Avelacom, the low latency connectivity, IT infrastructure and data solutions provider for global financial markets, has revealed it has become a connectivity provider for the LME, supporting LME members to use cross-market trading strategies more efficiently. Avelacom’s global coverage includes most developed market exchanges, such as CME, with a focus on emerging markets, including exchanges in mainland China and India.
Hong Kong Exchanges and Clearing Limited (HKEX) has just announced the appointment of Paul Chow as its Group General Counsel. Starting on 19 April 2021, Chow will provide strategic legal counsel to the HKEX Board and senior management team and lead HKEX’s Legal and Secretarial Services Department. At his new position, he will oversee the Group’s legal function, including the teams at the London Metal Exchange (LME) and LME Clear. Chow will report to Calvin Tai, HKEX Interim Chief Executive, and will become a member of the Group’s Management Committee.
Squared Financial has announced the appointment of Stathis Flangofas as Chief Financial Officer. He will be based in Cyprus where he will join the Executive Management team. Flangofas brings to the new position at the fintech-led brokerage more than 12 years of experience in the financial industry. He has worked at senior-level positions to help deliver innovative and strategic control-based financial management.
Publishing its final results for 2020, interdealer broker TP ICAP revealed acquisition costs of £11 million during an unprecedented year. The document issued with the published results provided a progress update into the Group’s acquisition of investment network, Liquidnet, and its entire issued share capital of Liquidnet Holdings, Inc. Despite the challenges faced by the COVID-19 pandemic, TP ICAP remained fully operational throughout the year — beginning to slowly execute new strategies and gaining shareholder approval of Liquidnet on 1st February 2021.
Deutsche Börse is set to expand its centrally cleared crypto offering with Ethereum and Bitcoin Cash, hosted on its electronic trading platform Xetra. The Frankfurt-based marketplace organiser hopes that its newly revealed crypto ETNs will offer fluid access to the performance of cryptocurrencies, enhanced with physical backing. Exchange Traded Notes (ETNs) issued by ETC Group and 21Shares on the cryptocurrencies Ethereum and Bitcoin Cash will be available for the first time to investors on Xetra, starting from today. These new products are listed on the Regulated Market of the Frankfurt Stock Exchange.
Macrobond Financial, provider of economic and financial intelligence, today announced it has opened an office in Stockholm to meet the growing demand for its data, analytics and collaboration tools from the Nordic regions. The company was founded in 2008 in Malmö and since then it has delivered comprehensive macroeconomic, aggregate financial and sector time-series data to over 4,000 economists, analysts, portfolio managers, quants and strategists across 500 organisations around the world.
