Volumes for March and the 1st quarter down around 30% YOY, though we see a jump in March 2014 to February 2014 contracts IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, today reported exchange traded volumes for March and the first quarter of 2014. Overall, ICE's March 2014 and first…
Read morePrivate financial cloud provider announced upgrades and expansions to its managed server hosting and connectivity in Carteret, New Jersey Options IT, the leading private financial cloud provider for the global capital markets industry, has today announced upgrades and expansions to its managed server hosting and connectivity in Carteret, New Jersey. Options IT’s Carteret, New Jersey…
Read moreOANDA hires industry veterans to confirm their commitment to Asia-Pacific Region OANDA, in an official news release today says they are pleased to announce the appointments of Gavin Ward as Head of Greater China, and Louis Cooper as the company’s Managing Director in Australia. The two industry veterans are tasked with growing OANDA’s business and…
Read moreService allows clients to set their own target FX rate to convert funds automatically within personal banking accounts HSBC Taiwan recently announced a new order watch service which allows clients to set their own target foreign exchange rate to convert funds automatically within personal banking accounts around the clock. Users can access it via HSBC's…
Read moreWendy Phillis will take over from Colin Smith, ICAP’s current Group Chief Risk Officer, who has decided to retire ICAP announces in an official press release today that it has appointed Wendy Phillis as Group Chief Risk Officer. Wendy will report to Ken Pigaga, Group Chief Operating Officer, and be based in London. She will join…
Read moreNew CySEC broker is granted a CIF license, but yet to go live The Cyprus Securities and Exchange Commission is reporting that they have granted a CIF license to forex broker registered under company name Harborx Ltd. license number 198/13 as of March 26, 2014. We do not know much on this broker other then…
Read moreSafeCharge raised $126 million, all proceeds to the company, plans to pay out half of EBITDA in dividends. After successfully pricing its IPO earlier this week, payment processor SafeCharge (LON:SCH) had its first day of trading Wednesday as a public company. After pricing its shares in the IPO at £1.62, SafeCharge shares traded up slightly (by…
Read moreAs Monex's FX trading volumes continue to dwindle, regional bank Shizuoka Bank buys Orix Corp's 20% stake in Monex for ¥24.4B ($237M). At a time when its FX trading volumes continue to fall (see chart below), mid-size Japan retail FX broker Monex Group (TYO:8698) is seeing a change at the top. Japanese regional bank Shizuoka Group is getting…
Read more30 to 35 percent of transactions on EBS, an electronic trading FX platform owned by ICAP Plc, are high-frequency driven A piece by Bloomberg today examines the shift of HFT strategies from the equities market into currencies. Fundamentals still drive the market over the short and long runs, though not quite in the minute to…
Read moreCME’s FX futures volumes made a favorable increase in March compared to February's results CME Group, the world's leading and most diverse derivatives marketplace, today announced that March 2014 volume averaged 14.1 million contracts per day, up 13 percent compared with March 2013. Total volume for March 2014 was more than 295 million contracts, of…
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