August 05, 2022 BY Alan Sayer

Coinbase and BlackRock Partner to Offer Institutional Clients Crypto Trading Access

To begin with, only trading access to bitcoin will be provided, although Coinbase said they will continue to progress the platform integration and roll out functionality in phases to interested clients. Joseph Chalom, Global Head of Strategic Ecosystem Partnerships at BlackRock, said: "Our institutional clients are increasingly interested in gaining exposure to digital asset markets…

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May 03, 2022 BY Alan Sayer

3 Reasons why KYC is important for businesses and consumers alike

Here are three concrete ways in which KYC can improve the user experience for customers and businesses alike. 1.   KYC prevents financial partnerships with money-launderers Without proper customer identity checks, this can unwittingly result in a company entering into a financial exchange with criminals that have obtained the money through illegitimate means. This exposes the…

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Daily Market Commentary
November 21, 2021 BY Alan Sayer

Oil Rallies as US Crude Stocks Decline in Tight Market

The United States is the largest consumer of crude oil in the world. Spurred by strong demand in the US and global supply shortage, oil prices have reached a new high. On 26th October, Brent crude was selling at $86 a barrel, and US oil was up by 0.7% to $83.96. According to Goldman Sachs,…

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October 11, 2021 BY Alan Sayer

Mastercard and Citi expand partnership for small business support

Miguel Gamino, Executive Vice President, Enterprise Partnerships and Head of Global Cities and City Possible, commented: Cities need to think about how to adapt to a digital world in a way that leverages technology to bring more people into the digital economy. Partners like Citi allow us to continue to expand the range of solutions…

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October 08, 2021 BY Alan Sayer

Visa expands 'Buy Now, Pay later' feature into Australia

The Visa Installments Solution provides the technology for issuers and acquirers within the Visa network to offer BNPL functionality to their shoppers.  Julian Potter, Visa's Group Country Manager for Australia, New Zealand, and South Pacific, said: There is overwhelming demand in Australia for BNPL financing through consumers' existing, trusted financial institution. We're proud to work…

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October 07, 2021 BY Alan Sayer

FXSpotStream reveals new microsecond low-latency architecture

FXSpotStream Co-Founder and CEO Alan Schwarz said: We have grown tremendously since our launch in 2011 becoming the 3rd largest FX Service by volume with an ADV this year at USD48.5billion. At the same time, we have placed great importance on the speed and quality of our market data distribution. Our aim is to provide…

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CMC Markets
October 07, 2021 BY Alan Sayer

CMC markets expecting operating income of £126m in H1 of FY2022

Leveraged gross client income for H1 FY2022 is anticipated to be around £127 million, compared to £174 million the previous year. Meanwhile, leveraged net trading revenue for the period is expected to be approximately £100 million — half of the £200 million figure previously reported. However, non-leveraged trading revenue is expected to fall to £24…

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Cboe Global Markets
October 06, 2021 BY Alan Sayer

Cboe hires Bo Chung as Senior Vice President

Catherine Clay, Executive Vice President, Global Head of Data and Access Solutions, said:  For many years I have admired Bo's impressive track record of success and industry leadership and I'm thrilled to have him join the team. Cboe's expansive Data and Access Solutions offering is an integral part of the company's global vision and we…

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Deutsche Börse
October 06, 2021 BY Alan Sayer

Deutsche Börse announces next-generation digital post-trade platform

The company teamed up with numerous financial institutions to help build the infrastructure, including Citi, BNP Paribas, Deutsche Bank, DekaBank, dwpbank, Goldman Sachs, DZ Bank, Raiffeisen Bank International, and Vontobel. In addition, D7 is being built in collaboration with technology partners Digital Asset, Microsoft, R3, and VMware. Member of the Executive Board of Deutsche Börse,…

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