Singapore Exchange (SGX) Asia’s most international, multi-asset exchange today reported market statistics for August 2017. Total FX futures volume moved up 5% from the previous month to 800,350 contracts and up 75% from August 2016. The solid figures from SGX's FX segment attest to the slightly higher trend across the Forex trading industry for August…
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LCH SwapAgent, a service for the non-cleared derivatives market, announced today that it has processed its first trades. Citi and Deutsche Bank were the counterparties to the Swiss Franc-denominated interest rate swap and Euro-denominated inflation swap. The trades were processed through MarkitSERV. LCH SwapAgent is available for market participants trading non-cleared OTC interest rate derivatives.…
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Global connectivity provider Avelacom announced today that it is now using Metamako, the specialist provider of FPGA- enabled, high-performance networking devices, to significantly accelerate its network processing power and keep latency to an absolute minimum. The solution meets the needs of HFT firms and all firms in capital markets for whom latency is critical, allowing…
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Company's Correspondent Clearing Division to offer Zacks equity, mutual fund and ETF research as well as advisor tools to broker-dealers and RIAs INTL FCStone Inc. (NASDAQ:INTL) announced that the Correspondent Clearing Division of its wholly owned subsidiary, INTL FCStone Financial Inc. ("the Company"), has entered into a partnership with Zacks Investment Research to supply Zacks…
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Fortex, Inc., an electronic communication network (ECN) trading platform, and Commercial Network Services (CNS), a global online service provider specializing in hosting low latency algorithmic trading systems, today announced the release of an optical fiber cross connect between the companies' facilities in the NY4 Equinix datacenter in New York, United States. Driven by increased demand…
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Reporting for August a month-over-month change higher of 2%, NEX Group PLC (LON: NXG) sees their spot forex business steady, with FX volumes year-over-year a solid 27% greater. August 2017 produced volumes on the company's anonymous forex matching platform, EBS MarketFX of $83 billion, while July 2017 was just a touch lower at $81.6 billion. During…
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BT today announced that Cobalt, the FX post-trade processing network based on distributed ledger technology, has joined the BT Radianz Cloud - the world’s largest financial community. Organisations can now access Cobalt’s private peer-to-peer and blockchain services via their highly secure and resilient Radianz Cloud connections, helping firms reduce cost and operational risk. Cobalt uses…
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FTSE Russell, a global multi-asset index, data and analytics provider, has announced structural updates to its Industry Classification Benchmark (ICB), a globally recognised standard, operated and managed by FTSE Russell for categorising companies and securities. The enhancements result from the recent Market Consultation to align ICB with current industry practices and incorporate features from the…
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Investment comes as market participants prepare to comply with a raft of new post-trade reporting rules in Europe, North America and APAC Deutsche Börse and Illuminate Financial Management LLP have co-led in a US$5 million Series A funding round in RegTek.Solutions Inc., a multi-jurisdiction regulatory reporting solutions provider. Based in New York, RegTek.Solutions was launched…
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Monex Group, Inc. (TSE 8698, Oki Matsumoto, Representative Executive Officer and CEO) today reported the following monthly business metrics of its subsidiaries in August 2017. Global DARTs (DARTs stand for Daily Average Revenue Trades meaning the number of trades and transactions per day which generate revenue) were down 2% MoM to 257,715. Number of total…
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