Coinsetter aligns itself with Wall Street, launches on-blockchain settlement
Project High Line aims to solve the problem of having to place trust an exchange or intermediary. On-Blockchain Settlement is a shift from the status quo on Wall Street, allowing market participants to have full visibility behind trade settlement with tangible access to moving their assets 24/7
Read moreBullion Capital increases institutional membership of physical precious metals exchange to over 50
“The recent SNB events have been a catalyst for even more brokers to join Bullion Capital, keen to broaden their portfolio and increase their revenue streams. Of course, we are delighted with this surge in broker uptake and look forward to continued success in 2015, which is set to be an exceptional year for Bullion Capital with numerous exciting announcements in the coming months.” - Tom Coughlin, CEO, Bullion Capital
Read moreThe Great FX Liquidity Debate: CFH senior executives discuss how to succeed in emerging markets
CFH Clearing senior executive Nick Mortimer and CFH Systems' Regional Director Fernando Andrade speak candidly to LeapRate about the need to take FX liquidity and prime brokerage solutions to new and exciting markets, and, importantly, how to go about it successfully in terms of execution model, cost, and order flow management
Read moreIMF ready to throw Ukraine a lifeline
The capital control laws which banned the vast majority of FX trading between banks in Ukraine were lifted just hours after implementation, and now the Ukraine awaits the the first disbursement under a $17.5 billion IMF bailout. The IMF has declared that it is ready to assist Ukraine with its foreign currency issues
Read moreQuotix chooses Zing to optimize performance of its FX liquidity aggregation software
Quotix, a fintech company specializing in intelligent trade execution and management for the FX industry, has implemented Azul Systems’ Zing in order to eradicate Java garbage collection (GC) issues and latency outliers. Daniil Volkov, Quality Assurance Lead at Quotix explains: “Quotix regularly runs various tests to study system behaviour during high volatility and identify system…
Read moreGAIN Capital COO Jeffrey Scott exercises options to buy stock, sells the resulting shares, pockets $45,000
GAIN Capital COO Jeffrey Scott exercised his right to buy 45,000 units of stock via the firm's stock options policy, and sold them as units of common stock on February 23, resulting in a profit of $45,000
Read moreLQD Markets update: Client funds deficit likely, customers invited to submit details of money owed
Withdrawals from LQD Markets are still frozen, and Baker Tilly further states that it is likely that there will be a deficit in client funds, and that the reconciliation process that is currently being carried out will identify in due course the full extent of such a deficit
Read morePlus500 shares rise 4% after Q4 results announcement
Following yesterday's announcement that Plus500 had enjoyed a three month period of record revenues at $66.5 million during the last quarter of 2014, the price of shares in the firm is increasing
Read moreFirst Derivatives acquires Prelytix for up to $20m to boost presence in marketing technology sector
The initial consideration for the acquisition is US$7.5m (£4.9m), of which US$6m (£3.9m) is payable in cash and US$1.5m (£1.0m) through the issue of 74,572 FD new ordinary shares. Deferred consideration of up to US$12.5m (£8.1m) is payable on the achievement of agreed revenue targets over the period to 28 February 2018
Read more