NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announces markets volumes for the month of November 2017. Spot FX results have made quite a plunge with 23% YoY, but the numbers look steady looking at the MoM change. US Treasury's numbers are also down to 156.7 YoY with 27%.…
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Another leg down lies ahead for the USD, but positive momentum is likely to build afterward.
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Exegy Inc., a provider of managed services and technology for low-latency financial market data, announced that it has hired Karl Dundon as a global FX Product Manager, reporting directly to chief technology officer David Taylor. In this role, Mr. Dundon is responsible for leading the ideation, technical development, and launch of new Exegy real-time data…
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LeapRate Exclusive… LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group has gone live with a new website and FX-ECN brokerage service under the moniker Formax Prime, at formaxprime.co.uk. Formax's former UK website formaxmarket.co.uk now also leads directly to the new site. We had exclusively reported during the summer…
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CLS Group (CLS), a market infrastructure delivering settlement, processing and data solutions, today announced that Absa Bank Limited (Absa), the South African based bank owned by Barclays Africa Group (JSE:BGA), has joined as a settlement member. Absa joins 66 other leading banks in becoming a settlement member in CLSSettlement, the payment-versus-payment settlement service for the global foreign…
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Ontario Securities Commission (OSC) Chair Maureen Jensen has announced the appointment of Tim Moseley as a Vice-Chair of the OSC, effective November 29, 2017 for a two year term. Prior to his appointment, Tim served as an OSC Commissioner and as Chair of the Adjudicative Committee. Tim brings a unique set of skills to the…
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Continuing a fairly mixed pattern of results we have seen from other leading institutional FX venues, multibank FX aggregation service FXSpotStream has announced that November trading volumes were very strong, in fact the company's third best ever month as far as trading activity goes. Average daily FX volumes in November were $22.1 billion, up 11%…
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Who is behind a new P2P binary options platform is seeking to raise money in an ICO? Why is XTB liquidating its subsidiary in Turkey? Why did Germany's BaFIN decide it necessary to 'sharpen' the negative client balance rules for CFD brokers? Answers to these questions and more appeared exclusively or first at LeapRate this…
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Dubai based integration company Noor Index Software Solution has announced the release of its Bullion Physical Trading plugin for the MetaTrader 5 platform. The application enables physical trading with delivery and storage facilities for precious metals such as gold and silver. Noor Index specializes in providing customizable financial software solutions tailored to suit diverse financial services industries. The company's…
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Contrary to erroneous reports which have appeared on certain blogs, Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has indicated in regulatory filings that it does indeed plan to carry forward its plans to leave the Turkish Retail FX market,…
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