When it comes to cryptocurrencies, nothing seems impossible any more, especially considering the dominance of blockchain in almost all sectors of human society. Now, a Swiss startup is aiming to create the first fiat-crypto bank, combining the best of both "worlds". Founded and led by ex-UBS financiers, SEBA Crypto AG has raised around $100 million…
Read more
The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at Credit Financier Invest (CFI) Ltd. The Federal Reserve raised US short-term interest rates for a third time this year and indicated it will drive ahead with plans to tighten policy, even as central bankers face White House pressure for low…
Read more
iM Global Partner and Dolan McEniry Capital Management have announced the launch ofthe iM Dolan McEniry Corporate Bond Fund, a high-quality, value-focused U.S. mutual fund managed for long-term growth and income. The fund, which launched on September 28, 2018, is the second iM Dolan McEniry investment product developed since iM Global Partner acquired a 45%…
Read more
Derivatives marketplace CME Group and Nasdaq (Nasdaq: NDAQ) have announced a ten-year extension of CME Group's exclusive license to offer futures and options on futures based on the Nasdaq-100 and other Nasdaq indexes, through 2029. We are extremely pleased to extend our exclusive licensing agreement with Nasdaq, said CME Group Chairman and Chief Executive Officer…
Read more
Tokyo Financial Exchange (TFX) has just released its trading volumes report for the month of September. The trading volume of Three-month Euroyen futures was 184,529 ( +142.2% MoM / + 42.5% YoY ) and its average daily volume was 10,252. 項目 September 2018 Trading Volume Daily Average Change on Previous Month Year on Year…
Read more
Deutsche Börse’s post-trade services provider Clearstream has announced that it has completed the acquisition of Swisscanto Funds Centre Ltd. (SFCL) from Zürcher Kantonalbank, following the approval of the British and Luxembourgish regulatory authorities. The addition of SFCL will further enhance Clearstream’s service portfolio and support the company’s global fund services strategy. With the acquisition, the…
Read more
The Financial Conduct Authority (FCA) has just announced that it has fined Tesco Personal Finance plc (Tesco Bank) £16,400,000 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack. The cyber attack took place in November 2016. Cyber attackers exploited deficiencies in Tesco Bank’s design…
Read more
IFC, a member of the World Bank Group, and Demica, a capital financial technology firm, have announced a new partnership that will help unlock as much as $9.8 billion in annual financing for suppliers and distributors in emerging markets—particularly small and medium enterprises. In addition, IFC participated in Demica’s $25 million second round financing that…
Read more
Based on the order book statistics, Boerse Stuttgart generated turnover of around EUR 4.9 billion in September 2018. Securitised derivatives made up the largest share of the turnover. The trading volume in this asset class was more than EUR 2.3 billion. Leverage products generated over EUR 1.4 billion. Thereof around 437 million was attributable to…
Read more
The trading volumes on the cash markets of Deutsche Börse amounted to €1.29 trillion at the end of the third quarter, an increase of 20% compared to the same period last year. In 2017, turnover on the trading venues Xetra, Börse Frankfurt and Tradegate Exchange stood at €1.08 trillion at the end of September. On…
Read more