CySEC regulated brokerage company XSpot Markets (EU) Ltd., has just announced that it has teamed up with innovative brokerage technology company TraderEvolution Global. The firm will deliver its multi-market trading software suite to enable access to a true multi-asset offering. XSpot Markets will be using a multi-market trading software tailored for brokers and banks and…
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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 November 2019. The average daily traded volume submitted to CLS was USD1.61 trillion, down 10 percent from USD1.79 trillion in October 2019. Average daily traded volume submitted to CLS by…
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The foreign exchange market is unique in one respect in that it is unlike any regulated national exchange, where transparency is apparent for all transactions. The forex market, on the other hand, has always been a broad based over-the-counter (OTC) networked system that relies upon credit relationships. As such, it is often difficult to get…
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“Crypto Dad” has rejoined the workforce. Former Commodity Futures Trading Commission (CFTC) Chairman Christopher Giancarlo has accepted a position as senior counsel for the New York-based law firm of Willkie Farr & Gallagher. Originally appointed to serve as the head of the CFTC during the Obama administration, Giancarlo served for five years in that position.…
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Tradefora PLC, a software company with focus on Best Execution, have announced that they have added some of the most popular stock indices to their benchmark reference price index for OTC markets. Newly added instruments cover 12 major stock indices for Asia, EU and the US markets and now expanded the total list to 150+.…
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Morgan Stanley’s forex trading department has run afoul of its forex control procedures. Although the global bank has failed to publicly acknowledge the problem, inside sources have spread the work that four FX traders have been suspended until further notice, due to their concerted effort to conceal anywhere from $100 to $140 million in forex…
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TradeStation Securities, Inc., the online broker-dealer and futures commission merchant operating subsidiary of TradeStation Group, Inc., has launched a new pricing plan named TS SELECT. The new feature has been designed for the advanced trader and unlocks access to TradeStation’s entire suite of products and offerings, including its desktop platform. Through TS SELECT, traders in…
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McKay Brothers International (MBI) has announced that it has now added Shanghai and Hong Kong as trading centers for its Asia services. The company now offers connectivity at the lowest known commercial latency between the Tokyo-CC2 data center and trading centers in Shanghai and Hong Kong. MBI has also improved the latency its hybrid microwave/fiber service…
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Fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has acquired ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets. The addition of ClearStructure’s private debt capabilities will create a differentiated solution in the market and enable Broadridge to serve new clients. ClearStructure’s component services enhance…
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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 October 2019. The average daily traded volume submitted to CLS was USD1.79 trillion, down 3.2 percent from USD1.84 trillion in September 2019. Average daily traded volume submitted to CLS…
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