Category: Forex

FlexTrade EMS extends Liquidnet’s Targeted Invitations
July 16, 2020 BY Steffy Bogdanova

FlexTrade EMS gives access to Liquidnet’s Targeted Invitations

Andy Mahoney, Managing Director EMEA at FlexTrade Systems, said: We are very excited to offer this innovative new functionality in partnership with Liquidnet.  While highly targeted, actionable liquidity, with zero information leakage, has been available for some time in our parent order blotter, this really takes it to the next level.  Targeted Invitations contain machine-readable…

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Refinitiv
July 16, 2020 BY Steffy Bogdanova

Refinitiv survey finds Forex spreads and access to liquidity are the ‘biggest challenges’ during the lockdown

Execution methods The survey also covered execution methods and their reliability and concluded that the top choices were Streaming Risk Transfer, chosen by 65% of respondents, and Primary Market Execution, chosen by 24%. Banks were more enthusiastic to trade on the Primary Market because they found it the most reliable mechanism to get their executions…

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Ballinger & Co. adds three directors to its senior team
July 16, 2020 BY Steffy Bogdanova

Greg Bennett and Stephane Carty join Appital as non-executive directors

Stephane Carty has over 23 years of experience in trading and financial derivatives. In 2010 he founded global volatility fund Fir Post Capital and subsequently Blackheath Capital Management. Prior to that the served as a head of European Principal Strategies at Wachovia Securities International. Carty  brings to Appital market structure expertise, insights into operating in…

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Acquisition
July 16, 2020 BY Steffy Bogdanova

Danish Financial Supervisory Authority grants clearance to Euronext to acquire VP Securities

Following the acquisition of the agreed upon shares, Euronext plans to initiate a compulsory acquisition procedure to acquire the remaining shares not already tendered in accordance with the rules of the Danish Companies Act. Earlier this month, Euronext FX reported trading volumes increase by 18% MoM for June. The total cash market reached EUR 244,406.7 in…

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daily market analysis
July 16, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is staging a modest comeback

EUROPEAN SHARES  European shares slid lower on Thursday, mostly in profit taking moves sparked by disappointing Chinese retail sales this morning. Even if trading optimism has recently been boosted by vaccine developments, today’s poor Chinese data underline that market confidence remains feeble and reminded some investors the path to a full recovery may be longer…

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WFE reports 41% of exchanges have initiatives that correspond to the five Sustainability Principles
July 15, 2020 BY Steffy Bogdanova

WFE’s Sustainability Survey reports growing investor demand for ESG disclosure

The key findings of the WFE survey include: Exchanges continue to develop sustainability efforts through the WFE Sustainability Principles. Among the exchanges participating in the survey, 41% had initiatives that correspond to all five Sustainability Principles. Almost 90% of the exchanges saw investor demand for ESG disclosure, of which 29% believed demand to be extensive.…

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FMA warning
July 15, 2020 BY Steffy Bogdanova

StarkMarkets and Libra Markets appear on FMA warning list

The New Zealand watchdog found that Stark Markets appears to not be a registered financial service provider in New Zealand. The British Colummbia Securities Commission of Canada found that the website https://starkmarkets.com and its associated entities are named as “StarkMarkets, operated by SWISSGEMS Ltd. and Krisimark Ltd”. FMA also discovered that Libra Markets is not a registered…

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