After seeing a fairly slow start to the fall trading season, retail forex broker FXCM has posted fairly strong FX trading volume metrics for November. FXCM volumes were $218 billion in November, up 14% from $192 billion in October. Average customer trading volume per day of $9.9 billion in November was also 14% higher than…
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LCH, a leading global clearing house majority owned by London Stock Exchange Group Plc (LON:LSE), has announced that it has extended its SwapClear service to offer clearing of Australian Dollar BBSW vs AONIA overnight basis swaps (AUD BOBs). With SwapClear clearing approximately 85% of the the AUD interest rate derivatives market today, this addition will…
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Quantitative Brokers, an independent global provider of advanced agency algorithms and data-driven analytics to clients in the Futures and US Cash Treasury markets, has appointed Ralf Roth as Chief Executive Officer. The company also named Thomas Ascher as Executive Chairman. Ralf Roth brings a wealth of experience to Quantitative Brokers, recently serving as Equities Division CTO…
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The Bank of Russia and the Seychelles Financial Services Authority signed a Memorandum of Understanding on November 29th, 2017. The key areas of cooperation envisaged in the Memorandum are the following: assistance in detection and combating unlawful use of insider information and market manipulation, supervision and monitoring of compliance with applicable legislation in the financial…
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CloudMargin, the creator of the world's first web-based collateral and margin management solution, announced that Martin Adams has joined the firm's senior leadership team as Head of Client Operations. Adams is a 26-year veteran of derivatives operations, with extensive experience in over-the-counter (OTC) and listed derivatives, as well as fixed income and foreign exchange (FX)…
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The European Energy Exchange (EEX), the European energy exchange, and EQS Group, an international technology provider for investor relations, corporate communications, and compliance, will support future participants in the CO2 market with their reporting obligations pursuant to the EU Market Abuse Regulation (MAR). As of January 3, 2018, the provisions of the Market Abuse Regulation…
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Polish financial supervision authority commission Komisja Nadzoru Finansowego (KNF) issued directives yesterday to the country's brokerage houses regarding dividend policy. The KNF recommended that the dividend in 2018 should only be paid by brokerage houses which meet the following criteria in aggregate: A. dividend in the amount not higher than 75% of the net profit for…
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Copenhagen based multi asset broker Saxo Bank has announced that it has hired Robert Hjorth to take up a newly established position as Head of Strategy, effective from March 1, 2018. In the new role, Robert Hjorth will be driving the strategy planning process and execution to ensure efficient strategy prioritisation and execution across the…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced that Matt Beales has joined the Cboe Europe Sales team to oversee sales efforts for Cboe LIS, the company’s fast-growing block trading platform. Cboe LIS, powered by BIDS technology, set another monthly record with more than €3.3 billion traded in November. Mr. Beales, who will serve as…
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Building on its commitment to deliver a suite of next-generation governance, risk and compliance (GRC) solutions to assist the global financial and corporate communities, Thomson Reuters (NYSE:TRI) announced that it has expanded further its Connected Risk platform to include a Model Risk Management (MRM) solution, allowing institutions to demonstrate a real-time understanding of their model…
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