Nasdaq, Inc. (Nasdaq:NDAQ), today announced the addition of Joseph Mecane to the board of directors of the following U.S. exchanges operated by the company: The Nasdaq Stock Market, LLC; Nasdaq PHLX, LLC; Nasdaq BX, Inc.; Nasdaq ISE, LLC; Nasdaq MRX, LLC; and Nasdaq GEMX, LLC. Mr. Mecane was elected on January 17, 2018. Mr. Mecane…
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UK online trading leader IG Group Holdings plc (LON:IGG) has reported its results for the first half of fiscal 2018 (i.e. the six month period ended November 30, 2017), indicating record half-year Revenues for the company. IG Group has a May 31 fiscal year end. Beyond the numbers, IG Group also outlined a number of…
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BNY Mellon has announced plans to address the increasingly complex and capital-constrained FX market by launching a prime brokerage service for its institutional clients. The service will launch in early 2018 and allow participants to more efficiently trade, finance and margin their FX through BNY Mellon, a highly-rated counterparty that oversees more than $33.3 trillion…
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London based global commodities broker Marex Spectron has announced that it has further strengthened its Precious Metals business, with the appointment of Warren Capps, formerly of UBS. Warren Capps, who started in mid-January, was previously at the UBS Investment Bank unit of UBS AG (SWX:UBSN), where he managed the global spot metals team. Prior to…
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Today, STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, introduced the world’s first index that uses AI-related algorithms to select companies exposed to the artificial intelligence (AI) megatrend at the Inside ETFs conference in the U.S. The new index will be available as…
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Motive Partners, an investment firm focused on technology enabled companies that power the financial services industry, today announced the launch of Motive Labs, a membership-only innovation and investment organization that will support the firm's mission to back and build the next generation of financial technology. Motive Partners also announced the founding strategic partners for Motive…
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The Foreign Exchange Professionals Association (FXPA) announced the hire of John Shay as President of the organisation, a newly created role. Additionally, FXPA has hired Mercury Strategies, represented by Justin Slaughter, as its new legal counsel. We are excited to welcome John and Justin to FXPA. They will be involved on a day-to-day basis, leading…
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PEGAS, the pan-European gas trading platform operated by Powernext, jst informed that it has achieved its best trading results in 2017 by reaching a new record with 1,953.9 TWh , improving its previous record (1,733.3 TWh in 2016) by almost 13%. The top volume was still observed on the Dutch TTF delivery area where over…
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Barracuda FX, the specialist provider of FX Order Management technology, today announced the signing of a new contract with Jyske Bank, the major Danish FX trading institution. Jyske Bank embarked on a project in 2017 to streamline their FX operations in order to make them more efficient. A detailed analysis of the Barracuda platform established…
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In Forex Industry News this week... Which Binary Options platform provider in Israel had its offices raided by the FBI? Who was revealed as the $100 million investor in Retail FX broker IronFX? How did ESMA's updated proposals to regulate leveraged CFD trading differ from its initial statement last month? And, what did ESMA have…
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