Oanda partners with Currenex on new institutional FX trading platform LeapRate

May 01, 2018 BY LeapRate Staff

Oanda partners with Currenex on new institutional FX trading platform

New York based FX brokerage group Oanda has announced that it has recently launched an institutional trading platform tailored to meet the advanced requirements of professional FX traders, from hedge funds and brokers to CTAs and proprietary trading firms. Called OANDA Pro, the platform will be powered by State Street's Currenex, a leading provider of high-performance…

May 01, 2018 BY LeapRate Staff

Cboe FX (Hotspot) April forex trading volumes down 5% to $36.3 billion ADV

After 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, and now April. After reporting record daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV…

May 01, 2018 BY LeapRate Staff

GAIN Capital GTX FX volumes cool in April down 14% MoM to $14.6 billion ADV

Following three months of strong 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 activity slowed somewhat during the month of April 2018. GTX reported $306.5 billion of total trading activity in April between its ECN and SEF…

May 01, 2018 BY LeapRate Staff

FastMatch April FX trading volumes edge up 3% to $19.4 billion ADV

Continuing a very strong start to the year, Forex ECN FastMatch has reported that April 2018 FX trading volumes edged up by 3% versus March, averaging $19.4 billion daily. After seeing two of its best months ever in January and February, FastMatch FX trading volumes declined by 11% MoM in March 2018 to $18.8 billion ADV,…

April 30, 2018 BY Valentina Kirilova

BNP Paribas Asset Management launches BNP Paribas Novo 2018 business loan fund

Following the success of its Novo 1 fund, launched in 2013, BNP Paribas Asset Management (BNPP AM) announced the launch of BNP Paribas Novo 2018, a new business loan fund for institutional investors. The fund has the backing of the FFA and the CDC, and aims to provide new sources of financing to help French…

April 26, 2018 BY Valentina Kirilova

Gil Mandelzis' new FX credit switching venture Capitolis goes live with Citi, Jefferies and FXCM

Capitolis, the pioneering technology provider for the capital markets, has just announced it is live with its foreign exchange credit switching service, Capitolis Switch. Capitolis raised $29 million of venture capital funding earlier this year from Silicon Valley VCs Index Ventures and Sequoia Capital ($20 million led by Index Ventures, and a prior $9 million…

April 25, 2018 BY Valentina Kirilova

The future of banking – evolution, revolution or a big bang?

Mr Ong Chong Tee, Deputy Managing Director, Monetary Authority of Singapore (MAS), has made a curious speech at this year's German-Singaporean Financial Forum. Mainly discussing Singapore and Germany's relations, Ong Chong Tee's speech also included the future of banking, open banking, as well as the role of financial regulators. His complete commentary can be seen…

April 25, 2018 BY Valentina Kirilova

Fiserv launches FinKit for Open Banking

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology, has just announced that it has launched FinKit™ for Open Banking to help financial institutions meet and keep pace with rapidly unfolding regulations. The move toward open banking, driven by the European Union's Second Payment Services Directive (PSD2) and the United Kingdom's Open Banking…

April 25, 2018 BY Valentina Kirilova

CME Group and NEX reach an agreement on the terms of acquisition

The boards of NEX Group plc (LON:NXG), CME London Limited and CME Group Inc. CME (NASDAQ:CME) have announced that they had reached an agreement on the terms of a recommended share and cash acquisition of the entire issued and to be issued share capital of NEX. The Acquisition is to be effected by means of a…

April 23, 2018 BY Valentina Kirilova

ASIC and Australian Government Department of Jobs and Small Business sign MoU

The Australian Securities and Investments Commission (ASIC) and the Australian Government Department of Jobs and Small Business (DJSB) have today announced the signing of a Memorandum of Understanding (MOU). ASIC Commissioner John Price and Secretary of the Department of Jobs and Small Business, Ms Kerri Hartland, today announced the MOU to facilitate the agencies working…

Category: Institutional