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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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 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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LMAX Exchange, the FCA regulated MTF for global FX trading, has issued a white paper several months in the making. LMAX's report is a scathing review regarding the way the institutional global FX market works today, and offers ways to fix things. The LMAX Exchange white paper calls for industry-wide consultation and collaboration to agree consistent TCA…
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The financial technology company NEX Group plc (LON:NXG) just announced its audited results for the year ended 31 March 2017. Some of the highlights include: ICAP Global Broking division: sold for £1.3 billion Revenue from continuing operations increased by 18% to £543 million (2015/16: £460 million), an increase of 8% on a constant currency basis…
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LeapRate has learned that experienced Forex industry executive Nidal Abdelhadi has joined Abu Dhabi based FX brokerage house ADS Securities as its new Head of Global Institutional Sales. A native of Jordan, Mr. Abdelhadi began his FX career with Jordanian-owned but Swiss-based MIG Bank, spending 10 years at MIG moving up the ranks from regional…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today that Anna Ewing has been appointed to its Board as a non-executive director. She has also been appointed to the Risk Committee. Ewing most recently worked for Nasdaq which she joined in 2000 and spent 15 years with the…
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Seabury Global Markets LLC, a subsidiary of Seabury Capital LLC and a provider of FX and precious metals liquidity management and trade execution solutions, announced today that the company has entered into a strategic partnership with Noble Bank International (Noble), a non-fractional reserve bank that enables clients to clear, net and settle OTC products in…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of April 2017. In Market Making, KCG averaged $26.3 billion dollar volume traded (same number as in March), 11.1 billion shares traded, and 3.3 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.5 million U.S. equity…
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NEX Data is working in conjunction with NEX Markets to produce new FX margin ratios that are core to meeting new Japanese regulatory requirements NEX Data, a NEX Group business which delivers independent market intelligence and price information for OTC data, announces today that it has been mandated by the Financial Futures Association of Japan…
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