The firm’s analysis of IvyDB Europe trading volumes between 2010 and 2025 is said to show that while the American options market has expanded dramatically, Europe’s story has been more restrained. “It appears that European options markets tell a more subdued story over the past 15 years, compared to the U.S.,” the report noted. Among…
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ECB Cuts The European Central Bank (ECB) led the charge with a deposit facility rate cut, emboldened by inflation settling near its 2% target and an improving, albeit gradual, economic recovery within the Eurozone. Lower energy prices, coupled with slower wage growth and a stronger euro, have provided the ECB with the necessary leeway to…
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The collaboration aims to provide buy-side firms with access to a broader range of services and enhanced operational efficiency. The first live product of the partnership is a fund data management service delivered through Clearstream’s Kneip platform. This is said to allow SimCorp clients to outsource the dissemination of fund data, documents and regulatory reporting,…
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The deal is expected to be immediately accretive, with OTC generating over $400 million in revenue in 2024, representing an acquisition multiple of less than 0.8 times revenue. "The completion of this acquisition marks a transformative step for BGC, that firmly establishes our company as the world's premier energy, commodities, and shipping broker," said Sean…
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Wall Street rebounds, but sentiment stays fragile The S&P 500 bounced nearly 2% on Monday as traders bet the White House might ease back on the scope of new tariffs. That optimism spilled over to Asia, where the Hang Seng and Nikkei saw modest gains. However, this rebound came amid falling US consumer confidence, with…
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The rotation in stock markets has started to happen - Hang Seng and Dax indices have tumbled from previously achieved peaks, getting in sync with overall bearish trends of S&P 500 and Nasdaq. Tariffs remain to be the most threatening factor for global markets weighing on sentiment. CNN’s Fear and greed index remains to indicate…
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In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…
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The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group's commitment to enhance its trading infrastructure which is evidenced by previous milestones. These initiatives have positioned ATFX as a leading player in the industry, providing clients with cutting-edge trading solutions and improved market access. “Investing in Spark Systems aligns with our strategic vision…
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The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…
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The most important economic data for this week are: US manufacturing PMI, BoC interest rate decision, US services PMI, US job report Tuesday: US manufacturing PMI at 14:00 GMT. The consensus is for an increase from 46.8 to 47.8 points. Even though the expectations are for an improved image of the manufacturing sector in the…
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