Just two days after announcing that it had been acquired by Deutsche Boerse's 360T for $100 million, institutional FX platform GTX has reported its best-ever month, setting record trading volumes in May 2018. May’s average daily volume at GTX ECN of $16.8 billion exceeded the previous $16.1 billion record set in February this year. Total…
Read moreiBanFirst, a platform specialized in multi-currency transactions for companies, has just announced that it has added the Turkish Lira to its foreign currency offer. iBanFirst customers will now be able to have a dedicated account for their Turkish Lira transactions; allowing them to receive and issue payments directly in the foreign currency as well as allowing…
Read moreANZ Bank New Zealand Ltd today announced it has agreed to sell OnePath Life NZ Limited for NZ$700 million to Cigna Corporation, a specialist insurance business that has been providing insurance protection to New Zealanders for 100 years. The transaction represents a slight premium to embedded value and is expected to generate a gain on…
Read moreCLS, a market infrastructure group delivering settlement, processing and data solutions, has just announced that Banco Monex has joined as a settlement member. Banco Monex joins 69 other leading banks in becoming a settlement member in CLSSettlement, the payment-versus-payment settlement service for the global foreign exchange market – which settles USD5 trillion on an average…
Read moreGMEX Group (GMEX), an established provider of services in financial markets, has just announced that it has teamed up with the Digital Asset Group (DAG), a financial service provider. The Joint Venture (JV) will be the first fully-integrated financial group servicing this emerging sector; bringing together the practices of regulated banking, finance and exchanges with…
Read moreFX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…
Read moreTORA, provider of the industry’s advanced cloud-based order and execution management system (OEMS), has just announced that it has partnered with Trax, the post-trade services and European market data division of MarketAxess, to help their mutual clients meet MiFID II trade and transaction reporting requirements. This development is the latest in a range of solutions…
Read moreNEX Markets, a NEX Group (LON:NXG) business that provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, has just announced that Bloomberg FX (BFIX) rates will be added to the NEX eFix Matching Service, which enables customers to execute fixing interest electronically via the EBS Market platform. The BFIX benchmark…
Read moreJoVE has just announced that it has expanded its partnership with the European Commission's Joint Research Centre (JRC), and the 3,000 researchers working at the JRC's six locations. As the publisher of the world's only peer-reviewed scientific video journal, JoVE is committed to contributing to the Centre's research productivity and experimental reproducibility. To that end,…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated, London based institutional FX broker FIXI plc has raised an additional £2.2 million (USD $3.0 million) in capital from its shareholders, and hired a number of senior executives, ahead of a planned expansion into Retail FX. First, regarding the fundraising.... FIXI shareholders led by Goran Drapac -…
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