ACB Investment (ACB), the newly launched global marketplace, announced that it has just changed its fee policy. Instead of a $15 fee per one-lot position, the service will now charge $10. CFDs will continue to have no fees. We believe that the new commission rate will have a very positive effect on small lot size…
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Advanced Markets Group has announced that it has teamed up with Centroid Solutions. Centroid Solutions is a technology provider specializing in advanced risk management, analytics, quant-based execution technology, connectivity and regulatory reporting, servicing the global FX market. The partnership aims to further extend the reach of both companies “best in breed” offerings allowing FX market…
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Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) has today provided the market with another update relating to the sale of its shareholding in MarketFinancials Limited (MF). The Company has agreed to extend the completion date of the conditional Share Purchase Agreement to sell its entire holdings in MF, a non-core loss-making asset, for €100,000…
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Marex Solutions has just announced that it has launchеd its US OTC hedging entity, Marex Spectron USA, LLC. The company has named Scott Shellady Head of US Agricultural Commodity Sales. Marex Solutions is the OTC derivatives arm of the commodity broker Marex Spectron and is live since 2017. Prior to Marex Solutions, Shellady worked for…
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LCH, a global clearing house, has announced earlier this week that it is going to be the first clearing house to integrate with FX Connect TradeNeXus. TradeNeXus is State Street’s FX trading platform that provides exception based automated matching, trade and settlement confirmation enrichment and third party messaging. The new link provides users of TradeNeXus…
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Deutsche Bank and BNP Paribas reached a master transaction agreement yesterday. According to Reuters, the transaction happens in order to assure service continuity to Deutsche’s global prime finance and electronic equities clients. Deutsche Bank said in a statement on Monday that it will continue to operate the platform until clients can be migrated to BNP…
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National Australian Bank (NAB), Australia’s leading bank for businesses in the region, and multi-asset, end-to-end trading solutions company, smartTrade Technologies, have just announced that they have extended their ongoing relationship. NAB FX business is powered by LiquidityFX, smartTrade’s flexible end-to-end trading platform. LiquidityFX was selected in 2014 as a market connectivity solution for NAB, offering…
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FX post-trade infrastructure and solutions provider Cobalt has announced that it has gone live with Deutsche Bank, XTX Markets and Saxo Bank as its first clients. Cobalt has developed a platform that matches all FX trades into a single trusted record, dramatically increasing efficiency and offering clients savings of up to 50% on their current…
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TP ICAP plc has announced earlier this week that it has acquired ClearCompress Limited, a provider of innovative, algorithm-based, light-touch compression services in cleared and uncleared derivatives that assist clients to achieve cost efficiencies and capital reduction. TP ICAP and ClearCompress started collaborating in 2017. In March 2019 when TP ICAP agreed to provide funding…
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Virtu Financial, Inc. (NASDAQ: VIRT) has just announced that it will launch new transaction cost and market impact models for FX and fixed income, as part of ongoing enhancements to its comprehensive multi-asset class TCA offering. Kevin O’Connor, Virtu’s Head of Analytics and Workflow, commented: Our ACE Analytics product has been the leading cost and…
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