May 19, 2014 BY Mike Fox

CLS April FX volumes drop, confirming institutional slowdown - ADV down 14%

Monthly Volumes and Values, April 2014 Total Input Volumes and Values In April 2014: The average daily volume submitted to CLS, combining the settlement and aggregation services, was 983,850 down 14.9% from 1,155,507 in March. The average daily value submitted to CLS was US$4.79 trillion down 10.5% from US$5.35 trillion. *Input volumes are the number…

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May 19, 2014 BY Mike Fox

Spinaris Capital selects OptionsCity to expand FX option trading on CME & Eurex

Press Release OptionsCity Software, a global provider of electronic trading solutions for professional futures and options traders, today announced that London and Chicago-based Spinaris Capital will expand its FX and energy options trading utilizing OptionsCity’s Metro and Freeway platforms. According to the firm's LinkedIn, Spinaris Capital is a quantitative trading firm based in London &…

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May 18, 2014 BY Mike Fox

JP Morgan keeps building Plus500 stake, now above 11%

A small percent of shares are being held by JP Morgan' asset management arm (3.72%), meaning they are being held mostly for clients of JP Morgan, but most of the shares are being held by JP Morgan Securities (7.39%), meaning that the bank is likely building a position itself in the company.

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May 16, 2014 BY Mike Fox

Russia FX: MMCIS Group entered into TSRFIN "black list"

Here is the press release (translated) from the Russian self-regulatory organization tasked with monitoring FX in mother Russia. Online trading company known as MMCIS Group was added to the black list of companies to avoid doing business with. They violated a number of maxims laid down by the organization...Members of TSRFIN can not use deceptive…

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