Financial technology provider Centroid Solutions has announced that it is expanding into the Australian market. The company which provides a wide array of services in the areas of Risk Management, Connectivity, Aggregation and Regulatory Reporting is expanding to Sydney, Australia. The location is the third major geography for the firm after it has established its…
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Retail forex broker FXCM Group, LLC has just announced that clients trading with Forex Capital Markets Limited (FXCM UK) and FXCM Australia Pty Limited (FXCM AU) can now begin trading the first crypto CFD, Bitcoin (BTC/USD). With a successful launch to FXCM South Africa (PTY) LTD (FXCM ZA) clients and due to client demand, FXCM…
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The Board of Directors of Securities Industry and Financial Markets Association (SIFMA) has just announced it has elected the following principal officers to leadership positions on the Board for 2019: Chair: James R. Allen, Chairman & CEO, Hilliard Lyons Chair-Elect: William C. Caccamise, General Counsel of Global Banking, Global Markets, and International, Bank of America…
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A consortium led by Blackstone (NYSE:BX) has announced that private equity funds managed by Blackstone – together with Canada Pension Plan Investment Board (CPPIB) and GIC – have completed the previously announced partnership transaction with information giant Thomson Reuters (NYSE:TRI) for Thomson Reuters’ Financial & Risk (F&R) business. The Blackstone-led consortium now owns 55 percent…
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Multibank FX aggregation service FXSpotStream has reported figures indicating that September 2018 was its busiest month ever, with FX trading coming in at $31.9 billion in average daily volumes. Previous best ever result at FXSpotStream was June’s $30.4 billion ADV. As there were less trading days in September (20) than August (23), total volumes were actually slightly…
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iM Global Partner and Dolan McEniry Capital Management have announced the launch ofthe iM Dolan McEniry Corporate Bond Fund, a high-quality, value-focused U.S. mutual fund managed for long-term growth and income. The fund, which launched on September 28, 2018, is the second iM Dolan McEniry investment product developed since iM Global Partner acquired a 45%…
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IFC, a member of the World Bank Group, and Demica, a capital financial technology firm, have announced a new partnership that will help unlock as much as $9.8 billion in annual financing for suppliers and distributors in emerging markets—particularly small and medium enterprises. In addition, IFC participated in Demica’s $25 million second round financing that…
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Rebounding somewhat from the normal summer trading volumes slowdown, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a modest 3% increase in average daily volumes during September, $35.8 billion versus $34.9 billion the previous month. Volumes remained however well below where they were during the…
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Following the normal summer slowdown in trading seen at a number of leading institutional FX platforms, Forex ECN FastMatch has reported that September 2018 FX trading volumes were down even further, coming in at $18.6 billion ADV. That is 4% below August's $19.5 billion, and also represents the lowest average-daily-volume figure of any month in 2018 for…
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Looking back, this seems like the week when ESMA's Forex and CFD leverage cap - which ESMA formally extended for a further three months, with minor modifications - really began to make its mark on the online trading industry as a whole. Revenue and earnings misses. Executives departing. CFD brokers being sold. And this is probably…
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