Al Hilal Bank has just announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. The Memorandum of Understanding (MoU) was signed by Alex Coelho, Chief Executive Officer at Al Hilal Bank, and Richard Teng,…
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Continuing a string of somewhat slow set of trading volumes being reported for the month of July by leading institutional FX platforms, Forex ECN FastMatch has reported that July 2018 FX trading volumes were down 10% from June, with average daily trading volumes coming in at $20.0 billion. However, despite the seasonal slowdown, that is not…
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The hot summer months seem to have brought a seasonal cooling in FX trading volumes. Leading off our monthly coverage of activity at leading Retail and Institutional FX platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 12% decline in average daily volumes from…
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Phillip Capital Inc., a Chicago-based self-clearing futures commission merchant (FCM) and broker dealer, and Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, today announced that Phillip Capital has contracted with Trading Technologies to make the TT futures trading platform available to Phillip Capital’s global client base of professional traders. With…
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Applied Blockchain, the UK developer of distributed ledger technology and smart contracts, has just announced the opening of an office in Porto – its first non-UK office – to further strengthen its blockchain development and to fulfill the growing demand from clients internationally. Set up in 2015, Applied Blockchain supports leading organisations across multiple sectors…
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Kx, a division of First Derivatives, has announced today that its Kx technology has been selected by BroadBridge Networks to power its cybersecurity platform. The partnership provides access to the Kx technology stack, enabling BroadBridge Networks to provide streaming analytics on network telemetry at previously unachievable scale and cost. BroadBridge Networks, based in Silicon Valley,…
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Smartkarma, the global network for independent research on Asian markets, has announced its partnership with CorpXSasia, the Corporate Access provider in Asia that arranges unconflicted and regulatory-compliant meetings between global institutional investors and listed corporates in Asia. This partnership brings value to both companies’ clients by providing a more comprehensive, one-stop opportunity for both Corporate…
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UK dividends surged 7.1% to a record £30.7bn on an underlying basis, according to the latest Dividend Monitor from Link Asset Services. Soaring mining dividends, and a weaker-than-expected drag from exchange rates help explain the impressive figures, though growth was broadly spread across a wide range of sectors. Underlying dividends (excluding specials) surged 7.1% to…
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The Federal Reserve Board has informed the public that it has launched the Consumer Compliance Supervision Bulletin - a new publication that will provide bankers and others interested in consumer protection with high-level summaries of pertinent supervisory issues. The Bulletin complements other Federal Reserve System outreach programs for banking organizations, such as the Consumer Compliance…
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Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has informed that its activity grew in the first semester with reported consolidated revenue of CHF 459.8m compared with CHF 411.4m in same period in 2017, up 10.3% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 11.8%. For the same period, the Group’s…
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