Category: Institutional

January 26, 2023 BY Steffy Bogdanova

ATB Financial adopts smartTrade’s FX web platform

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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January 05, 2023 BY Steffy Bogdanova

Alpha Group announces opening a Bristol office

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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December 15, 2022 BY Steffy Bogdanova

ICE Global Network expands in Hong Kong, Shanghai and Tokyo

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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Euroclear reports operating income increase of 7% in H1 2021
December 14, 2022 BY Steffy Bogdanova

Euroclear announces acquisition of Goji

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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December 13, 2022 BY Steffy Bogdanova

oneZero adds Cboe FX and State Street to its EcoSystem

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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December 01, 2022 BY Steffy Bogdanova

Cboe FX Markets' November trading volume up 18.6% YoY

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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November 29, 2022 BY Steffy Bogdanova

HSBC sells its Canadian business to RBC for $10.1 billion

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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Credit Suisse
November 23, 2022 BY Steffy Bogdanova

Credit Suisse expects CHF1.5 billion pre-tax loss in Q4

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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