CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of October 2018. The average daily traded volume submitted to CLS was USD1.71 trillion down 1.1 percent from USD1.73 trillion in September 2018. Average daily traded volume submitted to CLS…
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Refinitiv, formerly Thomson Reuters Financial and Risk, has announced that it has added Sunday trading capabilities to its equities trading platform and announced the adoption of REDI by Riyad Capital to enhance their trading execution capabilities in Saudi Arabia. REDI enables regional and global clients to trade into the Middle East and North Africa (MENA)…
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IRESS has announced that CMC Markets Institutional, a provider of liquidity solutions used by many banks, brokerages, funds and dealing desks across the globe, has adopted its order management system. The new order management system helps CMC manage client pre-trade risk, positions, portfolios, margin, order routing and workflow and forms a key component of CMC’s…
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Virtu Financial, Inc. (NASDAQ: VIRT) has just announced that it has entered into a definitive agreement to acquire Investment Technology Group, Inc. (NYSE: ITG), which has been unanimously approved by the Board of Directors of ITG and Virtu. Virtu has agreed to acquire ITG in a cash transaction valued at $30.30 per ITG share. Clients…
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NEX Group PLC (LON: NXG) just announced their markets volumes for the month of October. US Repo continues its monthly rise, Spot FX jumped with 3% MoM to 88.7. US Treasury was up 37% MoM in October. The exact numbers can be seen in the table below: Summary Average daily volume (in USD billions, single…
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Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) have established a bilateral financial arrangement of USD 10 billion equivalent. The arrangement will enable the two central banks to access foreign currency liquidity from each other, if needed, to preserve monetary and financial stability. The bilateral financial arrangement, which will be in place for…
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Dubai International Financial Centre (DIFC), the financial hub in the Middle East, Africa, and South Asia region (MEASA), has announced that it has signed a landmark Memorandum of Understanding (MoU) with China Banking Association (CBA). This will be a significant addition to the Centre’s global network of strategic partnerships. DIFC and CBA will collaborate on…
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Right after announcing that it has completed the acquisition of NEX Group plc (LON:NXG), derivatives marketplace CME Group Inc. (Nasdaq: CME) has informed that it has reached average daily volume (ADV) of 20.6 million contracts per day during October 2018, up 38 percent from October 2017. Open interest at the end of October was 128…
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CME Group Inc. (Nasdaq: CME) has just announced that it has completed its acquisition of NEX Group plc (LON:NXG). The combined company will enable clients worldwide to trade futures, cash and over-the-counter (OTC) markets, optimize portfolios and analyze data to efficiently manage risk and capture opportunities. CME Group will retire the NEX name and brand…
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NEX Markets, a NEX Group (LON:NXG) business providing electronic trading technology solutions at the centre of the FX and fixed income global markets, has announced that BrokerTec Europe Limited has worked with Eurex Clearing, one of the largest global CCPs, to launch a new clearing solution for the European repo market. The new clearing solution…
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