March 01, 2016 BY Maria Nikolova

ICAP, Tullett Prebon shareholders to vote on proposed deal on March 24, 2016

Tullett Prebon Plc (LON:TLPR) has just provided an update regarding the proposed acquisition of the global hybrid voice broking and information business of ICAP plc (LON:IAP). Regulatory approvals Tullett Prebon said there was no further information on discussions with the United States Department of Justice (DOJ), which in February requested additional information and documentary material regarding…

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March 01, 2016 BY Maria Nikolova

Forex volumes at TFX grow in February 2016

February delivered a bit of positive news for the Tokyo Financial Exchange (TFX), which saw trading volumes climb last month, following solid performance in December 2015 and January 2016. TFX saw Click 365 total trading volumes, that is, the volume of Exchange FX Margin contracts, reach 4,467,666 contracts in February 2016. The result is 3.2%…

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March 01, 2016 BY Maria Nikolova

Hotspot FX sees ADV rise 6% MoM in February 2016

Hotspot FX, the eFX institutional platform of Bats, has just reported its volumes metrics for February 2016, with the month continuing a positive trend in terms of trading activity witnessed in January. The institutional Forex platform registered a rise in trading volumes in both annual and monthly terms. In fact, the result of $32.6 billion…

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March 01, 2016 BY Maria Nikolova

FastMatch registers FX ADV of $11.1B in February, down 5.9% MoM

Institutional electronic FX platform FastMatch has had a relatively robust February, with trading volumes registering a small drop in monthly terms and an almost twofold rise in annual terms. Average daily volumes amounted to $11.1 billion in February 2016, down 5.9% from the result of $11.9 billion reported for January 2016. In annual terms, the…

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February 29, 2016 BY Maria Nikolova

Portfolio Managers Inc loses NFA membership over deceptive, high-pressure sales methods

The United States National Futures Association (NFA) today announces that it has permanently barred Portfolio Managers, Inc. (PMI), an introducing broker that used to offer FX and futures trading, from membership. The main reason for the decision are deceptive and high-pressure sales solicitations. The NFA has also imposed penalties on PMI's Los Angeles office associated…

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February 29, 2016 BY Mike Fox

CME Group launches CME Bloomberg Dollar Spot index futures

CME Group  (NASDAQ: CME), the world's leading and most diverse derivatives marketplace, today announced the launch of CME Bloomberg Dollar Spot Index futures. The futures contract will be available for trading on the CME Globex electronic trading platform effective April 4, 2016, pending all relevant regulatory review periods. This contract will be listed with and subject…

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February 29, 2016 BY Maria Nikolova

Western Union names Jacqueline D. Molnar its Chief Compliance Officer

The Western Union Company (NYSE:WU), an international money transfer expert, today announced the promotion of Jacqueline D. Molnar as its Chief Compliance Officer. In her new role, Ms Molnar will be responsible for leading all of Western Union’s global AML / CFT, Sanctions and Consumer Protection compliance programs. She will report to Western Union's Compliance…

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