May 23, 2014 BY Mike Fox

Alpari Russia/CIS volumes down 18% in April...

In April 2014, turnover for Alpari in Russia and the CIS was 107.7 bn USD. The figure is down by 18% on this March's data, returning to the level seen in February. The total volume of trades in the last month encompassed 792,649 lots. The volume drop off was in line with what we saw…

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May 23, 2014 BY Gerald Segal

CFTC relaxes certain SEF reporting rules, to incentivize SEF trading

It seems as though trading volumes on Swap Execution Facilities, or SEFs, are not what regulators initially anticipated. To encourage more SEF trading, CFTC Acting Chairman Mark Wetjen  announced three actions to (among other things) promote end-user trading on (SEFs), as well as on designated contract markets (DCMs). What are SEFs? SEFs are licensed trading venues,…

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May 22, 2014 BY Mike Fox

Cantor Fitzgerald Europe: Names Gordon Neilly and Angelo Sofocleous as interim Co-CEOs

Cantor Fitzgerald Europe, a leading global financial services firm, today announced that Gordon Neilly and Angelo Sofocleous have been appointed interim Co-CEOs. Mr. Neilly continues to serve as Head of Corporate Finance, and Mr. Sofocleous continues to serve as Co-Head of Equity Trading, based in London. Shawn P. Matthews, Chief Executive Officer of Cantor Fitzgerald & Co., stated, "Since joining…

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May 22, 2014 BY Gerald Segal

ESMA launches MiFID II consultation process through August 1

Europe's pan-financial regulator European Securities and Markets Authority (ESMA) has launched its consultation process for the implementation of the revised Markets in Financial Instruments Directive (or MiFID II) This marks the first step in the process of translating  MiFID II requirements into practically applicable rules and regulations - primarily aimed at improving financial market transparency and strengthening investor protection.MiFID II introduces changes that…

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