London Stock Exchange Group Plc (LSEG) said its $13 billion tie-up with Deutsche Boerse AG is unlikely to proceed after a new regulatory hurdle signaled a potential end to the companies’ efforts to create a champion European exchange, according to Bloomberg. European Union officials had requested that LSE divest MTS, an electronic trading platform for…
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BNP Paribas Investment Partners announced the appointment of Guillermo Felices as Senior Market Strategist within its Multi Asset Solutions team. He will be based in London and will report to Colin Graham, CIO for Multi Asset Solutions and Head of Active Asset Allocation. In this newly-created role, Felices will be responsible for generating emerging market…
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The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Thursday issued guidance explaining how supervisors should examine for compliance with the swap margin rule, which established margin requirements for swaps not cleared through a clearinghouse. The guidance explains that the Board and the OCC expect swap entities covered by…
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This article was written by freelance writer Zak Goldberg. Forex trading is something lots of people like to engage in, and can offer an individual trader some great benefits like allowing them to trade 24 hours a day, and use leverage to open themselves up to big changes in value even with relatively low capital.…
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U.S. bank Morgan Stanley might initially move 300 staff from Britain following its exit from the European Union, and is scouting for office space in Frankfurt and Dublin, Bloomberg News reported earlier on Thursday. The Wall Street firm will eventually choose either Frankfurt or Dublin to base its enlarged European Union hub, according to the Bloomberg…
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Euclid Opportunities, NEX Group (LON:NXG)’s financial technology investment business, announced today that it has made a strategic investment in RSRCHXchange, a cloud-based marketplace and MiFID II workflow solution for accessing institutional research. Terms of the investment are not disclosed. RSRCHXchange launched RSRCHX, its marketplace and MiFID II workflow solution for institutional research in 2014, in…
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Seabury Global Markets LLC (SGM), a subsidiary of Seabury Capital LLC and a provider of FX liquidity management and trade execution solutions, announced today that it has initiated a new collaboration between SGM, Spotex, and SBI FX Co., Limited, a wholly-owned subsidiary of Japan's leading online securities firm SBI Holdings. SGM has been selected by…
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UK peers were given fresh warnings not to try to change the Brexit Bill after it cleared its first hurdle in the House of Lords. Brexit minister Lord Bridges mentioned voters had backed a "brutally simple" question in the referendum as he cautioned fellow peers against attempting to amend the legislation during what are expected…
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The Wall Street Blockchain Alliance (WSBA), a non-profit trade association, just announced that Blockchain Intelligence Group (BIG) has joined the organization as its newest corporate member. BIG’s proprietary Blockbits, BitRank and Qlue products provide real-time search, data analytics and risk assessment for blockchain-based data and assets, such as bitcoin and other cryptocurrency transactions, providing essential…
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Tullett Prebon Information (TPI), a provider of independent real-time price information from the global OTC financial and commodity markets, has signed a partnership agreement with Murex, the provider of trading, risk, and processing solutions. The deal allows Murex to use TPI’s data for internal model validation, while TPI gains exposure to a wider range of…
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