November 12, 2021 BY Steffy Bogdanova

HSBC and Saxo partner to expand digital investment offerings in Singapore

Adam Reynolds, APAC CEO, Saxo, commented: Singapore will be the first in HSBC to adopt our trading platform, and we are excited to be combining natural synergies from both companies to deliver an enhanced trading and investment experience for HSBC customers. Saxo’s OpenAPI technology provides best-in-class efficiency and scalability investment and trading architecture, while allowing…

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IG Group
November 12, 2021 BY Steffy Bogdanova

IG Group completes comprehensive debt refinancing

Additionally, the company committed £300 million revolving credit facility (RCF) with an initial maturity of three years. IG has the ability to request a further increase in the RCF size to £400 million, as well as two maturity extensions of up to one year each. The refinancing also involved repayment and cancellation of the IG’s…

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Integral volumes report
November 12, 2021 BY Steffy Bogdanova

Integral average daily volumes reach $50.5 billion in October 2021

This represents a 12.5% MoM rise compared to September 2021 The October ADV reached 15.3% growth compared to the same period in 2020. The broker’s ADV encompasses volumes traded across the group’s liquidity network which includes TrueFX and Integral OCX, in aggregate. Earlier this week, FXCM Pro and Integral unveiled a centrally cleared platform for…

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November 12, 2021 BY Steffy Bogdanova

Deutsche Börse’s 360T selects FairXchange for execution analytics

FairXchange delivers microstructural analysis of financial markets and provides transparency to execution performance by bringing independent data. Horizon, its analytical product, is built to facilitate constructive, data-driven dialogue between counterparties, thus helping them identify mutually profitable opportunities. The official announcement noted that FairXchange has no affiliation with any liquidity providers or trading venues. Deutsche Börse’s…

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SGX
November 11, 2021 BY Steffy Bogdanova

SGX reports strong FX volumes in October 2021

SGX stated: FX market participants bolstered portfolio hedging on key Emerging Asia currencies. SGX INR/USD Futures traded volume rose 14% y-o-y in October to 1.3 million contracts as India’s energy and raw-material costs continued to climb, adding to inflationary concerns. China’s regulatory scrutiny of its technology industry showed signs of easing even as challenges in…

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BidX Markets
November 11, 2021 BY Steffy Bogdanova

BidX Markets launches today

BidX Markets boasted a list of broker clients and technology partners at launch, which includes Beeks Financial Cloud, Your Bourse, and Gold-i. Simon Blackledge, Founder and Chief Executive Officer for BidX Markets commented: We are very excited to announce the official launch of BidX Markets. BidX has created an industry leading Tier 1 liquidity product…

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November 10, 2021 BY Steffy Bogdanova

StoneX teams up with Asaka Bank to make Uzbekistani Som available on its payment platform

Thiago Vieira, Senior Vice President of StoneX’s Global Payments Division in Asia/Pacific, said: We are extremely pleased to embark on this expansion with our esteemed counterparts at Asaka Bank. Our proprietary suite of payment technology and our effective management of the ever-evolving settlement network upon which it sits are among the key strengths that drive…

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November 10, 2021 BY Steffy Bogdanova

Midweek data: focus on American inflation

Looking at the chart, a breakout in either direction still doesn’t seem especially likely. The double top around Mex$20.85 last month and earlier this month would usually be seen as a sell signal, but the main support around Mex$19.70 is also strong given that it has remained unbroken since February 2020 despite repeated testing since…

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