Derivatives marketplace CME Group has announced that it achieved quarterly international (defined as outside of the US) average daily volume (ADV) of 4.2 million contracts during the second quarter of 2018, up 13 percent over the same period last year. Europe, Middle East and Africa quarterly ADV hit close to 3.3 million contracts in the…
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Business and financial news network CNBC has today announced the expansion of its Middle East operations with a new studio set to open in October at Nasdaq Dubai. The network will use the new base at MarketSite, part of Nasdaq Dubai’s new offices in the Dubai International Financial Centre (DIFC), to further enhance its editorial…
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Testing, Inspection and Certification (TIC) provider, Bureau Veritas informed that it has verified the very first Certified Green Bond for solar energy in Brazil. The bond has been issued by distributed solar energy company, Faro Energy in response to the rapid growth of the solar market in Brazil and will be used to finance distributed…
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A new study from the Ontario Securities Commission (OSC) offers insights on barriers to investing for Ontario millennials and how stakeholders can develop and refine products, programs and services that respond to millennials’ needs. Our research findings indicate many Ontario millennials are feeling overwhelmed by investing and don’t know where to start,” said Tyler Fleming,…
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The International Swaps and Derivatives Association, Inc. (ISDA) has announced that it has launched a market-wide consultation on technical issues related to new benchmark fallbacks for derivatives contracts that reference certain interbank offered rates (IBORs). The consultation sets out options for adjustments that would apply to the fallback rate in the event an IBOR is…
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Global commodities broker Marex Spectron has announced that it has received a group credit profile rating from S&P Global of ‘bbb’. This credit assessment reflects S&P’s view of Marex Spectron’s strong market position in Metals, Agricultural and Energy with solid capitalization, robust liquidity and limited risk appetite, according to the company. The stable outlook follows…
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Information giant Thomson Reuters (NYSE:TRI) has announced that it has introduced Rules-Based Order Routing (RBOR) to its Thomson Reuters REDI execution management system designed to enable traders to automate workflows in a flexible, customizable, and cost-efficient way. Thomson Reuters RBOR is both multi-asset and global in scope. RBOR gives traders the ability to set a…
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Torstone Technology, a provider of post-trade securities and derivatives processing, has today announced that ITI Capital, the brokerage and investment house for institutional investors and private clients, offering multi-asset agency execution services, has signed a multi-year agreement to utilise Torstone’s post-trade processing platform, Inferno. Torstone’s Inferno is a multi-asset, multi-entity cloud-based system, covering trade capture,…
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IdentityMind Global has announced that HBUS, which operates an online virtual currency marketplace in the U.S., has selected IdentityMind to provide anti-money laundering (AML) compliance for its marketplace. HBUS is the exclusive U.S. strategic partner of Huobi, the provider of virtual currency related services. HBUS is dedicated to AML compliance and has already registered with…
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The global clearing house LCH today announced that it has launched deliverable FX options clearing. Barclays, Citi and J.P. Morgan are among the first participants to use the service, with further banks expected to shortly start clearing the product. The move incorporates the first physical FX settlement service for cleared FX products, which LCH has…
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