Dubai Financial Market (DFM) has just announced that EFG Hermes Brokerage has become the first member that receives a DFM accreditation to provide the Allocation Account Service to its client base. The DFM has launched this new service recently in a pioneering step amongst regional markets, as of its efforts to reinforce its business framework…
Read moreFollowing two consecutive months of record FX trading volumes to start off the year, GTX – the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) – has reported that it continued its strong Q1 with another stellar month in March. GTX reported $374.6 billion of total trading activity in March between its…
Read moreAfter a stellar start to 2018 trading, Forex ECN FastMatch has reported a somewhat expected decline in activity during the month of March. After seeing two of its best months ever in January and February, FastMatch FX trading volumes declined by 11% MoM in March 2018, coming in at $18.8 billion ADV. FX trading volumes…
Read moreAfter setting two consecutive trading volume records in January and February, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked decline in activity during March. After reporting daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV in January to…
Read moreOn 28 March, the International Islamic Financial Market (IIFM) and World Gold Council have led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa İstanbul and organized by the Islamic Finance Directorate. The meeting assessed current market practices with respect to identified gold related…
Read moreBroadridge Financial Solutions, Inc. (NYSE:BR), a global fintech firm, announced that it has completed the acquisition of ActivePath, an Israeli-based digital technology company. ActivePath’s technology enhances the consumer experience associated with consumer statements, bills, and regulatory communications. ActivePath extends Broadridge’s ability to transform and accelerate the pace of digital adoption, further strengthening Broadridge’s Governance and…
Read moreThe European Commodity Clearing (ECC) has announced that it has been given Recognised Clearing House (RCH) status by the Monetary Authority of Singapore (MAS). This will be ECC’s first regulatory license outside of Europe, representing a key milestone for ECC and CLTX, as part of EEX Group, in their shared global growth ambitions. The RCH…
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Solactive AG has just published a new research paper analyzing the additional cost paid by investors in order to passively track a benchmark. The selection of an index as a benchmark has been tied to the cheap cost to reference it; however, in this research paper, Solactive AG quantifies the additional turnover costs that investors…
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Wealth management fintech firm JHC Systems (JHC), has just announced that its digital dashboard for instant 360°portfolio monitoring, risk analysis and ongoing compliance checking, JHC Neon (Neon) is now available in the Eikon App Studio. Amer Attar, JHC’s Head of Alliances, commented that Neon’s fit with Eikon is “about as perfect as could be”. The…
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Six major global banks announced that they have adopted the first fully-digitized MiFID II trade compliance engine for the financial markets. The service from Droit Financial Technologies (Droit) was launched in January ahead of the MiFID II deadline, and instantly expands the ability of financial institutions to comply with the thousands of pages of MiFID…
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