BGC Partners updates its second quarter outlook with lower expectations LeapRate

July 02, 2020 BY Steffy Bogdanova

BGC Partners updates its second quarter outlook with lower expectations

The company’s non-GAAP financial measures differ from the most directly comparable measures calculated in accordance with Generally Accepted Accounting Principles in the US (GAAP). Non-GAAP financial measures used by the BGC Partners include "Adjusted Earnings before noncontrolling interests and taxes", which is used interchangeably with "pre-tax Adjusted Earnings"; "Post-tax Adjusted Earnings to fully diluted shareholders",…

July 01, 2020 BY Steffy Bogdanova

SugarCane Capital teams up with FX market analytics provider Just to provide transparency

Typically, banks and brokers trade with low execution fees and instead their revenue is generated by marking up the bid/offer spread. A lack of transparency in this can mean discriminatory pricing, but with a market that is fast moving and not centrally cleared, understanding the scale of this additional margin can be challenging. Anders Nicolai…

July 01, 2020 BY Steffy Bogdanova

Cboe finalises EuroCCP acquisition, plans launch of Cboe Europe Derivatives for next year

Cécile Nagel, Chief Executive Officer of EuroCCP, said: We believe this transaction positions EuroCCP for continued success. In addition to building out our derivatives clearing services, we see many opportunities to collaborate with Cboe to expand our product offering across asset classes. With our shared values and focus on innovation and client service, together with…

June 29, 2020 BY Steffy Bogdanova

Singapore Exchange to acquire BidFX and expand its reach into global FX OTC market

Jean-Philippe Malé, CEO of BidFX, said: We are delighted to join the SGX group of companies and combine forces with the largest FX futures marketplace in Asia. We will be, amongst other plans, expanding our coverage to include FX futures, which gives sophisticated investors a hedge to access the broader market across OTC and futures…

Deutsche Bank and Olam International execute Asia’s first FX Forward with ESG performance targets

June 26, 2020 BY Steffy Bogdanova

Deutsche Bank and Olam International execute Asia’s first ESG-linked FX Forward

Olam’s Managing Director and Group CFO, N. Muthukumar said: Olam is delighted to partner with Deutsche Bank to implement Asia’s first ESG FX solution. This innovative facility provides us with a hedge on our currency risk exposure and enables Olam to lock-in a discount when we meet pre-set ESG targets that are aligned with our…

June 26, 2020 BY Steffy Bogdanova

BNY Mellon releases data and analytics solutions offerings and partners with Microsoft

The new offerings include: A cloud-based data and analytics platform Data Vault which supports the rapid onboarding of data to provide more flexibility and advance client innovation and discovery. Through combination of Data Vault with a scalable, machine-learning approach to data quality, users can more interact with data faster to gain actionable insights. The Distribution…

June 26, 2020 BY Steffy Bogdanova

Panxora joins Koine’s digital post-trade ecosystem

Panxora’s AI models adapt to the manner cryptocurrency markets operate. They take advantage of upward trends and act quickly to limit losses when markets decline sharply in value. Hugh Hughes, CEO and Chairman at Koine, said: From Koine’s inception, our main focus was the protection of digital assets, which is why we’re working with independent…

June 25, 2020 BY Steffy Bogdanova

INTL FCStone rebrands and expands its relationships with Eventus in the EMEA region

Alexander Culley, Chief Compliance Officer, EMEAA (Europe, the Middle East, Africa and Asia) for INTL FCStone Ltd., said: Our colleagues in the U.S. have been extremely pleased with the ability to customize alerts as well as the performance and flexibility of the Validus platform – not only as it relates to U.S. trading venues but…

June 23, 2020 BY Steffy Bogdanova

Diginex and Itiviti team up for NYFIX connectivity for digital asset customers

Richard Byworth, CEO at Diginex commented: NYFIX was the natural first choice for us as connectivity partner. Diginex’s mission is to provide improved access and regulated infrastructure to institutions and sophisticated investors looking to participate in this new emerging asset class. NYFIX enables this with connectivity to a broad cross-section of institutional asset managers and…

June 19, 2020 BY Steffy Bogdanova

TechFinancials reports 56% fall in revenues for the financial year

TechFinancials invested resources in its subsidiary Footies for the development of a blockchain driven ticketing software and app, for Sports Venues and teams. Footies has continued to add new software components to serve Event Creators allowing them to establish and manage events while controlling the tickets. The Footies development expenses were included in the reports…

Category: Institutional