Category: Institutional

The German economy is coming back from the brink
March 21, 2019 BY Valentina Kirilova

Germany to create state fund for preventing unwanted foreign takeovers

Germany intends to pass laws for the creation of a government-owned fund that would protect vital German companies from being acquired by foreign companies (especially Chinese ones), by end of 2019, according to Reuters. This is a major departure from the government’s “laid-back” approach towards business. Peter Altmaier, the Economy Minister first suggested the creation…

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IG Group office
March 21, 2019 BY Valentina Kirilova

IG Group Holdings releases Q3 revenue update

UK online trading leader IG Group Holdings plc (LON:IGG) just released an update regarding the Group’s revenues for the three months ending 28 February 2019 - the company’s third quarter of fiscal year 2019 (Q3 FY19). Revenue for Q3 fiscal 2019 This was the second quarter in which the new ESMA regulations prohibiting the sale…

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March 21, 2019 BY Valentina Kirilova

GMI UK teams up with Takeprofit Technology

FCA regulated institutional FX and CFDs broker, Global Market Index Ltd (GMI UK) has just announced that it has partnered with Takeprofit Technology to distribute FX, CFD and Crypto liquidity to mutual partners. GMI UK have been committed to growing their Institutional business, partnering with a number of tech vendors such as Gold-I and One…

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BDSwiss Group opens new offices in the Philippines
March 20, 2019 BY Valentina Kirilova

BDSwiss Group opens new offices in the Philippines

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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acquisition
March 19, 2019 BY Valentina Kirilova

INTL FCStone acquires the futures and options brokerage and clearing business of UOB Bullion and Futures Limited

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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FXTM analyzed 70 M&A deals to show stock performance and GDP comps
March 18, 2019 BY Valentina Kirilova

Commerzbank and Deutsche Bank start official merger talks

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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March 13, 2019 BY Valentina Kirilova

Stater Global Markets extends distribution of FX and CFD liquidity to oneZero’s network

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
March 13, 2019 BY Valentina Kirilova

LCH extends non-deliverable interest rate swaps offering

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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Crypto security conference in Amsterdam draws family of Bitcoiners
March 12, 2019 BY Valentina Kirilova

CME Group receives green light to operate in Amsterdam

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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