Category: Institutional

NSD and Interfax launch Single Disclosure Window product
May 19, 2017 BY Valentina Kirilova

Russia's NSD launches a service for prioritizing instructions when settling securities transactions

National Settlement Depository (NSD), Russia’s central securities depository, has launched a service allowing for the prioritization of the execution of instructions when settling securities transactions on a DVP basis (transaction code 19/0) or a FOP basis (transaction code 16). The prioritization service complies with international central securities depositories’ practice, increases settlement efficiency, and allows clients…

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Board of Directors
May 18, 2017 BY Valentina Kirilova

CLS shareholders elect nine new board directors

CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced that nine new directors have been elected to its Board of Directors at its Annual General Meeting held on 2 May 2017. The CLS Board now totals twenty-three directors, five of whom are independent and designated…

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cmc markets offices
May 18, 2017 BY LeapRate Staff

CMC Markets launches new institutional offering Prime FX

UK based online brokerage house CMC Markets Plc (LON:CMCX) has announced the launch of its new Prime FX proposition, as the company continues to bolster its institutional offering. Prime FX from CMC Markets has been designed to help fill the liquidity gap that has been left by many of the traditional prime brokers scaling back…

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May 17, 2017 BY admin

Rosenthal Collins Group names Brian Ager President of new institutional FX division

Rosenthal Collins Group LLC (RCG), an independent futures brokerage based in Chicago that specializes in serving Introducing Brokers, institutions, professional traders and individual investors, today announced the appointment of Brian Ager as President of the firm’s new Institutional Forex division in New York. Ager has spent more than three decades in financial services, including more…

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May 17, 2017 BY Valentina Kirilova

NEX Optimisation appoints Goldman Sachs Colin Murphy as Chief Commercial Officer

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announced today that it has appointed Colin Murphy as Chief Commercial Officer of NEX Optimisation which incorporates Head of Sales for NEX Regulatory Reporting. Colin joined NEX Optimisation on 15 May 2017. Launched in March 2017, NEX Regulatory Reporting is a…

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AcadiaSoft launches sensitivities calculation services
May 17, 2017 BY Valentina Kirilova

AcadiaSoft appoints Credit Suisse Fred Dassori as Head of Risk Products and Corporate Development

AcadiaSoft, Inc., a provider of margin automation solutions for counterparties engaged in collateral exchange worldwide, just announced the appointment of Fred Dassori as Head of Risk Products and Corporate Development. He will assume responsibility for the company’s Risk business segment and oversee external strategic growth initiatives. Dassori most recently served as president and CEO of…

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May 16, 2017 BY admin

BTIG adds Gareth Thomas as director of eFX platform, TradeSave FX

BTIG, LLC announced today that Gareth Thomas has joined the firm’s Forex Trading Group. Based in New York, Mr. Thomas will drive the development of BTIG’s electronic foreign exchange platform, TradeSave FX, a low-touch technology for advanced direct market access. “Gareth joins us following a distinguished career within foreign exchange trading,” said Anton LeRoy, COO…

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May 16, 2017 BY Valentina Kirilova

BrokerTec and MTS add Dutch and Belgian indices to RepoFunds Rate

BrokerTec, a NEX Group (LON:NXG) business which provides electronic trading technology and services for the fixed income market, and MTS, a fixed income electronic trading venue that is part of London Stock Exchange Group, announced today that they are further expanding the RepoFunds Rate (RFR) indices by adding Dutch and Belgian repo indices. The RFR…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
May 16, 2017 BY Valentina Kirilova

CLS April average daily traded volume down 5% MoM

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of April 2017. The average daily traded volume submitted to CLS was US$1.52 trillion down 5.0% from US$1.60 trillion in March 2017.   April 2016 March 2017 April 2017 Average daily traded…

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