Category: Institutional

OANDA teams up with Fields Institute to offer tighter spreads to traders
July 24, 2018 BY Valentina Kirilova

Forward rates now available via OANDA’s Exchange Rates API

Online multi-asset trading services and currency data and analytics company OANDA’s trusted Exchange Rates API now offers forward rates to corporate clients around the world. In addition to OANDA’s existing daily averages, real-time (spot) rates, central bank exchange rates and tick-level data that already helps help treasury, risk management and finance departments mitigate currency exposure…

Read more
PayPal research unveils key global shopper insights for merchants
July 23, 2018 BY Valentina Kirilova

PayPal research unveils key global shopper insights for merchants

eBay and online payment giant PayPal has released a survey, unveiling key global shopper insights for merchants. This year, the company surveyed more than 34,000 consumers across 31 countries and asked how and why they shop online both domestically and internationally. At a macro-level, their responses reveal major opportunities: International online shopping continues to increase…

Read more
Sumitomo Mitsui Trust Bank adopts DTCC Alert GC Direct to manage settlement process
July 23, 2018 BY Valentina Kirilova

Sumitomo Mitsui Trust Bank adopts DTCC Alert GC Direct to manage settlement process

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, has  announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow. With GC Direct, SuMi TRUST USA can…

Read more
XTX Markets office
July 23, 2018 BY LeapRate Staff

Market maker XTX Markets sees Revenues of £154M in 2017, £61M profits

Electronic market maker XTX Markets Limited has released its financial results for 2017, indicating significant growth in revenues although profits remained flat. XTX, which is controlled by founder and co-CEO Alex Gerko, reported that Revenues for 2017 rose by 17% from the previous year, £154.6 million (USD$ 203 million) versus £131.9 million. The company earned…

Read more
CLS Group trading volumes
July 19, 2018 BY Valentina Kirilova

CLS reports record traded volumes in H1 2018

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of June 2018. The average daily traded volume submitted to CLS was USD1.899 trillion up 5.9 percent from USD1.793 trillion in May 2018.     Average daily traded volume submitted to…

Read more
New hedge fund Albar Capital chooses FlexTrade’s FlexNOW for equities and futures
July 19, 2018 BY Valentina Kirilova

New hedge fund Albar Capital chooses FlexTrade’s FlexNOW for equities and futures

Multi-asset execution and order management systems company FlexTrade has just announced that Albar Capital Ltd., a new hedge fund led by Javier Velazquez (formerly of Millennium Capital Partners LLP), is now trading equities and futures using FlexNOW, FlexTrade’s new execution management system. The FlexNOW team was instrumental in solving several of our problems,” said Jason Ruder,…

Read more
LCH SwapAgent completes its first trades compression
July 18, 2018 BY Valentina Kirilova

LCH clears first SOFR swaps

LCH, a global clearing house, has announced that it has cleared the first U.S. Dollar interest rate swaps referencing the Secured Overnight Financing Rate (SOFR). Credit Suisse, Goldman Sachs and J.P. Morgan were among the first participants to clear swaps using the new rate. This follows the June 2017 announcement by the Alternative Reference Rates…

Read more
NEX Markets with BME to expand BrokerTec platform's clearing options
July 18, 2018 BY Valentina Kirilova

NEX Markets with BME to expand BrokerTec platform's clearing options

NEX Markets, a NEX (LON:NEX) business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announced today that BrokerTec Europe Limited has signed an agreement with BME Clearing, the Spanish Central Counterparty (CCP) operated by BME, to launch a new clearing option for BrokerTec’s existing clients. The agreement expands…

Read more
acquisition
July 18, 2018 BY Valentina Kirilova

EACS acquires financial data disaster recovery specialist Sentronex

Managed services provider EACS has announced that it has acquired the privately held IT services company Sentronex. Based in London, Sentronex provides high quality disaster recovery and IT managed and professional services to the UK’s City financial organisations. Founded in 2005, this company works specifically with FCA regulated businesses, using its specialist understanding of this…

Read more