OANDA adds new Chasing Returns functionality to all platforms LeapRate

March 04, 2020 BY Steffy Bogdanova

OANDA adds new Chasing Returns functionality to all platforms

Forex trading platform OANDA, announced yesterday the strengthening of its partnership with Dublin-based FinTech firm Chasing Returns. OANDA’s platforms will be able to offer now expanded suite of capabilities, utilizing behavioural science research to help improve trading performance. The collaboration expands on the already integrated in 2018 Chasing Returns’ risk management technology into OANDA’s trading…

February 28, 2020 BY Steffy Bogdanova

Paysafe teams up with Celero Commerce in US market

Paysafe, specialized payments platform, announced its partnership with the Tenenesse-based integrated business management solutions provider, Celero Commerce. Paysafe will support Celero Commerce’s independent sales organizations (ISOs) in their expansion. Founded in 2018 Celero Commerce currently serves approximately 25,000 American merchants. The collaboration will allow the company to take advantage of 20-year experience of Paysafe assisting…

February 28, 2020 BY Valentina Kirilova

Playtech's financial division TradeTech reports a 30% YoY drop in revenue in 2019

Online gaming and financial trading giant Playtech PLC (LON:PTEC) has released its results for the year ended 31 December 2019. The company reported significant decrease in revenue in its financial division TradeTech Group (which includes CFH, Alpha, Markets.com), due to challenging market conditions in 2019. Group highlights include: Core B2B Gambling revenue growth of 15% vs. 2018 driven…

February 27, 2020 BY Steffy Bogdanova

INTL FCStone Inc to acquire GAIN Capital Holdings, Inc. at $6.00 per share

INTL FCStone Inc. announced today the acquisition of GAIN Capital Holdings, Inc. The agreement is approved by the board of directors of both companies. INTL FCStone agreed to acquire GAIN Capital for $6.00 per share in all-cash transaction, amounting to approximately $236 million in equity value. INTL FCStone also agreed to make an offer at…

February 27, 2020 BY Steffy Bogdanova

Finastra adds four new fintech apps on FusionStore

Finastra announced yesterday the addition of four new retail banking apps on its marketplace FusionStore. The app was first built in the end of last year and includes innovative saving, spending control and personal finance management services. They use open APIs through the FusionFabric.cloud development platform. The apps include: Flybits, а contextual customer engagement platform…

February 26, 2020 BY Steffy Bogdanova

TrueFX teams up with Axicorp, FXCM and Velocity Trade to launch Clearing Member network

TrueFX, spot trading facility delivered by Integral, announced today the launch of Clearing Member network. Axicorp, FXCM, Velocity Trade and TrueFX have formed a partnership to support customer access to the ecosystem. The collaboration allows clients to clear through Jefferies FXPB, TrueFX’s central credit counterparty, or open an account with a TrueFX Clearing Member and…

February 21, 2020 BY Valentina Kirilova

Morgan Stanley buying E*Trade in $13bn deal

Wall Street giant Morgan Stanley (NYSE: MS) announced on Thursday that it will acquire E*TRADE Financial Corporation (NASDAQ: ETFC), a financial services company and pioneer in the online brokerage industry, in an all-stock transaction valued at approximately $13 billion. E*TRADE stockholders will receive 1.0432 Morgan Stanley shares for each E*TRADE share, which represents per share…

February 20, 2020 BY Steffy Bogdanova

FMA hosted debate on passive vs active management

Investment industry leaders from New Zealand were gathered in Auckland last night to debate whether passive or active fund management was best. The debate was hosted by Financial Markets Authority (FMA), on topic: ‘passive management gives investors the best outcome’. Most KiwiSaver funds and managed funds in New Zealand favor active management, however passive management…

February 20, 2020 BY Valentina Kirilova

CLS Group's ADV up 11% MoM in January

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of January 2020. The average daily traded volume submitted to CLS was USD1.77 trillion, up 10.8 percent from USD1.60 trillion in December 2019. Average daily traded volume submitted to…

February 19, 2020 BY Valentina Kirilova

Sucden Financial is accessing Cobalt’s post-trade FX infrastructure

Credit is an issue across the foreign exchange market, as lack of transparency in traditional operations means that institutions may be unable to manage their credit lines efficiently. Banks are looking to change the way they operate to make middle and back-office functions more efficient. Sucden Financial has announced that it has now access to…

Category: Institutional