Chubb European Group has just announced that it has moved its whole business from London to France, effective January 1, 2019. The company's decision was approved by regulators last year and it provides Chubb's clients with uninterrupted service regardless of the outcome of Brexit negotiations between the UK and the European Union. David Furby, Regional…
Read more
Derivatives marketplace CME Group (NASDAQ:CME) has just released its volumes report for 2018. The average daily volume (ADV) reached a record 19.2 million contracts, up 18% YoY. Highlights include: Record Interest Rate ADV, up 22 percent to 9.95 million contracts Record Metals ADV, up 12 percent to 638,000 contracts Record FX ADV, up 9 percent…
Read more
Multibank FX aggregation service FXSpotStream has just announced its trading volumes for the month of December 2018. FXSpotStream has reported record figures indicating continued and rapid growth for the company back in October. Unlike most other FX venues, the FXSpotStream Service was open 21 days (versus 20) in December. ADV in December MoM (Dec vs…
Read more
Euronext, the pan-European exchange in the Eurozone, has announced the acquisition of 78% of the capital of Commcise from its founders for an initial cash consideration of £27 million. Commcise is a Software as a Service (SaaS) provider of research evaluation and commission management solutions for financial services firms, combining research funding, consumption and accounting into a…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more