NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, has just announced its trading statement for the month of May 2018 and the results are finally good. Spot FX results were 21% up MoM. US Treasury’s numbers also rose with 15% MoM. The complete results can be seen in the…
Read moreBack in the beginning of April, derivatives marketplace CME Group Inc (NASDAQ:CME) has reached an all-time high quarterly average daily volume (ADV) of 22.2 million contracts during first-quarter 2018, up 30% from first-quarter 2017. The numbers continue to increase, as today the company has announced it reached average daily volume (ADV) of 20.1 million contracts…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings a number of further not-yet-disclosed details about Playtech's 2017 acquisition of Forex and multi-asset market maker and white label provider Alpha Capital Markets (formally ACM Group Limited). And, that the "$150 million" deal which saw Playtech buy ACM last year is likely to be completed at a…
Read moreAfter reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that May volumes totaled $645.4 billion, a record for the company. Average daily volumes of $28.1 billion were slightly off FXSpotStream's record in that regard, $28.8 billion set in February 2018 (but as February had 3 fewer trading days, total volumes in…
Read moreContinuing a very strong start to the year for institutional FX platforms, Forex ECN FastMatch has reported that May 2018 FX trading volumes were up 16% from April, with average daily trading volumes coming in at $22.6 billion. That just beats FastMatch's previous best month of May 2017, at $22.5 billion ADV. By comparison, FastMatch…
Read moreAfter setting two consecutive trading volume records in January and February, and then a slowdown in March and April, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked improvement in activity during May. Cboe FX reported trading volumes of $40.9 billion ADV during…
Read moreJust 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…
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