London based global commodities broker Marex Spectron has just announced that it has signed an agreement to acquire the customer business of Rosenthal Collins Group (RCG) – an independent futures commission merchant (FCM) based in Chicago. The deal will add 14,000 clients and 150 employees to Marex Spectron and give the UK firm an important…
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TradingScreen Inc. (TS), the all-asset class order and execution management system (OEMS), has informed the public that Agilon Capital is now leveraging TradeSmart for FI as their OEMS, including IG Corporates, High Yield, CDS, Treasuries, and futures. TradingScreen has also recently expanded its partnership with ITG. We are very pleased to be working with TradingScreen in…
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Digital trading technology firm DriveWealth, LLC has just informed that it has partnered with Avenue Securities. Avenue Securities is a Miami based digital brokerage founded earlier this year by Brazilian entrepreneur Roberto Lee. The company provides easy access to mostly Brazilian retail investors interested in securities traded on U.S. exchanges. DriveWealth CEO Robert Cortright commented: We are…
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The technology-enabled market maker Virtu Financial, Inc. (NASDAQ: VIRT) has just announced the addition of David Urban to its Board of Directors. David’s deep experience as a business and governmental relations executive and demonstrated leadership acumen will add significant value to our Board of Directors,” said Robert Greifeld, Virtu’s Chairman. “We look forward to benefiting from…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of November 2018. The average daily traded volume submitted to CLS was USD1.68 trillion down 1.7 percent from USD1.71 trillion in October 2018. Average daily traded volume submitted to CLS by…
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Last month binary options turned blockchain technology company TechFinancials Inc (LON:TECH) announced that it has signed a binding agreement with Footies Tech Ltd. to establish a new company subsidiary NewCo. Now that the final terms of the venture have been agreed, you can read all about it below: Asaf Lahav, CEO of TechFinancials said: We…
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FX technology company Integral has just released its volumes report for the month of November. The average daily volumes (ADV) across Integral platforms totaled $38.3 billion last month. This shows an increase of 10.7% MoM and a rise of 9.4% compared to the same period last year. This recent data shows that Integral’s partners are…
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Derivatives marketplace CME Group Inc. (Nasdaq: CME) has just announced its November volumes, releasing a record Energy futures and options monthly average daily volume of 3.1 million contracts, as well as Record Energy options monthly average daily volume of 492,000 contracts. FX volumes remained steady MoM in November with 904,000 contracts per day. The complete report…
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The World Federation of Exchanges (WFE) has informed the public that it has signed a memorandum of understanding (MOU) with the African Securities Exchanges Association (ASEA). According to WFE and the Association, the two main goals of the memorandum will be: to support the development of market infrastructures in Africa, and a wider African capital market ecosystem…
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As climate change projections grow increasingly dire, governments are calling on the private sector to address and prepare for its effects. Nori, the blockchain-based marketplace for removing carbon dioxide from the atmosphere, is making it easy for companies to pay to reducing their carbon footprint, while incentivizing farmers to switch to more eco-friendly agricultural practices.…
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