Category: Forex

acquisition
October 19, 2018 BY Valentina Kirilova

MUFG Union Bank to acquire Intrepid Investment Bankers

MUFG Union Bank, N.A. has announced it has signed a definitive agreement to acquire Intrepid Investment Bankers, a Los Angeles-based regional middle market investment banking firm. Following the close of the transaction, which is subject to regulatory approval and other customary closing conditions, Intrepid Investment Bankers will operate under its current name as a subsidiary…

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Microsoft announces expansion of blockchain offering on Azure Cloud
October 18, 2018 BY Valentina Kirilova

Appsbroker launches Google Cloud market data platform

Appsbroker, one of Google's European Premier Cloud Partners, has just announced the launch of Appsbroker Cloud Data, the first native Google Cloud market data platform. Appsbroker Cloud Data delivers buy-side and sell-side firms flexibility in accessing market data at a lower cost compared to existing offerings, removing the dependencies on legacy market data infrastructure and…

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Paxos teams up with bitcoin payment service BitPay
October 18, 2018 BY Valentina Kirilova

ITFC and IRTI to develop innovative trade finance solutions

The International Islamic Trade Finance Corporation (ITFC) and the Islamic Research and Training Institute (IRTI), both members of the Islamic Development Bank (IsDB) Group, have signed a memorandum of understanding for collaboration to develop innovative trade finance solutions and enhance human resources for Islamic financial institutions. ITFC is a multilateral trade financing institution established to…

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Stax Inc. teams up with Coleman Research
October 18, 2018 BY Valentina Kirilova

ESMA data analysis values EU derivatives market at €660 trillion

The European Securities and Markets Authority (ESMA) has published its first Annual Statistical Report on the European Union’s (EU) derivatives markets. The Report, based on data submitted under the European Markets and Infrastructure Regulation (EMIR), provides the first comprehensive market-level view of the EU’s derivatives markets which, at 31 December 2017, amounted to €660tn of…

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CLS Group trading volumes
October 18, 2018 BY Valentina Kirilova

CLS Group's trading volumes up 8% MoM in September

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of September 2018. The average daily traded volume submitted to CLS was USD 1.729 trillion up 7.7 percent from USD1.605 trillion in August 2018. Last month the company announced that Chief Executive…

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October 18, 2018 BY Valentina Kirilova

Merrill Lynch's Mitchell Mason appointed ANZ CEO Japan

ANZ has just announced the appointment of Mitchell Mason as CEO Japan, reporting to Farhan Faruqui, Group Executive, International. Mr Mason brings 18 years of banking experience to ANZ, having worked previously at Bank of America Merrill Lynch and Deutsche Bank. Prior to joining ANZ, he was Managing Director, Japan Chief Operating Officer, and Member…

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hkex
October 18, 2018 BY Valentina Kirilova

Solactive opens a new Hong Kong office

German Index provider Solactive AG has just announced that, in addition to the successful establishment of its Toronto office in January 2018, the company has now set up its second international business entity in Hong Kong. The new office houses a dedicated team of professionals who provides customized indexing solutions for ETFs and other index-linked…

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Jin Investment Management launches TORA Rebalancing
October 18, 2018 BY Valentina Kirilova

Jin Investment Management launches TORA Rebalancing tool

TORA, provider of cloud-based order and execution management system (OEMS), has announced the launch of TORA Rebalancing. This new solution is natively integrated within the TORA platform and helps asset managers reduce risk and improve workflow efficiencies around the portfolio rebalance process. TORA Rebalancing helps portfolio managers rebalance the allocation/weightings of a portfolio’s assets in…

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direct fx bankrupt
October 18, 2018 BY LeapRate Staff

ASIC cancels license of bankrupt Retail Forex broker Direct FX

Following our exclusive report from Tuesday that Australian Retail Forex broker Direct FX was placed into liquidation with Deloitte named as administrator, it came as no surprise that today regulator ASIC announced that it was fully canceling Direct FX's AFS license. ASIC had first suspended Direct FX's license back in April. What was somewhat surprising,…

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