Bank of China (Hong Kong), a major regional bank in Hong Kong, has selected provider of liquidity management systems smartTrade Technologies to deliver a low latency e-FX platform. Over the past several years, along with the growth of its e-FX business, Bank of China (Hong Kong) has been looking for a more scalable next generation…
Read moreSão Paulo-based Verde oversees about 37 billion reals ($9.2 billion) in clients' money. Reports show that Verde Asset Management, Brazil's largest hedge fund based out of São Paulo, has raised up bets against the euro as well as the Brazilian and Chinese currencies on expectations that U.S. interest rate hikes and slumping oil prices would continue…
Read moreThe UK Competition and Markets Authority (CMA) today referred the proposed merger of gaming and betting provider Ladbrokes PLC (LON:LAD) and certain businesses of Gala Coral Group Limited, including Coral Retail, Eurobet Retail and Gala Coral’s online businesses for an in-depth phase 2 investigation. The CMA started its phase 1 investigation on December 16, 2015 and…
Read moreGain Capital Holdings Inc (NYSE:GCAP) has managed to finish 2015 on a strong note, with retail trading volumes registering increases in both monthly and annual terms in December 2015. Retail trading volumes recovered from weak levels seen in November 2015 to record a double-digit month-on-month jump. The rise from December 2014 was also impressive at 17.3%.…
Read moreThomson Reuters Corp (NYSE:TRI) has witnessed increased adoption of electronic Forex options last year, with Thomson Reuters FX dealer-to-client venue registering a 166% year-on-year jump in options trading volumes in 2015. The fourth quarter of 2015 marked record-high monthly, weekly and daily volumes with more than 36 global and local active options price-makers and over…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) is changing initial margin requirements for several currency and metals contracts, with the changes effective Monday, January 11th. The changes will affect the Copper, INR/GBP, USD/KRW, USD/RUB and USD/ZAR contracts. The initial margin will be reduced for the USD/KRW contracts whereas the other contracts will see higher margin…
Read moreChina’s Forex regulator said over the weekend that it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the worlds second largest economy's Forex market further in 2016. Within the past year we have seen numerous global financial cities open up Renminbi hubs in preparation for…
Read moreFidessa Group plc (LON:FDSA), a provider of trading, investment and information solutions to the financial sector, today announced the appointment of Ken Archer, a non-executive director of the company, as Chairman of its Remuneration Committee. The appointment is effective January 8, 2016, with Mr Archer also becoming a member of the Nominations Committee on the…
Read moreWhat is driving all these changes at leading UK online brokers? In one word: mobile.
Read moreOnline trading services provider FXCM Inc (NYSE:FXCM) today announces a collaboration with software developer PFSOFT that will see FXCM provide trade execution and market data to the PFSOFT Protrader multi-asset solution through FIX API. PFSOFT has integrated FXCM's FIX API, which offers both FX and CFD execution. As a result of this collaboration, each broker…
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