Block trading remains a growth area despite trader uncertainty around forthcoming regulations LeapRate

May 31, 2017 BY Valentina Kirilova

Block trading remains a growth area despite trader uncertainty around forthcoming regulations

SIX Swiss Exchange Survey Regulation is overwhelmingly the biggest hurdle traders face, according to a major survey of equity, bond and other product traders in the UK and Europe conducted by SIX Swiss Exchange. An overwhelming 65% of respondents believed increasing regulation, such as MiFID II and FinfraG, would have the biggest impact on their…

May 31, 2017 BY FxPro

Could NZD/USD Hold Above the 0.7100 Psychological Level?

NZD/USD has seen a noticeable 2.4% gain since May 22nd helped by outperforming New Zealand economic data. On the daily chart Kiwi bulls have successfully breached the major downtrend line resistance on May 22. Since then Kiwi has been trading above the downside 10 SMA support. The bulls further broke the next significant psychological resistance…

May 31, 2017 BY Valentina Kirilova

FINMA issues warning against City Bank

Switzerland’s Financial Market Supervisory Authority (FINMA) keeps updating its Warning List, with the latest addition being City Bank. The company claims to have an address in Switzerland: Square de l'académie, 1205 Genf and is operating at www.citybank-us.com. The inclusion of City Bank in FINMA’s Warning List means that it might be operating without a licence although…

May 31, 2017 BY Valentina Kirilova

Axioma delivers market risk solutions for Mirova and Natixis Asset Management

Axioma, a provider of enterprise market risk and portfolio management solutions, and FactSet, a global provider of integrated financial information, analytical applications, have entered into an agreement with Mirova, the second-largest European manager of open-ended SRI funds and Natixis Asset Management, Europe-based asset manager. These two asset managers are Natixis Global Asset Management affiliates, itself…

May 31, 2017 BY Valentina Kirilova

New Source commodity index ETF launched on Xetra

ETF provides access to commodity basket comprising energy and industrial and precious metals A new exchange traded fund (ETF) issued by Source has been tradable on Xetra and Börse Frankfurt since Tuesday, Deutsche Börse announced. The Source Bloomberg Commodity ex-Agriculture UCITS ETF enables investors to participate in the performance of a commodity basket comprising eleven…

LSEG to increase its majority shareholding in LCH Group

May 31, 2017 BY Valentina Kirilova

LSEG to acquire Citigroup's Yield Book and Citi Fixed Income Indices

London Stock Exchange Group (LSEG) has reached an agreement with Citigroup Inc. (NYSE: C) to acquire The Yield Book and Citi Fixed Income Indices, a fixed income analytics platform and index business comprising a family of fixed income indices (including the WGBI) (together the “Business”) for a total cash consideration of $685 million (£535 million),…

May 31, 2017 BY Valentina Kirilova

Industry veteran Michael Grecoff leaves Cinnober to found start-up DAHU Technologies

Michael Grecoff, Head of Americas and International Sales at Cinnober Financial Technology has left Cinnober to fully focus as co-founder and CEO of DAHU Technologies. Grecoff joined Cinnober in 2012 after being Head of Sales, Client Services in the Asia Pacific area for SMARTS. Prior to joining SMARTS, Michael was Manager Surveillance at the Canadian…

May 31, 2017 BY Valentina Kirilova

FCA warns against Riverside Escrow Ltd clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Riverside Escrow Ltd. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

May 31, 2017 BY FxPro

GBP Under Pressure on Election Uncertainty and Brexit Dilemma

The Brexit negotiation process is one of the focuses of the upcoming UK election. Although the Conservative Party has pledged a smooth and orderly Brexit, Theresa May expressed on Monday evening that she will push for a hard Brexit without any deal than paying a hefty bill for leaving the EU. She expects a fair…

May 31, 2017 BY Valentina Kirilova

Tickmill launches Korean website

UK FCA regulated global provider of FX and CFD brokerage services Tickmill announced that has launched a Korean version of its website languages. The addition of Korean language website was prompted by growing demand for premium trading products and services in the Asia Pacific region, one of the largest markets for Tickmill. Tickmill shares that the…