CLS, the operator of the largest multicurrency cash settlement system for FX transactions today reported June volumes and metrics; seeing a nice gain MoM and YoY in input value, probably the best gauge of the overall performance and size of the FX market, see the numbers below: In June 2016: The average daily input volume submitted to CLS,…
Read morePragma Securities, a leading independent provider of multi-asset class, high performance algorithmic trading tools, has launched TradeBase, a relational database that provides clients real-time access to their parent and child FIX order messages for greater transparency to facilitate client risk management, compliance, and monitoring of their algorithmic orders. TradeBase is populated in real-time, and enables…
Read moreThe Johannesburg Stock Exchange has settled its first T+3 settlement cycle with no failed or “rolled” trades, thus confirming a successful implementation of the T+3 project. On Monday 11 July, South Africa’s financial markets went live with a shorter three-day settlement cycle, (referred to as T+3) to align the South African market with international best practice…
Read moreThe Central Bank of Russia (CBR) has officially recognised Moscow Exchange's USD/RUB FX Fixing and Moscow Exchange's operational performance as fixing administrator as being of satisfactory quality. The CBR also the fixing`s compliance with the Bank`s requirements, which are based on the International Organization of Securities Commissions (IOSCO) principles for financial benchmarks. In March 2016,…
Read moreThe Tokyo Commodity Exchange Inc. (TOCOM) has announced today that July 25th will be the start date of new Gold Physical Transaction, pending regulatory approval. Gold is the most actively traded commodity at the Exchange with both futures and options contracts listed. Simultaneously, TOCOM will introduce a delivery at settlement option for the Gold Rolling…
Read moreBritish prime brokerage Linear Investments has selected RSRCHXchange, the online marketplace for institutional research, to enable their hedge fund clientele to access and track research consumption in a MiFID II compliant way. Linear Investments provides tailored prime brokerage services to start-up, small and mid-size hedge funds that are not effectively serviced by the larger prime…
Read moreA new exchange-listed index fund issued by WisdomTree has been tradable on Xetra and Börse Frankfurt since Thursday. The ETF is based on high-dividend stock corporations with high growth and quality factors. The new WisdomTree Eurozone Quality Dividend Growth UCITS ETF gives investors the opportunity to participate in the performance of eurozone stock corporations selected…
Read moreAfter expanding its cooperation with Trading Central several months ago, CySEC regulated Forex brokerage Orbex has announced a strategic partnership with LUM Jean Monnet University, an Italian private university, known worldwide and highly regarded as a centre for economic education. The partnership will combine Orbex’ expertise in trading solutions and market analysis with LUM’s advanced scientific approach…
Read moreSTOXX Ltd., the operator of Deutsche Boerse Group’s index business and integrated index provider, has announced that the newly launched STOXX Global ESG Impact and STOXX USA ESG Impact indices have been licensed to FlexShares, managed by Northern Trust, to underlie two exchange-traded funds (ETFs). The ETFs will be listed on NASDAQ Stock Market (NASDAQ) as…
Read moreWhat happened during the Monetary Policy Committee meeting Financial markets have reacted sharply to the United Kingdom’s vote to leave the European Union. Since the Committee’s previous meeting, the sterling effective exchange rate has fallen by 6%, and short-term and longer-term interest rates have declined. Reflecting the fall in the level of sterling, financial market…
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