Multibank FX aggregation service FXSpotStream has reported that volumes in August were up 9.5% MoM, coming in at $19.2 billion ADV. We’d note that volumes were down 14% in July, coming in at $17.6 billion ADV, but June was a near-record month at FXSpotStream, with ADV of $20.3 billion its highest in 2017 and near its…
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Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, today announced the completion of its acquisition of Monitise plc (LON:MONI), further expanding its digital technology suite to enable financial institutions worldwide to meet customer expectations for innovative digital banking experiences. Two months ago Fiserv shared it has reached agreement on the terms of…
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Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced its unaudited interim results for the six month period ended 30 June 2017 (H1 2017). Financial Overview: Group Revenues of US$ 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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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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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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