Saint Petersburg International Mercantile Exchange (SPIMEX) and S&P Global Platts, a division of S&P Global, have announced that they have signed a memorandum of understanding (MoU) at the Russian Energy Week 2018, held in Moscow. Under its terms, the parties agree to work on the development of pricing mechanisms for exported Russian crude oil including…
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Mercer, a global consulting company, specializing in advancing health, wealth and career, and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), and Morningstar, Inc. (NASDAQ: MORN), the provider of independent investment research, have just announced an alliance to provide investors and advisors with a single global digital platform for institutional investment manager…
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Derivatives marketplace CME Group has just released its trading volumes for the month of September and has reached average daily volume (ADV) of 17.5 million contracts per day during September 2018, up 3 percent from September 2017. Open interest at the end of September was 120 million contracts, up 6 percent from September 2017 and…
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Genesis Proprietary Trading, an Australian proprietary trading company, and Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, have just announced Genesis has contracted with Trading Technologies to use the TT futures trading platform. With this agreement, Genesis’ proprietary traders have access to TT’s fully integrated suite of cutting-edge functionality for…
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Today, women hold just 18% of positions on the boards of the 3,000 largest publicly traded corporations in the U.S., according to CNBC. In 2017, 624 public companies had no women on their boards at all. California has just become the first state to require publicly held corporations headquartered in the state to include women…
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TradingScreen Inc. (TS), the all-asset class order and execution management system (OEMS), has just announced a strategic collaboration with ITG, an independent broker and financial technology provider. The collaboration will result in an integrated solution that allows TS customers to access ITG real-time analytics at the single-order and portfolio levels. Providing valuable insight into the…
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Financial technology provider Centroid Solutions has announced that it is expanding into the Australian market. The company which provides a wide array of services in the areas of Risk Management, Connectivity, Aggregation and Regulatory Reporting is expanding to Sydney, Australia. The location is the third major geography for the firm after it has established its…
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A consortium led by Blackstone (NYSE:BX) has announced that private equity funds managed by Blackstone – together with Canada Pension Plan Investment Board (CPPIB) and GIC – have completed the previously announced partnership transaction with information giant Thomson Reuters (NYSE:TRI) for Thomson Reuters’ Financial & Risk (F&R) business. The Blackstone-led consortium now owns 55 percent…
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Multibank FX aggregation service FXSpotStream has reported figures indicating that September 2018 was its busiest month ever, with FX trading coming in at $31.9 billion in average daily volumes. Previous best ever result at FXSpotStream was June’s $30.4 billion ADV. As there were less trading days in September (20) than August (23), total volumes were actually slightly…
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iM Global Partner and Dolan McEniry Capital Management have announced the launch ofthe iM Dolan McEniry Corporate Bond Fund, a high-quality, value-focused U.S. mutual fund managed for long-term growth and income. The fund, which launched on September 28, 2018, is the second iM Dolan McEniry investment product developed since iM Global Partner acquired a 45%…
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