U.S. stocks looked set for a higher open on Wednesday, with the Dow set to take a shot at 20,000, following a raft of strong quarterly earnings and optimism around President Donald Trump's pro-growth policies, Reuters reported. The Trump rally had driven Wall Street to a series of record highs since November. The S&P 500…
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CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has introduced two new models for settlement membership – affiliated settlement membership and non-shareholder settlement membership – in addition to the existing shareholder and central bank settlement membership categories. The affiliated settlement membership category allows institutions to have…
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PEGAS, the pan-European gas trading platform operated by Powernext, announced the successful introduction of time spread products on its PEGAS Futures hubs (CEGH VTP, GASPOOL, NBP, NCG, PEG Nord, PSV, TTF and ZEE) on 24 January 2017. The new contracts are available via the Trayport® Exchange Trading System (ETS), as well as the Straight Through…
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Due to the ongoing Brexit related uncertainty in Britain, Australian retail Forex and binary options broker GO Markets announced that is capping leverage rates across all sterling (GBP) pairs to a maximum of 1% (100:1). Head of Trading, Tom Williams, says the leverage cap is largely a pre-emptive measure to mitigate against negative outcomes caused…
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LCH clearing house announced today that its LCH SwapAgent service will supply risk calculation data to the AcadiaSoft Hub following the planned launch of LCH SwapAgent in H1 2017. Connecting LCH SwapAgent to the AcadiaSoft Hub will further streamline the margining process for the banks already using The Hub to comply with the non-cleared margin rules,…
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Multi asset platform developer PFSOFT has recently integrated with the prime broker Maybank Kim Eng Securities. The integration allows any mutual client of PFSOFT and Maybank Kim Eng’s prime services to access global equity and derivative markets using Protrader solutions. Andrew Gee, Head of Institutional Sales for Prime Services in London at Maybank Kim Eng,…
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FCA-authorised UK Bond Network, the alternative finance provider that specialises in structuring and distributing investment opportunities in secured corporate bonds, has moved a step closer to offering a tax-efficient individual savings account (ISA), having been authorised as an ISA manager by HMRC. Announced in George Osborne’s 2015 Budget and launched last April, the Innovative Finance…
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BGC Brokers L.P. a subsidiary of BGC Partners, Inc. group (NASDAQ: BGCP), announced that it is collaborating with Pirum Systems, the company, specializing in connectivity and real-time straight-through processing (STP) to the securities finance industry, to launch BGC's latest offering ColleX and improve post-trade efficiency for clients. ColleX provides clients a platform for collateral trading. Specifically,…
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This article is written by Natallia Hunik, Global Head of Sales at Fortex Inc. Trading via a VPS has become very popular in the retail FX community over the last several years. This article aims to provide a summary of the product and its most common uses, as well as to give a general overview…
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Since the start of the year, over 3,000 new structured products have been listed in Vienna Stock Exchange’s market segment “structured products.at”. Most of the new securities added to trading were issued by Raiffeisen Centrobank AG and around 100 by Erste Group Bank AG. A wide range of products – which include turbo certificates, (plain…
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