Ryan Rabin, Vice President of Banking & Payment Solutions at ATB Financial said: We were looking for a vendor with a strong reputation, an understanding of FX distribution and trading, as well as the technology to support it. smartTrade was able to provide a true end-to-end solution, including connectivity to liquidity providers and support teams…
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Alpha Group further admitted that the Bristol operations will generate smaller revenue. However, the company elaborated that companies in this market are underserved by traditional providers and their larger peers. Alpha is looking to fill that gap by offering high-quality offering whilst maintaining attractive profit margins. Alpha stated: Although clients will be smaller, our focus…
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ICE has strengthened connectivity access center offerings in Hong Kong, Shanghai and Tokyo. Among the new improvements are ultra-low-latency access to local markets, including Hong Kong Stock Exchange (HKEX), the Japan Exchange Group (JPX) and the Shanghai Futures Exchange (SHFE), as well as with regional and international connectivity leveraging ICE’s ultra-low latency backbone. Magnus Cattan,…
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David Genn, CEO, Goji commented: We are delighted to partner with Euroclear to deliver the platform infrastructure that the private markets industry needs. The ever-increasing demand from all investor groups to access private funds, points to the need for an end-to-end digital processing solution for these asset classes. The combination of Euroclear’s position in the…
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State Street will utilize shared, as well as tailored streams via direct relationships with their liquidity consumers. This will allow them to send clients a customized blend of liquidity, benefiting from multiple streams that allow for individual pricing per client segment according to flow characteristics, as well as shared streams for scalability. Ben Leit, Vice…
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The platform registered average daily volume (ADV) of $41,876 during last month. The numbers rose almost 2% since the previous month, when it was $42,690. Compared to November 2021, the ADV went up by 18.6%. The monthly trading numbers were based on 22 trading days in November, compared to 21 in October.
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Based on the financial data as of 30 September 2022, the deal will provide HSBC Group with a pre-tax gain of $5.7 billion. HSBC Canada’s assets are valued at $94.6 billion. The company has 130 branches and 4,2200 employees. Noel Quinn, the CEO of HSBC Group, commented: I am pleased that we have reached an…
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In July, the bank appointed Ulrich Körner new Group Chief Executive Officer to replace Thomas Gottstein. Credit Suisse noted that client activities have been impacted by economic challenges and market environment. The bank stated: The Investment Bank has been impacted by the substantial industry-wide slowdown in capital markets and reduced activity in the Sales &…
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Furthermore, Britannia will also become XCore community members. Samuel Gunter, Head of Foreign Exchange Trading, commented: We are excited to grow our Prime Brokerage offering to include CFDs and further expand our technological infrastructure, which will allow us to effectively service the increasing demand from our clients.
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Quentin Miller, Managing Director, Asia Pacific, at LMAX Group, said: Our Singapore matching engine brings us closer to clients in the region and since launch we have seen 3x growth in our FX trading volumes month on month. We are excited by the opportunities that lie ahead and are focused on building our presence in…
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