December 07, 2021 BY Steffy Bogdanova

State Street, Vanguard and Symbiont team up to accelerate using DLT technology in FX forward trading

Nadine Chakar, head of State Street Digital, said: State Street Digital is incredibly pleased to have collaborated with both Vanguard and Symbiont on this monumental industry initiative to digitize the margining process around collateralized foreign exchange forward contracts that will reduce our customers operational challenges through process automation and state of the art technologies. Our…

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Saxo Bank
December 06, 2021 BY Steffy Bogdanova

Saxo Bank’s FX volumes fall 12% MoM in November

The daily average volume with forex trading in November was $4.5 billion, down 11.8% MoM and 19.6% YoY. The total monthly trading volume with equities dropped to $156.2 billion in November 2021, 9.9% from October’s 173.4.  The numbers were 42% up from November 2020, however. In November, commodities monthly volumes came in at $30.1 billion…

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Broadridge appoints Dipti Kachru as Global Chief Marketing Officer
December 06, 2021 BY Steffy Bogdanova

Broadridge appoints Dipti Kachru as Global Chief Marketing Officer

Most recently, Kachru served at JPMorgan Chase as Chief Marketing Officer for the Wealth Management division. She was responsible for launching the J.P. Morgan Wealth Management brand and building an industry-leading client acquisition engine that delivered significant business growth. Chris Perry, President of Broadridge, said: Dipti is a modern, client-centric marketer with significant experience in…

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December 06, 2021 BY Steffy Bogdanova

Saxo Markets announces bundled pricing plans in Singapore

The elements that go into each bundle plan are hand-picked by pricing and product, based on Saxo’s insights from real clients. The most popular Gold bundle also reflects that - the research and insights from real clients indicate that most people find this the most accessible and efficient package to meet their investing needs. Adam…

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Acquisition
December 06, 2021 BY Steffy Bogdanova

LSEG to acquire Quantile Group in a £274 million deal

The Group noted that Quantile's services will be available on an Open Access basis that will continue to offer customers the choice of where to clear, compress and optimise their trading activity. LSEG added that Quantile will preserve its independence within LSEG's Post Trade division and report to Daniel Maguire, LSEG's Group Head of Post…

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December 03, 2021 BY Steffy Bogdanova

24 Exchange raises $14 million in a funding round led by Point72 Ventures

Dmitri Galinov, CEO and Founder of 24 Exchange, said: In the company's first 24 months, we've successfully delivered an over-the-counter FX trading solution to clients that offers significantly reduced costs and improved functionality. We look forward to putting this additional operating capital to work to further expand our offerings beyond FX Non-Deliverable Forward (NDF) trading,…

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Moscow Exchange
December 03, 2021 BY Steffy Bogdanova

MOEX trading volumes rise 7.2% MoM in November

MOEX reported that Derivatives Market volumes increased by 33.33% MoM to RUB 17.6 trillion in November (October 2021: RUB 13.2 trillion) or 216.9 million contracts (October 2021: 166.7 million). The Standardised OTC Derivatives Market volumes decreased by 12.31% MoM, reaching RUB 234.4 billion. FX Market trading volume stood at RUB 26.1 trillion (October 2021: RUB…

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SEC fraud
December 03, 2021 BY Steffy Bogdanova

SEC files charges in a $7 million digital asset fraud case

According to SEC, Auzins carried out a second scheme, where from April 2019 to July 2019 he fraudulently offered the unregistered securities of Innovamine, which supposedly provides cloud mining program. SEC stated that “Auzins claimed that investors could contribute digital assets to Innovamine, and then the company would perform mining activities and provide investors with…

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December 03, 2021 BY Steffy Bogdanova

CME Group reports a 20% YoY rise in overall ADV in November

CME Group stated: ADV outside the United States increased 11% to 6.4 million contracts, including 33% growth in Latin America, 14% in EMEA and 2% in Asia. BrokerTec U.S. Treasury average daily notional value (ADNV) increased 17% to $127B, including a record RV Curve monthly ADNV of $578 million in November. U.S. Repo ADNV increased…

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