Tim Geannopulos, Chairman of the Board and CEO of Trading Technologies, said: We’ve been in search of the right strategic partner to help Trading Technologies achieve the tremendous potential of our pioneering new technology platform and accelerate the expansion of the business and product roadmap. Maintaining the firm’s independence will allow us to retain the…
Read more
The company noted that all shares repurchased through the programme will be classified as shares held in treasury and will be taken out from circulation. According to the official announcement, all share purchases will take place in the open market. Liberum Capital Limited was appointed to manage this new programme. The London-listed forex and CFDs…
Read more
Stéphane Boujnah, CEO and Chairman of the Managing Board of Euronext N.V., said: I would like to thank Raffaele Jerusalmi for his significant contribution to the development of the Borsa Italiana Group and for his commitment to the integration of the Borsa Italiana Group within Euronext since the completion of the transaction in April 2021.…
Read more
Jacob Rank-Broadley, Head of LIBOR Transition, Benchmarks & Indices at LSEG, said: As the global financial markets migrate away from LIBOR, the launch of our Tokyo Swap Rate (for swaps referencing TONA) serves as a critical step to facilitate this transition to the new market convention. Now more than ever the industry requires robust and…
Read more
Ed Tilly, Chairman, President and CEO of Cboe Global Markets, said: Our goal with Nanos is to use education to inspire and empower new market participants to pursue a sustainable financial future. We believe Nanos are more appropriately sized for retail traders and enable traders to better express their opinions on market movements at a…
Read more
CME Group Chairman and Chief Executive Officer Terry Duffy, said: We saw robust volume growth in Q3 as clients continued to manage a variety of risks during these times of ongoing economic uncertainty. Average daily volume grew 14% year over year during the quarter, led by double-digit growth in interest rates, energy and options products,…
Read more
TP ICAP noted that the Index will allow counterparties to flexibly create structures with varied payoffs over specific periods of time. These transactions will supply data for the Index to in turn provide a correlation between the global temperature change and financial risk appetite. Nicholas Ernst, Managing Director, Weather Markets, TP ICAP said: The introduction…
Read more
The Group also revealed its own NFT marketplace, to be released in the fourth quarter of the year. The “Non-Fungible-Token” platform allows assets or their ownership structure to be digitally stored on a decentralized database via the blockchain. NFTs are gaining popularity in digital art, sports, and music with estimated trading volume in 2020 of…
Read more
The drop led to considerably fewer new funded accounts and lower revenue in the third quarter of 2021 compared with the second quarter of 2021, according to Robinhood. The California-based online brokerage remained at a loss with pre-tax loss of $1.37 billion. The net loss stood at $1.32 billion, or $2.06 per diluted share. The…
Read more
Shemie commented: Over the years, OANDA has earned a reputation for integrity in the FX community, emerging as an industry leader, widely recognised for its dedication to the success of its clients. I’m looking forward to partnering with the business to help capture new opportunities and fuel company expansion in the future. Additionally, Shemie has…
Read more