Brokerage technology solutions provider Tools For Brokers has just announced that it has integrated capital adequacy and end of day reports into its flagship product, Brokers Business Intelligence (BBI). Released at the start of this year, BBI is a web-based platform for cross-functional risk management and a business analytic service integrated with both MT4 and…
Read more
Overstock.com, Inc. (NASDAQ:OSTK) and t0.com, Inc. (tZERO) have announced that the companies have both signed term sheets with GSR Capital, a Hong Kong based private equity firm, to invest up to $374.55 million in exchange for common equity in blockchain subsidiary tZERO and common equity in Overstock.com. Overstock and GSR Capital have also entered into…
Read more
Derivatives marketplace CME Group has just announced that it will expand its suite of E-mini S&P Select Sector futures with the addition of a new Communication Services Select Sector futures contract. Pending regulatory review, the new product will be available to trade starting Sept. 10, 2018, alongside CME Group's existing 10 Select Sector futures products.…
Read more
Celer Technologies, a provider of Foreign Exchange trading technology solutions to banks, brokers, buy-side, ECNs and trading venues, has announced a newly formed alliance with White label eSystems (WLES) of India. Head quartered in Mumbai White Label eSystems (WLES) is the formation three industry leaders: Bimal Parekh from Sunidhi, Gautam Ashra of Kanji Pitamber and…
Read more
The companies team up to support the Colombian market Calypso Technology Inc., a provider of cross-asset front-to-back technology solutions for financial markets, has just announced that it has signed a partnership agreement with Colombian consulting and implementation firm Topa & Asociados. The new collaboration provides a comprehensive Global Capital Markets trading solution, localized and adapted…
Read more
Paxos, a financial technology company and the first blockchain-powered trust announced that INTL FCStone Inc.'s (NASDAQ: INTL) London-based subsidiary, INTL FCStone Ltd's Precious Metals Division, has just announced that it is now using Paxos Confirmation Service, a tool built specifically for the post-trade needs of the precious metals market. The new technology automates trade confirmations,…
Read more
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 July 2018. The average daily traded volume submitted to CLS was 638 trillion, down 13.7% from USD1.899 trillion in June 2018. Average daily traded volume submitted to CLS by product…
Read more
TP ICAP plc has announced its results for the six months ended 30 June 2018. Business highlights Solid performance achieved from our diversified business portfolio Revenues of £910m, 2% lower than H1 2017 at actual exchange rates and 3% higher at constant exchange rates Strong performance in Global Broking's Rates and Equities businesses, with revenues…
Read more
AxiomSL, the provider of regulatory reporting and risk management solutions, has today announced that Bank of China has decided to extend its use of AxiomSL’s strategic platform to meet AnaCredit reporting requirements in France. AxiomSL will support the bank’s objective to automate the complex process of AnaCredit reporting and ensure submission in a timely and…
Read more
Barclays Plc (NYSE: BCS) has today announced that it is partnering with fintech business MarketInvoice, Europe’s largest online invoice financing platform, in a deal that is set to transform the way small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth. The bank has committed to a significant minority stake in…
Read more