MCAP INC - MCAP STOCK NEWS

MCAP Inc. (OTC: MCAP) has announced the hiring of Anthony Mariniello as Managing Director of Equities Relationship Management. This strategic move aims to enhance the Company's capabilities in managing relationships and liquidity services for institutional clients, particularly in the ADR and ETF markets. Mariniello joins from StoneX and brings significant industry experience and relationships. MCAP LLC, the broker-dealer subsidiary, continues to focus on providing cutting-edge technology and customer service in financial markets.

MCAP Inc. (OTC: MCAP) announced a partnership between its subsidiary, MBIT LLC, and the Pyth Network. This collaboration aims to enhance liquidity and transparency in cryptocurrency markets by providing institutional-grade, real-time market data across various digital asset pairs. MBIT, known for its global market-making capabilities, will support the Pyth Network, which is built on the Solana blockchain, with its mission to deliver high-fidelity price information. CEO David Menn emphasized the importance of reliable data for the evolution of Blockchain and Web3 applications.

MCAP Inc. (OTC: MCAP), a financial technology firm, has hired Aaron Kehoe as Managing Director & Co-Head of its ETF division. With over 20 years of experience in the ETF industry, Kehoe's expertise will enhance MCAP’s market-making and liquidity services for institutional clients. This move aligns with increased customer interest in fixed income markets amid rising interest rates. The company operates multiple subsidiaries focusing on financial technology, cryptocurrency, and electronic securities market making, aiming to provide innovative trading solutions.

MCAP Inc. (OTC: MCAP) reported a strong performance for Q3 2022, achieving net earnings of $0.08 per share and quarterly revenue of $23.1 million, marking an 80% increase year-over-year. The company also recorded an after-tax net income of $1.9 million and EBITDA of $2.3 million. MCAP continues to enhance its business through strategic partnerships and investments in technology, notably launching a new live streaming securities data service through its subsidiary.

MCAP Inc. (OTC: MCAP) announced its second quarter 2022 results, reporting earnings of $0.10 per share and revenues of $20.2 million, marking a 15% year-over-year increase. The company achieved an after-tax net income of $2.3 million and EBITDA of $2.7 million. MCAP is focused on growth through customer relationship investments, software development, and strategic partnerships, alongside pursuing M&A opportunities that align with its business model.

MCAP Inc. (OTC: MCAP) announced the appointment of Peter Baksh, CFA, as an independent director on the Board of Directors, effective July 13, 2022. Baksh brings extensive experience in the financial services sector, currently serving as Chief Investment Officer at the First National Bank of Mount Dora. He holds an MBA from Indiana University and is a CFA Charter holder. His appointment is expected to enhance the Board's expertise in market structure and investment strategies. MCAP operates three subsidiaries focusing on financial technology, digital assets, and brokerage services.

MCAP Inc. (OTC: MCAP) announced the hiring of Jonpaul Mondazzi as Managing Director – Institutional Equity Trading in its Equities division. Mondazzi, previously at Citigroup and JP Morgan Securities, will enhance MCAP's institutional equity market-making and liquidity services. The company's broker-dealer subsidiary, MCAP LLC, aims to grow its institutional customer base and expand its ADR and ETF markets. MCAP focuses on technology-driven solutions to connect investors to global markets.

MCAP Inc. (OTC: MCAP) reported its first quarter 2022 earnings, achieving a net EPS of $0.15 and revenue of $22.2mm, marking a 35% increase from Q4 2021. The net profit after tax stood at $3.4mm, with an EBITDA of $4.2mm. This quarter represents the first full reporting period as a C-Corp following the consolidation of its subsidiaries. MCAP has also made strides in its DeFi sector and completed a significant infrastructure move to the Equinix NY5 Data Center.

MCAP Inc. (OTC: MCAP), a financial technology company, has announced a senior hire in its ETF division with the appointment of Nicholas Phillips as Director of ETF Capital Markets. This strategic move aims to enhance the company's ETF market-making and liquidity services for its institutional clients. Mr. Phillips brings extensive experience from Van Eck Associates and Goldman Sachs, which is expected to strengthen MCAP's competitive position in the ETF sector. The company continues to focus on technological innovation and customer service within the financial markets.