 50.3 million contracts, an 8.2% increase YoY and representing a monthly market share of 5.70%, a 1.9% increase YoY.

Key Points: 
  • MIAX Options reached a monthly volume of 50.3 million contracts, an 8.2% increase YoY and representing a monthly market share of 5.70%, a 1.9% increase YoY.
  • MIAX Pearl Options reached a monthly volume of 53.4 million contracts, a 48.8% increase YoY and representing a monthly market share of 6.06%, a 40.1% increase YoY.
  • MIAX Pearl Options reached a record YTD volume of 552.6 million contracts, up 55.8% from the same period in 2022.
  • In addition, MIAX Pearl Equities set a daily market share record of 2.77% on October 19, 2023, with a record daily volume of 333.2 million shares.

Data Communications Management Corp. to Announce Third Quarter 2023 Results on November 8, 2023

Retrieved on: 
Friday, November 3, 2023

DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, will announce its Third Quarter 2023 results the evening of Wednesday, November 8, 2023.

Key Points: 
  • DATA Communications Management Corp. (TSX: DCM; OTCQX: DCMDF) (“DCM” or the "Company"), a leading provider of marketing and business communication solutions to companies across North America, will announce its Third Quarter 2023 results the evening of Wednesday, November 8, 2023.
  • The Company will host a conference call and webcast on Thursday, November 9, 2023, at 9:00 a.m. Eastern time.
  • Richard Kellam, President and CEO of DCM, and James Lorimer, CFO, will present the Third Quarter 2023 results followed by a live Q&A.
  • To join the webcast (via Microsoft Teams) on your computer, mobile app or room device