Beginning our peek into July 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that July trading volumes decreased slightly by about 3% MoM from June, clocking in at $27.1 billion average daily volume for the month. Similar in pattern to June, activity did seem to be stronger in…
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The following post is based on research from Arnaud Masset, Market Analyst at Swissquote Group Holding SA (SWX:SQN). For more of Arnaud's research see Swissquote Research. The Swiss National Bank reported a profit of CHF 1.2 billion for the first half of 2017, compared to CHF 7.9 billion for the first quarter. The sharp appreciation of the…
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SIX Exchange Regulation announced that has reached an agreement with SHL Telemedicine Ltd. in connection with a breach of the accounting standards (IFRS) in the 2015 annual financial statements. The identified deficiencies relate to the revenue recognition and disclosure for performance-based contracts as well as the recognition of expenses. As part of the agreement, the…
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FCA and CySEC regulated retail forex broker Exness has just announced its partnership with renowned Spanish football team Real Madrid, becoming the official trading partner of The Whites for the next three years. Exness is one of the world's largest Retail FX brokers, doing in excess of $250 billion of monthly volume. Exness is the…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, has welcomed the decision by the US District Court, Southern District of New York, to dismiss all claims against ICAP Capital Markets in an antitrust class action regarding the interest rate swaps market. ICAP Capital Markets had maintained from the outset…
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Thomson Reuters Corp (NYSE:TRI) just announced completed enhancements to its FXall and FX Trading desktops to ensure clients trading on Thomson Reuters Multilateral Trading Facility (MTF) remain fully compliant with the new MiFID II execution requirements for FX derivatives that will take effect in January 2018. The enhancements enable Thomson Reuters to add MTF-support for…
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New benchmarks ensure regular, accurate and reliable price information for all major currency pairs NEX Data, a NEX Group (LON:NXG) business which delivers independent market intelligence and price information for OTC data, announced today the launch of the ‘EBS FX Benchmarks’, a series of 30-minute FX fixings. The new fixings went live on 26 July…
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Financial technology supplier Star Hat Solutions announced that have further ventured into the retail forex market by solidifying their relationship with FIXI Markets. FIXI Markets is a trading name of FIXI Plc, an independent brokerage house which offers direct market access to Tier 1 level liquidity. FIXI Markets have considerable experience within the FX and…
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Thomson Reuters (NYSE:TRI) announced that has enhanced its tick history data service, Tick History 2.0, to provide the financial industry with a powerful tool for developing algorithmic and systematic trading strategies and assist in meeting MiFID II requirements in 2018. The solution assists institutions in complying with MiFID II, by incorporating additional reference data fields…
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Fidessa group plc (LON: FDSA) today announced that Marusan Securities Co., Ltd. (TYO:8613), an independent securities company headquartered in Tokyo, has gone live with Fidessa for its wholesale agency trading business. Japan's Financial Services Agency is now promoting wider adoption of "fiduciary duty – in a broad sense of serving the clients' interests", not only…
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