Category: Forex

Acquisition
March 22, 2023 BY Steffy Bogdanova

State Street acquires CF Global and expands outsourced trading

State Street’s Global Head of Portfolio, Dan Morgan, said: Market volatility , margin compression, increased regulation, and cost pressures have presented multiple challenges for investment managers. Survival and growth depend on the ability to streamline processes, reduce costs and integrate infrastructure to allow more focus on core competencies of investment selection and alpha generation. With…

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March 22, 2023 BY Steffy Bogdanova

Crossover Markets kicks off, TMGM provides crypto liquidity

A spokesperson for TMGM said: We are thrilled to be part of this exciting new venture. As a broker that has always been committed to innovation and providing our clients with the best possible trading experience, we see Crossover Markets as a natural extension of our services. We believe we can help our clients achieve…

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Cboe
March 21, 2023 BY Steffy Bogdanova

Cboe BIDS Australia to launch on 27 March

Cboe's acquisition of BIDS Trading, the largest block-trading alternative trading system (ATS) by volume in the US, in 2021, gave the operator of one of the largest derivatives exchanges in the US, Cboe, further access to the expanding world of off-exchange trading. Cboe BIDS has already established subsidiaries in Europe and Canada, with Cboe BIDS…

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FlexTrade hires Rajiv Shah as EMEA Sales Head
March 21, 2023 BY Steffy Bogdanova

Rajiv Shah joins FlexTrade as EMEA Sales Head

Shah's career began in 1993 at Whitehall Systems, and he later moved to Xuber. His most notable experience was his tenure of 19 years at Fidessa, where he started as a Project Manager and advanced through the ranks to become the Managing Director and Head of Sales for EMEA, as indicated on his LinkedIn profile.…

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March 21, 2023 BY Steffy Bogdanova

iS Prime sees £16.2 million pre-tax profit in FY22

In contrast to a comparable 12-month period, iS Prime's end-of-year 2022 results indicate a rise in revenue by £3.5 million, which represents an 11% increase year on year. The company's financial statement remains robust, boasting cash reserves of nearly £37 million. Alex Lowe, Managing Director, iSAM commented: iS Prime’s financials reveal another very successful year,…

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Credit Suisse
March 20, 2023 BY Steffy Bogdanova

UBS-Credit Suisse’s acquisition deal triggers global markets backlash

Regulators elsewhere are attempting to minimize the damage, and the European Banking Authority, The Single Resolution Board, and the ECB Banking Supervision committee issued a joint statement. They said: The resolution framework implementing in the European Union the reforms recommended by the Financial Stability Board after the Great Financial Crisis has established, among others, the…

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March 20, 2023 BY Steffy Bogdanova

CySEC announces withdrawal of ICF membership of three firms

Retail brokerage operator F1Markets withdrew its licence in December last year and it was confirmed by CySEC earlier last month. 1Markets had several brokerage brands under its operation, such as Investous, 24CM, and EuroPrime, but its operations were not without controversy. The company faced multiple compliance lapses and enforcement actions. In August of last year,…

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