oneZero Financial Systems announces partnership with Jefferies Services LeapRate

November 13, 2018 BY Valentina Kirilova

oneZero Financial Systems announces partnership with Jefferies Services

oneZero Financial Systems has announced the addition of Jefferies Financial Services, Inc. to its core product offering for clients. Jefferies is a prime broker offering open market access to oneZero EcoSystem clients. As part of the agreement, Jefferies eFX, the firm’s electronic client trading platform, joins the EcoSystem, with FX market making in over 50 instruments. Andrew…

November 12, 2018 BY Valentina Kirilova

IAM announces financing for JMB Crushing Systems ULC

IAM has just announced the closing of a senior term loan to JMB Crushing Systems ULC (“JMB”), a portfolio company of Seattle-based private equity firm Westward Partners, LLC. This financing represents IAM’s third transaction with JMB, following the two initial tranches of debt which were advanced in April and June 2017. JMB has been producing…

November 12, 2018 BY LeapRate Staff

Exclusive: Divisa Capital rebranding as Equiti Capital

LeapRate Exclusive... LeapRate has learned that Divisa Capital, the institutional multi-asset prime brokerage arm of Equiti Group, is planning to soon announce a rebrand of the company to Equiti Capital - essentially dropping the 'Divisa' brand and uniting the company's identity under the 'Equiti' moniker. Currently the parent company Equiti Group operates its institutional business…

November 12, 2018 BY LeapRate Staff

FastMatch revenues down 4% in Q3 to €5.4 million

Data from parent company Euronext NV (EPA:ENX) indicate that Forex ECN FastMatch saw a slowdown in business during Q3, with FastMatch revenues down by 4% from €5.6 million in Q2 to €5.4 million (USD $6.1 million) in Q3-2018. That really shouldn't come as a surprise to LeapRate readers, as we had reported over the past…

November 09, 2018 BY Valentina Kirilova

Abacus Group acquires Hedgepoint Solutions

Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has just announced it has completed the acquisition of Hedgepoint Solutions, a boutique IT consulting firm based in New York City. Abacus Group has been doing some amazing things in the hosted IT space, growing not just throughout the US…

November 08, 2018 BY Valentina Kirilova

CLS Group reports steady trading volumes in October

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…

November 07, 2018 BY Valentina Kirilova

Refinitiv adds Sunday equities trading to target Middle East market

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)…

November 07, 2018 BY Valentina Kirilova

CMC Markets adopts IRESS’ open access trading technology

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…

November 07, 2018 BY Valentina Kirilova

Virtu pays $1 billion to acquire agency execution and trading analytics firm ITG

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…

November 06, 2018 BY Valentina Kirilova

NEX Markets volumes remain strong in October

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…

Category: Institutional