Category: Institutional

cme group fx volumes
September 05, 2017 BY Valentina Kirilova

CME Group reaches ADV of 16 million contracts in August, up 14% MoM

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that August 2017 average daily volume (ADV) reached 16 million contracts, up 16 percent compared with August 2016 and up 14% from previous month. CME Group August 2017 options volume averaged 3.1 million contracts per day, up 30 percent versus August 2016, with electronic options averaging 2.2…

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September 05, 2017 BY Valentina Kirilova

PEGAS starts new Spot Market Index

PEGAS, the pan-European gas trading platform operated by Powernext, announced the introduction of the European Gas Spot Market Index (EGSI)on 5 September responding to the market participants’ needs. The index will cover all liquid gas spot markets operated by PEGAS. Along with the launch of EGSI, PEGAS will also harmonise the use of existing indices…

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September 05, 2017 BY Valentina Kirilova

Nippon Life to settle currency trades in Japan via CLS

CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the first Japanese non-bank financial institution (NBFI) to join the CLS system via third-party access. Nippon Life Insurance Company, Japan’s leading life insurance company in terms of net profit, is now settling FX transactions in CLS…

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LCH
September 05, 2017 BY Valentina Kirilova

ForexClear clears $1 trillion of notional in August

LCH, a global clearing house, announced today that its ForexClear service processed over $1 trillion in notional over the course of August, setting a new monthly record. ForexClear has seen demand for its NDF clearing service significantly increase since the introduction of the uncleared margin rules in September 2016. ForexClear now has 28 clearing members…

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IS Prime fx liquidity prime broker
September 05, 2017 BY LeapRate Staff

IS Prime nearly triples Revenues in 2017 to £16.6 million

LeapRate has learned that FCA regulated FX liquidity and prime brokerage services provider IS Prime is set to announce results for its Fiscal 2017 year (ended March 31), showing impressive growth and profitability figures. IS Prime will report a nearly threefold increase in Revenues, and a 900% increase in operating profit: Revenues of £16.6 million…

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September 01, 2017 BY Valentina Kirilova

Fiserv completes acquisition of Monitise plc

Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, today announced the completion of its acquisition of Monitise plc (LON:MONI), further expanding its digital technology suite to enable financial institutions worldwide to meet customer expectations for innovative digital banking experiences. Two months ago Fiserv shared it has reached agreement on the terms of…

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techfinancials
September 01, 2017 BY Valentina Kirilova

TechFinancials releases challenging first half 2017 results

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced its unaudited interim results for the six month period ended 30 June 2017 (H1 2017). Financial Overview: Group Revenues of US$ 6.97m (H1 2016: US$ 9.86m) Core software licencing revenues on standalone basis totalled US$ 3.58m (H1 2016: US$5.82m) The trading platform revenues totalled…

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Hotspot FX volumes
September 01, 2017 BY LeapRate Staff

Hotspot FX August 2017 forex volumes flat at $27.1 billion ADV

Beginning our peek into August 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that August trading volumes were equal to those of July clocking in at $27.1 billion average daily volume for the month. Similar in pattern to June and July, activity did seem to be stronger in…

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