For the second month in a row, multibank FX aggregation service FXSpotStream has reported record figures indicating continued and rapid growth for the company. Both October total volumes of $824.6 billion and average October daily volumes of $35.9 billion set (by a wide margin!) new monthly records for FXSpotStream. Best previous results for the company…
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After a very slow September, data from Forex ECN FastMatch indicates that October 2018 saw a modest 3% increase in trading activity, with FX trading volumes coming in at $19.2 billion ADV, versus $18.6 billion ADV the previous month. We'd note that September was the slowest month of 2018 for FastMatch, and volumes remain well below the…
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Data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw average daily volumes climb modestly for the third month in a row, although activity remains well below where it was in the first few months of the year. Cboe FX saw a 1.4% MoM increase in average…
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Advanced Markets, an institutional foreign exchange liquidity and prime-of-prime service provider, has just announced that it has launched Advanced Markets (UK) Limited (AM (UK)), an FCA-regulated company. The entity includes new trading servers in Equinix’s LD4 and LD5 data centers as well as a new London office headed by industry veteran Nina Baksh. The launch…
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The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) have affirmed their commitment to strengthen supervisory cooperation and enhance financial connectivity between the capital markets of both countries, at the 3rd MAS-CSRC Supervisory Roundtable held on 24 October 2018. The Roundtable was co-chaired by MAS’ Deputy Managing Director Mr Ong Chong…
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Derivatives marketplace CME Group (NASDAQ:CME) and NEX Group (LON:NXG) have announced they have received clearance from the UK Competition and Markets Authority for CME Group's proposed acquisition of NEX. Completion of the transaction remains subject to sanction by the UK Court. The parties have scheduled the court hearing for November 1, 2018 and expect the closing to…
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Binary options platform and broker turned Blockchain company TechFinancials Inc (LON:TECH) has announced that it has entered into non-binding heads of terms with Footies Tech Ltd, a Blockchain based ticketing platform for sports venues and teams, with respect to establishing a new company subsidiary (NewCo). Footies is chaired by Ian Ayre, who was previously Chief…
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Electronic market maker XTX Markets Limited has today announced it has chosen Paris as its post Brexit European hub. XTX has filed an application with the Autorité de Contrôle Prudentiel et de Résolution, the French regulator, to operate a regulated firm in France. As one of the largest liquidity providers in European equities with a…
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Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has announced its volumes for the first nine months of the year and its activity grew with reported consolidated revenue of CHF 664.0m compared with CHF 600.8m in same period in 2017, up 9.0% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 10.5%. For the same…
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Sampo Group's Mandatum Life has just announced that it will launch a new online trading service based on the Copenhagen based Retail FX and CFDs broker Saxo Bank Group’s state of the art investment and trading technology in the first half of 2019. Sampo is one of Saxo Bank's new shareholders, acquiring a 19.9% stake alongside…
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