Ebury, a fintech for corporate global transaction services, has announced the opening of a second office in the Benelux region. Following the success of Ebury’s office in The Netherlands, Ebury is expanding its regional growth and has chosen Brussels as a second location in the region. The new office is located in the city centre…
Read more
Thomson Reuters (NYSE:TRI) has introduced APA Connectivity, an efficient and customizable solution for the financial services industry to comply with trade reporting requirements for Approved Publisher Arrangements (APAs) under MiFID II, set to be implemented on January 3, 2018. MiFID II regulations require financial companies to publish pre- and post-trade data to at least one…
Read more
Forex ECN FastMatch has announced that individuals may now purchase FX Tape data from its website at a cost of €40 a month. Payment can be made by credit card. FastMatch launched its FX Tape service in September, as a new and innovative market data product that improves post-trade transparency in FX markets and allows market…
Read more
Electronic trading firm NEX Group PLC (LON: NXG) has reported its results for the first half of Fiscal 2018 (for the six month period to September 30, 2017, fiscal year-end is March 31, 2018), indicating healthy continued Revenue growth in some of the company's key units, including its Forex ECN unit, EBS. However profits were down,…
Read more
Qualcomm Incorporated (NASDAQ: QCOM) today announced that Qualcomm River Holdings B.V., an indirect wholly owned subsidiary of Qualcomm, has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding common shares of NXP Semiconductors N.V. (NASDAQ: NXPI). The tender offer is being made pursuant to the Purchase Agreement,…
Read more
JPMorgan Chase & Co. (NYSE: JPM) has announced that on December 18, 2017 (the “Liquidation Date”), the Delaware trusts that issued the below seven series of trust preferred securities (the “Trust Preferred Securities”) will be liquidated, the Trust Preferred Securities and the trust common securities (the “Trust Common Securities”) issued by those trusts will be…
Read more
Through a strategic alliance and the acquisition of a 10% stake in Caple, BNP Paribas Asset Management (‘BNPP AM’) is announced that it is now providing an innovative platform to offer alternative credit to European small and medium-sized enterprises (‘SMEs’). Caple facilitates access to alternative credit for SMEs, working with international institutional investors to address…
Read more
Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced its foreign exchange (FX) market, Cboe FX, reported record market share of 14.5% in October, surpassing its previous record of 13.6% set in December 2013. Year-over-year, Cboe FX ADV increased 26.7% to $32.0 billion in October. The record performance was driven by a number of factors, including…
Read more
Visible Alpha announced today the acquisition of Alpha Exchange, an innovative research discovery and management platform for investment professionals. The addition of Alpha Exchange’s advanced technology platform to Visible Alpha’s existing services will create a unified consumption and collaboration experience across research reports, analyst models and corporate access events backed by a robust compliance framework.…
Read more
NEX Group PLC (LON:NXG)’s post trade division NEX Optimisation announced today that it has introduced capital valuation adjustment (KVA) analytics to its triCalculate XVA (Valuation Adjustment) service. KVA calculations determine the lifetime costs of capital as part of the pricing of an OTC derivative. Pricing trades correctly is critical to ensuring accurate credit risk, counterparty…
Read more