LCH services continued to support transitional to risk-free rates (RFRs) during the past year. SwapClear, LCH’s interest rates derivatives clearing service, converted more than $35 trillion of a notional in the fourth quarter of 2021. SwapAgent saw 10,186 trades in 2021, which represents a 489% year-on-year increase. RepoClear processed €195 trillion of nominal across 9.4…
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Coinbase confirmed its plans to offer crypto derivatives and make the derivatives market more approachable for its retail customers. The official announcement said: Through this acquisition, we plan to bring regulated crypto derivatives to market, initially through FairX’s existing partner ecosystem. Following its announcement, Coinbase explained in a tweet that adding derivatives trading to its…
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Tradovate founder Rick Tomsic Following the acquisition, NinjaTrader’s Executive Team will welcome Tomsic as its Chief Strategy Officer. He will play a key role in developing the strategy for continued transformation of the futures industry. Tomsic will also serve on NinjaTrader’s Board of Directors. Martin Franchi, CEO of NinjaTrader Group, LLC, commented: NinjaTrader’s and Tradovate’s…
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Ten leading clearing firms invested $44 million in FIA Tech in2021 to fund the strategic growth of the company. The company has been investing in the further development of its existing products and in new solutions to improve market infrastructure across the listed and cleared derivatives industry. FIA Tech announced plans to strengthen its positions…
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Marc Bürki, CEO of Swissquote, said: With the acquisition of Keytrade Bank Luxembourg we will strengthen our European expansion. Moreover, we will continue to develop our service offering to suit the needs of institutional as well as private clients in Luxembourg and the European Union. We will bring together the strengths of both institutions –…
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Douglas L. Peterson, President and Chief Executive Officer of S&P Global said: The two divestures we have announced today represent an important milestone in our progress toward satisfying the required regulatory conditions to complete our merger with IHS Markit. With these agreements in place, we are well positioned to dedicate our full attention to our…
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Jean-Laurent Bonnafé, BNP Paribas Group Director and Chief Executive Officer, commented: This is a value accretive transaction for all sides, which emphasizes the quality of Bank of the West franchise. In the name of BNP Paribas, I would like to deeply thank all Bank of the West teams for their achievements and contributions for the…
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The acquisition have a significant positive impact on the volumes in the trading of USD/CAD and USD/GBP pairs. OFX Chief Executive Officer and Managing Direator, Skander Malcolm said: This is our first major acquisition and very much aligned with our strategy of building scale in the Corporate segment and growing the North American region. Firma…
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Crypto Finance will now be able to access to Deutsche Börse’s client and infrastructure and its capital base to further grow its team, carry out structural growth plans, and broaden its product and service portfolio. The expansion of the customer base will be focused on Germany in Europe, and Singapore in Asia. Eric Leupold, Head…
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Through the new Appital platform, buy-side firms can obtain more exposure to deal flow opportunities, portfolio managers and heads of trading build can gain a comprehensive picture of liquidity, including highly illiquid, small and mid-cap stocks. Rebecca Healey of Redlap Consulting noted in The Trade, discussing her recent report “Liquidity in the Time of Covid”:…
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