Category: Forex

December 07, 2021 BY Steffy Bogdanova

State Street, Vanguard and Symbiont team up to accelerate using DLT technology in FX forward trading

Nadine Chakar, head of State Street Digital, said: State Street Digital is incredibly pleased to have collaborated with both Vanguard and Symbiont on this monumental industry initiative to digitize the margining process around collateralized foreign exchange forward contracts that will reduce our customers operational challenges through process automation and state of the art technologies. Our…

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Saxo Bank
December 06, 2021 BY Steffy Bogdanova

Saxo Bank’s FX volumes fall 12% MoM in November

The daily average volume with forex trading in November was $4.5 billion, down 11.8% MoM and 19.6% YoY. The total monthly trading volume with equities dropped to $156.2 billion in November 2021, 9.9% from October’s 173.4.  The numbers were 42% up from November 2020, however. In November, commodities monthly volumes came in at $30.1 billion…

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Broadridge appoints Dipti Kachru as Global Chief Marketing Officer
December 06, 2021 BY Steffy Bogdanova

Broadridge appoints Dipti Kachru as Global Chief Marketing Officer

Most recently, Kachru served at JPMorgan Chase as Chief Marketing Officer for the Wealth Management division. She was responsible for launching the J.P. Morgan Wealth Management brand and building an industry-leading client acquisition engine that delivered significant business growth. Chris Perry, President of Broadridge, said: Dipti is a modern, client-centric marketer with significant experience in…

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December 06, 2021 BY Steffy Bogdanova

Saxo Markets announces bundled pricing plans in Singapore

The elements that go into each bundle plan are hand-picked by pricing and product, based on Saxo’s insights from real clients. The most popular Gold bundle also reflects that - the research and insights from real clients indicate that most people find this the most accessible and efficient package to meet their investing needs. Adam…

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Acquisition
December 06, 2021 BY Steffy Bogdanova

LSEG to acquire Quantile Group in a £274 million deal

The Group noted that Quantile's services will be available on an Open Access basis that will continue to offer customers the choice of where to clear, compress and optimise their trading activity. LSEG added that Quantile will preserve its independence within LSEG's Post Trade division and report to Daniel Maguire, LSEG's Group Head of Post…

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December 03, 2021 BY Steffy Bogdanova

24 Exchange raises $14 million in a funding round led by Point72 Ventures

Dmitri Galinov, CEO and Founder of 24 Exchange, said: In the company's first 24 months, we've successfully delivered an over-the-counter FX trading solution to clients that offers significantly reduced costs and improved functionality. We look forward to putting this additional operating capital to work to further expand our offerings beyond FX Non-Deliverable Forward (NDF) trading,…

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