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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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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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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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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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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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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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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In September, PrimeXM's total number of trades was 30.37 million, a 12% MoM improvement compared to August’s 27.15 million trades. During September, the most traded instrument was XAUUSD (Gold), with $287.4 billion in notional value, representing around 23% of the overall monthly volume. The US30 index rose 3 places and displaced EURUSD as the 2nd…
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In September, demand elsewhere decreased, with agriculture, equities, and metal derivatives ADV falling both in the month and the quarter. However, CME revealed that interest rate ADV helped to push its overall demand higher. September saw interest rate ADV increase 58% to 7.66 million contracts, with the Secured Overnight Financing Rate (SOFR) hitting a record…
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Ending client equity for September was $353.8 billion, 52% higher than the same period in 2020, but down 3% compared to August. Interactive Brokers also reported ending client margin loan balances of $50.2 billion, a significant 67% increase on the year prior and a 1% rise on the month before. In a statement, Interactive brokers…
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