Diamond Head Financial Advisors

Wall Street | March 30, 2020

U.S. stock markets opened the week mostly higher, albeit paring early gains and trading generally in more nuanced fashion than has been usual in recent sessions, amid bargain-hunting and hopes for rapid progress in finding effective treatments to contain the Covid-19 outbreak. By 10:15 AM (1415 GMT), the Dow Jones Industrial Average was up 191 points, or 0.9% at 21,828 points. The S&P 500 was up 1.5% and theNASDAQ Composite was up 1.9%. The market took in its stride a sharp change in rhetori...

TRADING SYSTEMS

United Fintech, TTMzero | February 04, 2021

United Fintech sets foot in the Market Data & RegTech space with German Fintech, TTMzero. United Fintech strikes a 25% stake in the market-leading firm, intending to grow to 80% in the next three years. The acquisition has been made to acquire and scale innovative Fintech in capital markets. It also involves creating a one-stop-shop Fintech through which banks and financial institutions can benefit and accelerate their transition to a digital world. Founded in 2...

PAYMENTS

Global Processing Services | October 14, 2021

Global Processing Services (“GPS”), the leading global payment technology platform, today announced it has raised over US$300 million from Advent International (“Advent”) and Viking Global Investors (“Viking”), who will co-control the company. The investment by Advent will be funded through Advent Tech and Sunley House Capital, an affiliate of Advent. GPS’ API-first payment technology platform enables innovative card programmes for the wor...

IBM | January 22, 2020

The S&P 500 and the Nasdaq hit record highs on Wednesday as a strong forecast from IBM added to optimism over earnings, while investors assessed risks from a virus outbreak in China. International Business Machines Corp shares jumped 3.5% after the company forecast full-year profit above market expectations on strength in its high-margin cloud computing business. Technology stocks, which have played a pivotal role in Wall Street’s recent record run, rose 0.8%, with chip stocks gaining ...