BDSwiss Group has announced, during its 6th annual kick-off meeting, its expansion plans for 2019 and the opening of new offices in the Philippines. The BDSwiss Group has seen a 136.67% growth in trading volume during 2018, compared to 2017 according to data presented. There also was a substantial increase of 210.05% in the total…
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INTL FCStone Inc. (NASDAQ: INTL) just informed that its Singaporean subsidiary INTL FCStone Pte Ltd (IFP) is about to acquire the futures and options brokerage and clearing business of UOB Bullion and Futures Limited, a subsidiary of United Overseas Bank Limited. Greg Kallinikos, Deputy CEO, Asia, commented on the acquisition: Adding such a well-established, Asian-focused…
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Deutsche Bank and Commerzbank revealed on Sunday that they were in merger talks, which confirmed the rumors that had circulated hinting at the merger. The announcement did not come as a surprise given the manner in which Deutsche Bank has struggled since the 2008 financial crisis. However, the announcement triggered concerns by labor unions about the likelihood that…
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CLS Group just reported its annual volumes and shared that in 2018 it experienced a 2.5% increase in new business in its FX settlement service CLSSettlement. The average daily settlement volume was USD130 billion. CLS has already released record traded volumes in CLSSettlement in its H1 2018 interim report. More than 90% of this growth…
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London-based FCA regulated brokerage Stater Global Markets just announced that it has joined oneZero’s EcoSystem. The Prime of Prime brokerage offers direct access to Tier 1 bank and non-bank liquidity. It has now extended the distribution of its FX and CFD liquidity to oneZero’s network and co-located with oneZero in LD4, with cross connections now in place…
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LCH has expanded its non-deliverable interest rate swaps offering yesterday, adding five additional currencies - Brazilian Real, Chilean Peso, Colombian Peso, Taiwan Dollar and Thai Baht. The global clearing house began clearing of non-deliverable interest rate swaps last April. Since then, market participants have been able to clear this product denominated in Chinese Yuan, Korean…
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CME Group (NASDAQ:CME)'s new legal entity CME Amsterdam B.V. will be fully operational from 18 March 2019, since the approval from the Dutch Minister of Finance is already a fact. The newly formed Amsterdam establishment will ensure that CME Group's BrokerTec and EBS venues and CME Regulatory Reporting services (formerly NEX Regulatory Reporting) can continue to service…
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US independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has just established a new affiliate, R.J. O’Brien France S.A.S. The Paris office will open doors at the end of the month, pending regulatory approval. RJO Group has recently achieved record revenues and profits for 2018, according to RJO Chairman and Chief Executive Officer Gerald…
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DRIVE Markets, an institutional spot and derivatives exchange, just announced that it has teamed up with Gold-i. The newly formed partnership will allow brokers to connect High Frequency Trading (HFT) systems and access a growing order book. Just last week, DRIVE Markets launched its institutional crypto and fiat currency exchange, offering derivatives trading for Bitcoin,…
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Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) announced that following the initial success of its cooperation with Nayax Ltd, on 17 January 2019 the two companies had agreed to extend their acquiring contract up to 2024. The extension of the acquiring agreement was governed by the following terms: Nayax’s founding stockholders agreed…
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