KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of February 2017. In Market Making, KCG averaged $28.0 billion dollar volume traded (a minor decrease compared to January), 10.9 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 217.0 million U.S.…
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We recently spoke with Martina Doherty, owner, and founder of MD Consulting, a London-based marketing services agency, providing financial institutions and FinTech companies in capital markets with PR and communication services. The majority of the firm's clients are institutional forex companies. She set up the business just over 7 years ago to share her knowledge…
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BTL Group Ltd. (CVE:BTL) just announced the addition of Jon Downing to BTL’s advisory board. Over the last 25 years, Jon Downing has successfully delivered innovation, business and technology services at some of the largest and most respected global companies, including Visa, J P Morgan, HP Enterprise Services & American Express. Over the last two years,…
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The Monetary Authority of Singapore (MAS) granted approval for Siemens Bank GmbH Singapore Branch to operate as a merchant bank in Singapore. The new branch will cover financing activities for the Asia-Australia region. In addition to its main pillar, the loan and guarantee business, the branch will also provide selected finance advisory services for the…
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Tradeworks, the Singapore and Copenhagen-based fintech developer of trade automation technology, just announced that it will be extending its partnership with P.T. Monex Investindo Futures (Monex), an online brokerage in Indonesia. The partnership will grant exclusive rights to Monex as sole distributor and reseller of the Tradeworks trade automation platform for Indonesia until Q2/2018. Tradeworks has…
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CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for February 2017. The average daily volume submitted to CLS was US$1.5 trillion, up 2.7% MoM from US$1.46 trillion in January 2017. CLS also announced that is changing its reporting methodology to align with…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced the appointment of a new member to its Competitive Markets Advisory Council (CMAC), Jacob Frenkel, Chairman of the Board of Trustees for the Group of Thirty (G-30), a private, nonprofit, international body comprised of financial industry leaders; as well as Chairman of the Board of Governors of…
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GAIN GTX LLC (GTX), a registered swap dealer, has hired Ed Schwartz as Managing Director, Agency Sales. Prior to joining GTX, Ed Schwartz was at Citi, where he was responsible for covering global macro and real money accounts. He previously held senior sales and trading roles at Bank Julius Baer, JP Morgan and Bankers Trust-Deutsche Bank.…
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Trading technology provider Pragma has established a connectivity presence in Equinix’s LD6 data center in London to service its growing international client base. The expansion to Europe enables Pragma to meet growing demand for its Pragma360 platform, which comprises advanced algorithmic trading, order routing and transaction cost analysis (TCA) tools. A report from Greenwich Associates…
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Information giant Thomson Reuters Corp (NYSE:TRI) is creating a holistic suite of reporting services that will support the workflow of market participants in their efforts to meet post-trade transparency requirements mandated by the Markets in Financial Instruments Directive II (MiFID II). In preparation for the new regulations, the company is working closely with over 50…
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