TechFinancials converts loan into Footies
December 03, 2019 BY Valentina Kirilova

TechFinancials to close DragonFinancials, focus business efforts in blockchain applications

Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced that they have decided to make substantial adjustments to their operating structure and cost base while seeking to develop its newer blockchain based businesses. The company's 51% owned B2C subsidiary, DragonFinancials has suffered from an increasingly challenging regulatory and business environment, resulting in losses which started in…

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Eurex reports 192.1 million traded contracts in June
December 03, 2019 BY Valentina Kirilova

Eurex Clearing adds cross-currency swaps to its derivatives CCP model

The Eurex Exchange, a subsidiary of Deutsche Börse and Europe’s largest trading platform for derivatives and the third largest in the world, is now expanding the offerings of its clearing mechanism to include EUR/USD and GBP/USD cross-currency swap transactions. Industry observers see this move as one more step towards central clearing for the forex industry.…

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B2Broker expands liquidity, adds 61 crypto CFD pairs
December 03, 2019 BY Valentina Kirilova

B2Broker expands liquidity, adds 61 crypto CFD pairs

B2Broker, a liquidity and technology provider of solutions for the crypto and foreign exchange (FX) industry, have just announced that they have expanded their Crypto/CFD liquidity offering, introducing 61 new pairs. LeapRate reminds that B2Broker was the first liquidity provider to launch 39 Crypto CFD pairs with a leverage of 1:5. The 61 new Crypto…

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AI digital assistant Devexa now available for cTrader brokers
December 03, 2019 BY Valentina Kirilova

AI digital assistant Devexa now available for cTrader brokers

Financial software provider Devexperts have just announced that they have integrated their AI digital assistant Devexa with cTrader platform. Devexa is a multi-language digital trading assistant and chatbot for brokers. It provides a new means of trading and on-the-go market information (i.e. interactive charts, news, stock fundamentals, etc.) via mobile messengers and smart speakers. Brokers…

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December 03, 2019 BY Valentina Kirilova

WisdomTree teams up with Swissquote, launches crypto-based ETP

The NASDAQ-listed asset management company WisdomTree and online Swiss bank Swissquote Group Holding SA (SWX:SQN) have just announced that they have launched an Exchange Traded Product (ETP) investing in Bitcoin on the Swiss stock exchange SIX. The product is physically backed by Bitcoin. The product is immediately tradable at SIX for professional investors in USD (ticker: BTWC) and…

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FlexTrade adds Paul Beatty to team
December 03, 2019 BY Valentina Kirilova

OANDA names David Grant COO for Asia Pacific

Online multi-asset trading services and currency data and analytics company, OANDA Global Corporation, has just announced that it has further strengthened its leadership team, this time appointing industry veteran David Grant as Chief Operating Officer, Asia Pacific. Grant will be based in Singapore and he will be responsible for overseeing the firm’s administrative and operational…

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FXSpotStream forex volumes
December 03, 2019 BY Valentina Kirilova

FXSpotStream's ADV up 23% YoY in November

Multibank FX aggregation service FXSpotStream has released its volumes report for the month of November. After November, the company's ADV for all of 2019 is USD36.435billion - up 23% vs the ADV for the same period in 2018 of USD29.570 billion. ADV decreased slightly 7.21% MoM to USD USD30.957 billion. November’s ADV dropped 12.91% YoY.…

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