Rüdiger Assion, Managing Director, Group Communications, will leave Deutsche Börse AG, effective 31 December 2016. Having worked for Deutsche Börse for around ten years, he will depart the company on his own accord, and by amicable consent with senior management. He will join Leonteq AG, Zurich, where he will take up an advanced new mandate.…
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CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has just announced its monthly volumes and values for October 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,015,928 down 2.1% from 1,038,025 in September 2016. The average daily input value…
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The Monetary Authority of Singapore (MAS) has published its regulatory sandbox guidelines to encourage and enable experimentation of solutions that utilise technology innovatively to deliver financial products or services. The guidelines incorporate feedback from the public consultation as well as learning points from actual sandbox applications. The guidelines will improve the clarity, flexibility and transparency…
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The financial services corporation in the Arab World, EFG Hermes, has just signed a strategic partnership agreement with Copenhagen-based Multi Asset broker Saxo Bank. The move is said to be aimed at enabling full integration of Saxo Bank’s SaxoTraderGO platform with EFG Hermes’ new online trading platform, EFG Hermes One. The new platform will grant…
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The Securities and Exchange Commission has voted to approve a national market system (NMS) plan to create a single, comprehensive database known as the consolidated audit trail (CAT) that will enable regulators to more efficiently and thoroughly track all trading activity in the U.S. equity and options markets. With the approval and ultimate implementation of…
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Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has announced its results for the six months ended 30 September 2016. The transaction with Tullett Prebon has received FCA clearance and remains on track to complete this year, subject to outstanding change of control consents Group revenue from continuing…
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FXCM Inc. (NASDAQ:FXCM), an online provider of foreign exchange (FX) trading, Contract for Difference (CFD) and related services, has announced the opening of its newest office, FXCM South Africa, based in Johannesburg. New Office Location: 114 West Street, 6th Floor, Katherine & West Building, Sandton 2196, Johannesburg, South Africa Drew Niv, CEO of FXCM, said:…
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Financial services technology solutions provider Fiserv Inc (NASDAQ:FISV) has published a research-based white paper providing recommendations for how financial institutions can utilize alerts and notifications to strengthen their position as a trusted financial partner with clients. Leveraging data from a recent Fiserv study, the white paper, titled Push Notifications Are Redefining Financial Communications, provides guidance…
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Dubai Gold & Commodities Exchange (DGCX) has announced that Industrial and Commercial Bank of China Limited (ICBC) has joined as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) - a wholly owned subsidiary of DGCX that acts as a central counterparty for all trades executed on the Exchange. With the addition of ICBC, DCCC…
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What makes a brokerage great? As much as the market has become overcrowded and competition has become fierce, some companies have managed to stand out from the rest and become what most would refer as “great”. Greatness is however not a destination, if merely because no company is perfect. Greatness is a path that a…
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