Following a fairly slow April, FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) saw a healthy uptick in activity in May. Retail FX volumes were up by 9% MoM to $243.3 billion at the company's FOREX.com and City Index brands, or $11.1 billion in average daily volumes. Institutional volumes at GAIN's GTX brand soared by…
Read moreInformation giant Thomson Reuters (TSX / NYSE: TRI) has announced that it plans to buy back up to an additional US$1 billion of its shares under a new repurchase program. The new buyback program is in addition to the US$500 million repurchase program that Thomson Reuters announced in May 2018. Thomson Reuters has repurchased approximately…
Read moreIFC, a member of the World Bank Group, and the Monetary Authority of Singapore (MAS) have announced that they have today signed a Memorandum of Understanding (MOU), agreeing to work together to accelerate the growth of green bond markets in Asia. The MOU marks the start of a closer collaboration between MAS and IFC to…
Read moreTokyo Financial Exchange (TFX) has just announced that the board of directors decided today the following change of President & CEO. The current President & CEO Shozo Ohta has resigned. The name of the new one is Nobuyuki Kinoshita, whose previous position was an Aflac Life Insurance Japan Ltd. Senior Adviser. This change is subject…
Read moreIn a month where some of the world's leading Retail and Institutional FX brokers were setting volume records, Copenhagen based brokerage group Saxo Bank reported its third volume decline in a row. Overall, May 2018 trading volumes came in at a daily average of $17.6 billion at Saxo Bank, down slightly from $17.7 billion in…
Read moreToday's meeting of the Exchange Council of the Frankfurt Stock Exchange has informed the public that it has named Lutz Raettig its honorary chairman. Raettig is being recognised for his outstanding accomplishments to the Frankfurt Stock Exchange and the financial centre of Frankfurt. He has been a member of the Exchange Council since 2001, and…
Read moreThe global fintech company Broadridge Financial Solutions, Inc. (NYSE:BR) has just announced that it has further expanded its global market intelligence business with the acquisition of MackayWilliams, a specialist European fund market and research firm. The acquisition will combine Broadridge’s fund data and analytics solutions with MackayWilliams’ insight into European mutual fund trends, brand perceptions and…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank and Nasdaq, the global provider of trading, clearing, exchange technology, listing, information and public company services, have just announced a cooperation to launch a new digital investment portfolio in the SaxoSelect universe based on Nasdaq Dorsey Wright research. The new portfolio, named Nasdaq DW Global Momentum,…
Read moreB2Broker, a liquidity and technology solutions provider for the crypto and FX brokerage industry, has announced that it has reached a further milestone in its expansion plans with the launch of its new Cyprus office. The new office will house a specialised technical support team aimed at servicing its clients across the European region. Cyprus…
Read moreLondon based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has announced its results for Fiscal 2018 (CMC has a March 31 financial year end), indicating that the company saw steady if unspectacular growth in the second half of Fiscal 2018 (the period of October 2017 through March 2018). Overall, Fiscal 2018 Revenues came…
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