Tim Geannopulos, Chairman of the Board and CEO of Trading Technologies, said: We’ve been in search of the right strategic partner to help Trading Technologies achieve the tremendous potential of our pioneering new technology platform and accelerate the expansion of the business and product roadmap. Maintaining the firm’s independence will allow us to retain the…
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Jacob Rank-Broadley, Head of LIBOR Transition, Benchmarks & Indices at LSEG, said: As the global financial markets migrate away from LIBOR, the launch of our Tokyo Swap Rate (for swaps referencing TONA) serves as a critical step to facilitate this transition to the new market convention. Now more than ever the industry requires robust and…
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Ed Tilly, Chairman, President and CEO of Cboe Global Markets, said: Our goal with Nanos is to use education to inspire and empower new market participants to pursue a sustainable financial future. We believe Nanos are more appropriately sized for retail traders and enable traders to better express their opinions on market movements at a…
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CME Group Chairman and Chief Executive Officer Terry Duffy, said: We saw robust volume growth in Q3 as clients continued to manage a variety of risks during these times of ongoing economic uncertainty. Average daily volume grew 14% year over year during the quarter, led by double-digit growth in interest rates, energy and options products,…
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TP ICAP noted that the Index will allow counterparties to flexibly create structures with varied payoffs over specific periods of time. These transactions will supply data for the Index to in turn provide a correlation between the global temperature change and financial risk appetite. Nicholas Ernst, Managing Director, Weather Markets, TP ICAP said: The introduction…
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Deutsche Bank highlighted its growing presence in the APAC region, moving up the list of the top-ranked liquidity providers in APAC in Euromoney’s annual FX Survey. Chris Bezuidenhout, CIO for Corporate & Investment Bank in APAC and Global Emerging Markets said: We continue to invest in sharpening our technology to ensure that our electronic offering…
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Lance Uggla, Chairman and Chief Executive Officer of IHS Markit, added: Our teams have been working closely with the relevant regulatory authorities to achieve this important milestone for our merger. Once combined, the new company will deliver a broader set of information and insights that will drive the growth and performance of our customers. The…
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HSBC’s outlook for revenue remains positive with expectations to see growth, moving forward. The company also noted that it remains committed to the ESG agenda and continues to make progress. Quinn continued: While we retain a cautious outlook on the external risk environment, we believe that the lows of recent quarters are behind us. This…
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SOFR futures open interest has continued on a growth path as well. On 19 October 2021, it reached record 1,166,016, which up 170% and increased 16% in one month, having surpassed one million contracts of open interest on 15 September 2021. Agha Mirza, CME Group Global Head of Rates and OTC Products, said: As the…
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Ed Tilly, Chairman, President and CEO of Cboe Global Markets, said: We believe our acquisition of ErisX, coupled with broad industry participation and support, will help us bring the regulatory framework, transparency, infrastructure and data solutions of traditional markets to the digital asset space. ErisX has shown an unwavering commitment to improving spot and derivatives…
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