Retail FX brokerage group USGFX set up its UK subsidiary Union Standard International Group Limited in November 2019. The company had applied for and received an FCA license for USGFX UK, which became effective on November 5. In December 2019 ASIC announced that the Federal Court in Sydney issueed asset restraint orders against Corporate Authorised…
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The average daily volume OTC trading was $10.1 billion, registering a 18.8% MoM rise, compared to May when it was $8.5 billion. Futures contracts amounted to 599,991 in June, a 10.4% MoM growth compared to 543,683 last month. Jun-20 May-20 Jun-19 MoM change YoY change Retail Segment OTC Trading Volume $ 222.3 $ 179.3 $…
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His career begun at Natixis Commodity Markets Limited in 1995 and in 1999 became a floor dealer before moving to Natixis Asia Limited as director and head of Metals Asia in Hong Kong. He moved to Newedge Financial Hong Kong Limited in 2012 where he was director and head of metals, establishing a new team…
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What to watch Walgreens Boots: This week, pharmacy retailer Walgreens Boots announced it has reached a deal with a primary care firm to open doctors’ offices in more than 500 drug stores over the next five years, targeting underserved markets. That partnership will likely be one focus for analysts when the company reports its latest…
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Christophe Hémon, CEO, LCH SA, commented: Welcoming the European Invesment Bank as a direct member of LCH SA is a significant moment for us and the fixed income market as a whole. EIB will act as an important liquidity provider for our service and we look forward to continuing to work with them as we…
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The solution will utilize existing bots between the two banks for fast communication to help eliminate market frictions. It can also bring trade remediation closer to the time of execution. As a result, the benefits can also reduce price slippage for clients between the FX leg of a transaction and the equity or fixed-income security…
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Alex Yap, Senior Institutional at CFH stated: “East meets West” can give a whole new meaning to bullion trading. Spot gold in gram and Hong Kong tael quoted in US dollar and local currencies is another CFH product innovation. CFH’s new product offering targets clients trading gold denominated in different currency and unit including RMB…
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EUROPEAN SHARES European stock markets registered a light retreat on Wednesday following a mixed trading session in Asia, while U.S contracts also point to a weaker open as the consolidation continues on riskier assets. These bearish corrections, of limited magnitude so far, are mostly perceived as “healthy” by investors following the strongest rally of the…
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Arnaud Delestienne, Head of Eurobonds at Clearstream, commented: This partnership demonstrates our continuous support for increased interoperability across the European post-trade landscape. Going forward, both LCH and Clearstream clients stand to benefit from operational risk reduction and increased market efficiency. This perfectly aligns with our services as issuer CSD, always offering best-in-class flexibility and investor…
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Alexandra Hachmeister, Head of Market Data + Services at Deutsche Börse explains: Our innovative A7 platform offers market participants nanosecond-precise market data without the burden of their own data warehousing. It provides access to tailored metrics based on full depth order books, market data messages, reference data and other individual sources. Clients can quickly grasp…
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