GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported record trading volumes during the month of August - quite a surprise given the usually quiet nature of summer currency trading in the institutional world. GTX reported total trading volumes of $357.3 billion in August or $15.5 billion ADV,…
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Leading off our reports of FX trading volumes for August by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 10% drop in activity from July volumes - marking the third consecutive month of volumes declines at FastMatch. FX trading volumes at FastMatch averaged $16.2 billion daily in August, as compared to…
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Lukoil PJSC announced that is considering selling its Geneva-based marketing and trading business, a move that would mark a significant pull back in the international presence of Russia’s second-largest oil company. According to Reuters, Lukoil is considering selling its Swiss unit Litasco because new U.S. sanctions on Russia will make it harder for the Geneva-based…
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ULLINK, the global provider of electronic trading and connectivity solutions to the financial community, today announced it has successfully certified its MiFID II Trade Reporting solution with TRADEcho, the Approved Publication Arrangement (APA) of the London Stock Exchange (LSE) that provides comprehensive pre- and post-trade transparency services. ULLINK’s Trade Reporting solution offers a centralised approach…
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Multinational banking and financial services holding company J.P. Morgan (NYSE:JPM) announced that clears its first NDF trades with LCH ForexClear on behalf of non-member clients since the introduction of uncleared margin rules FX is the latest addition to J.P. Morgan’s OTC clearing offering and highlights its commitment to providing clients a comprehensive platform across all…
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On 24 September, Germany will elect the lower house of its federal parliament (Bundestag). Prior to the election, financial markets will be particularly volatile, in reaction to winner/loser projections and other surveys of voter opinion. Thanks to a new artificial-intelligence (AI) tool from Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN), investors…
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ASIC has noted the decision by AusTex Oil Limited (AusTex) to make a US$6.17 million impairment charge against oil and gas assets in its financial report for the half-year ended 30 June 2017. ASIC had raised concerns about the value of oil and gas assets in the AusTex financial report for the half year ended…
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LUZ Soluções Financeiras, a Brazilian supplier of financial technology founded in 1999 and active across Latin America, announced that has partnered with ULLINK, the global provider of connectivity and electronic trading solutions, to provide turnkey solutions for clients of its front to back solutions. The new, extended trading platform will enable LUZ clients to connect…
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Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) just announced its results for the six months ended 30 June 2017, together with a trading update for the period to 22 August 2017. Before getting to the macro details, Playtech's financials provided quite a lot on insight into how its Financials division is doing,…
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Payments services company Paysafe Group Plc (LON:PAYS) announced today that it has completed the previously announced acquisition of substantially all the assets of Delta Card Services Inc., the holding company for Merchants’ Choice Payment Solutions (MCPS), a payment processor based in the Houston suburb of Shenandoah, Texas. Todd Linden, MCPS CEO, will join Paysafe as…
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