Category: Forex

February 06, 2020 BY Steffy Bogdanova

Cobalt launches Citi in on its infrastructure for bilateral trading

The London-based fintech, Cobalt, announced yesterday the launch of Citi on its post-trade infrastructure for bilateral flow. Citi has been an investor in the Forex post -trade platform, Cobalt, since 2016. Powered by distributed ledger technology (DLT), its infrastructure creates a standardized record of all Forex trades that could be applied to banks, buyside, prime…

Read more
February 06, 2020 BY Valentina Kirilova

LMAX Group reports record results in 2019

LMAX Group, the independent operator of institutional execution venues for FX and crypto currency trading, reported record profitability and financial performance for the year ended 31 December 2019. 2019 financial highlights include: Gross Revenues of US$59.6m, up 19% from 2018 Gross Profit of US$56.3m, up 27% from 2018 Statutory EBITDA of US$26.2m, up 30% from…

Read more
February 05, 2020 BY Valentina Kirilova

Broadridge names Chris Perry President

Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech company and part of the S&P 500® Index, just announced that it has appointed Chris Perry as President, effective March 2, 2020. Perry currently leads Broadridge’s Global Sales, Marketing and Client Solutions organization, but will now take a stronger role leading Broadridge’s top clients and partners, overseeing…

Read more
February 05, 2020 BY Steffy Bogdanova

GMEX and DPN introduce SECDEX regulated hybrid digital exchange ecosystem

Financial markets solutions provider GMEX Group (GMEX) and financial services firm Digital Partners Network (DPN) announced today the launch of the Seychelles-based Securities, Commodities and Derivatives Exchange (SECDEX). SECDEX is approved by the Seychelles Financial Services Authority (FSA) hybrid (for digital and traditional assets) exchange. The collaboration provides clients with the market infrastructure strengths of…

Read more
forex market crypto news and updates
February 05, 2020 BY Valentina Kirilova

Daily Market News: Tesla posts another huge day

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for February 5, 2020.  After seeing prices slashed by 20% from its 2020 peak, oil has started to put up a bit of a fight on hopes that OPEC may intervene and cut output by 500,000 barrels per…

Read more
February 05, 2020 BY Steffy Bogdanova

CQG partners up with DVeX to reach institutional crypto traders

The US-based financial software provider for traders, brokers, commercial hedgers, and exchanges CQG, announced yesterday its collaboration with the new cryptocurrency exchange DVeX. The new partnership will immediately allow DVeX clients access to CQG’s front-end platforms for trading instruments and analytics. Incorporated by the trading organization DV Trading, DVeX is an institutional cryptocurrency trading platform,…

Read more
CFH Clearing and Noor Capital launch Noor Clearing
February 05, 2020 BY Valentina Kirilova

CFH Clearing and Noor Capital launch Noor Clearing

CFH Clearing, TradeTech Group’s Liquidity Provider and Prime of Prime brokerage, and the UAE-based regulated financial institution Noor Capital have announced that their new strategic partnership is called Noor Clearing and is now open for business. LeapRate reminds that CFH Clearing teamed up with Noor Capital two months ago, announcing that it will focus exclusively on…

Read more
FXSpotStream forex volumes
February 04, 2020 BY Valentina Kirilova

FXSpotStream's ADV up 19% MoM in January

Multibank FX aggregation service FXSpotStream just released its volumes report for the first month of 2020. The ADV figures for January are based on 22 trading days. ADV in January increased 19.11% to USD37.033 billion compared to December 2019. January’s ADV of USD37.033 billion was 9.74% greater than CBOE HotSpot’s ADV of USD33.592 billion – exceeding…

Read more