oneZero Financial Systems has announced that it has teamed up with FCA regulated institutional FX and CFDs broker Global Market Index (GMI UK). GMI UK joins oneZero’s EcoSystem, a distribution channel of multi-asset class liquidity for the largest global network of brokers, prime brokers and hedge funds, to distribute FX, CFD and cryptocurrency liquidity to…
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Sanostro, a platform for trading signal intelligence sourced from systematic managers, has just announced that it has joined forces with institutional algorithmic trading software provider AlgoTrader. AlgoTrader provides a comprehensive platform for developing, testing and running quant trading strategies, and supports all asset classes including cryptocurrencies. Last year, Cryptonomics Capital Ltd., a crypto-valley based AI crypto quant…
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Digital trading technology company DriveWealth, LLC has just announced the expansion of its partnership with Stake, the first non-U.S. company to offer commission-free trading in U.S. stocks, Exchange-Traded Funds (ETFs) and American Depositary Receipts (ADRs). DriveWealth has also recently partnered with Avenue Securities and Trading Central. The DriveWealth platform expands offering to South American users, starting…
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Virtu Financial, Inc. (NASDAQ:VIRT) has entered into a definitive agreement to acquire Investment Technology Group, Inc. (NYSE:ITG) back in September 2018. The company has agreed to acquire ITG in a cash transaction valued at $30.30 per ITG share. September 2018 was definitely a good month for the company, as it has prepaid another $74 million…
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Market volatility generated an exceptional amount of processing volume for the Financial Industry Regulatory Authority (FINRA) in 2018 – 66.7 billion electronic records per day, up 87.4% over the ADV in 2017. FINRA has already reported an unprecedented amount of market activity through the first six months of 2018, averaging a record 57.9 billion electronic records…
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ING Bank has just announced that it has signed a major 5-year deal with enterprise software firm R3, entitling the bank to an unlimited number of licenses for R3’s commercial blockchain platform, Corda Enterprise. The deal will allow ING to roll out access to Corda Enterprise throughout the bank globally and deploy production-ready CorDapps across…
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LeapRate Exclusive... BridgerPay has just announced its integration partnership with technology and CRM firm Fair Trading Technology (FTT), one of the most reputable technology, product and service providers in the financial industry. BridgerPay will help FTT brokers to optimize their payments flow, together with a unified payment page. This partnership is another step forward in…
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IHS Markit (Nasdaq: INFO) has announced the launch of its economic and financial scenario solution. The solution provides eight economic scenarios to help banks comply with the Current Excepted Credit Loss (CECL) estimation required under the Financial Accounting Standards Board (FASB) standard going into effect in 2020. The eight scenarios include the Macroeconomic Advisers by IHS…
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INTL FCStone Inc. (NASDAQ:INTL) has just announced that it has received regulatory approval and completed the acquisition of US-based broker-dealer, GMP Securities LLC. The company, previously known as Miller Tabak Roberts Securities, LLC, is an independent, SEC-registered Broker-Dealer and FINRA member and its US-based parent company from GMP International Holdings Corp., a wholly-owned indirect subsidiary…
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LiquidityBook, the Software-as-a-Service (SaaS)-based provider of buy- and sell-side trading solutions, has just announced that 2018 has been a record year for the company. Highlights include: Total revenues were up by more than 20% YoY in 2018. Several key senior hires were made in 2018, including Ryan Canfield and Matthew Howard. LiquidityBook signed more than 20…
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