Koine and DTM Global Holdings announce joint venture agreement to deliver post-trade solution LeapRate

May 20, 2020 BY Steffy Bogdanova

Koine and DTM Global Holdings announce joint venture agreement to deliver post-trade solution

DTM will work closely with Koine to develop a custody and settlement solution for eDigital securities for partners like Metropolitan Stock Exchange of India (MSEI). Koine will integrate with VentureXchange, DTM’s trading platform with the MSEI that enables investors to trade in certain digital portfolios once they are listed on the exchange. The next…

May 20, 2020 BY Valentina Kirilova

Cboe Global Markets to acquire Canadian trading system MatchNow

Ed Tilly, Chairman, President and Chief Executive Officer of Cboe Global Markets, commented on the news: MATCHNow offers an innovative equities platform, pioneering spirit and customer-first approach that are complementary with Cboe's equities business. This is a highly strategic acquisition that enables us to expand into a new key geography, and strengthens our position as…

May 15, 2020 BY Valentina Kirilova

CLS’ ADV down 30% MoM in April

Average daily traded volume submitted to CLS by product (USD trillion)* April 2019 March 2020 April 2020 Forward 0.095 0.129 0.086 Swap 1.175 1.358 1.085 Spot 0.369 0.707 0.379 Total average daily traded volume submitted to CLS (USD trillion) 1.639 2.194 1.550 * Due to rounding, numbers presented throughout the document may not…

Bequant announces crypto prime brokerage for institutional clients

May 15, 2020 BY Steffy Bogdanova

Bequant launches crypto prime brokerage for institutional investors

Gibraltar-based crypto exchange Huobi offers their own brokerage services as an additional service for institutional clients, although finding companies that offer full range of prime brokerage tools is rare. Headquartered in London, Bequant offers its clients access to spot trading at exchanges and OTC desks. Zarya has said that the firm plans to offer derivative…

StoneX Group announces stock ticker symbol change to SNEX

May 15, 2020 BY Steffy Bogdanova

INTL FCStone rebranding to StoneX Group awaits shareholder vote

The rebranding will cover all of INTL FCStone’s regulatory profiles around the world and will not require any significant action by clients and partners. The company says it will preserve the “significant brand equity” as “Stone” representing the oldest part of the company’s franchise and the “X” is for exchange, digitization and innovation. INTL FCStone…

May 14, 2020 BY Steffy Bogdanova

Deutsche Börse and SAP to set new standards for cloud computing in financial industry

Luka Mucic, CFO of SAP SE said: Deutsche Börse and SAP are contributing their industry-specific expertise to this project in partnership, thus paving the way for digitalization. Powerful yet flexible IT is the key to meeting the growing demands of the highly regulated financial industry now and, above all, in the future. Deutsche Börse has…

May 14, 2020 BY Steffy Bogdanova

Fintech FXCubic teams up with online broker Libertex for liquidity services

Wassim Khateeb, Head of Business Development at FXCubic, remarked: We are incredibly pleased to be adding Libertex to our continuously expanding family of partners. Each partner brings new challenges but also gives us the opportunity to learn and better ourselves, helping us move forward towards our goal of becoming an internationally recognised leader within the…

May 12, 2020 BY Steffy Bogdanova

Wirecard and Varengold Bank provide payment solutions to FinTech firms

The cooperation will provide for Varengold Bank’s customers Wirecard’s banking-as-a-service expertise, spanning digital banking, prepaid card issuing, acquiring and loan fronting services. Wirecard’s customers will, in turn, benefit from Varengold Bank’s capabilities in creating tailor-made financing solutions. Leonard Coen, Head of Sales Financial Institutions & FinTech Europe at Wirecard commented: At its core, this collaboration…

May 11, 2020 BY Steffy Bogdanova

CoinShares acquires and rebrands GABI Trading

CSCM has supported the Group’s products under the brand of XBT Provider and the firm’s actively managed family of funds, while also setting up proprietary trading strategies. CSCM clients trade alongside the firm and benefit from best-price execution. Jean-Marie Mognetti, CoinShares CEO and head of CoinShares Capital Markets commented: With their deep expertise in trading,…

May 07, 2020 BY Steffy Bogdanova

FXCubic joins SquaredFinancial’s list of FinTech suppliers

FXCubic provides institutional and retail brokers with bridging solutions, price aggregation, connectivity tools and risk management automation software globally. The London-based fintech company aims to desig robust and flexible technology. Ege Kozan, Chief Executive Officer at FXCubic, said: We are delighted to welcome SquaredFinancial to our ever-growing portfolio of clients. At FXCubic, we are determined…

Category: Institutional