Multi-asset execution and order management systems company FlexTrade Systems has announced the launch of a Best Execution Platform website to showcase the company’s new, comprehensive approach to ensuring Best Execution is planned, monitored and proven during the full trading life cycle. Andy Mahoney, Head of Sales at FlexTrade UK Ltd. in London, commented: Our FlexTRADER…
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COMSA raises $9 million in Venture Capital Funds for upcoming Token Crowdsale Tech Bureau, a fintech and cryptocurrency solutions company, announced that leading Japanese VCs vow over $9 million investment in COMSA’s Initial Coin Offering (ICO). COMSA, a complete Initial Coin Offering (ICO) fundraising and cross-chaining platform built on the NEM blockchain protocol, is meant…
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TMX Group Limited (TSX:X) announced executive changes, including new strategic and expanded responsibilities for several members of the company's senior management team. Today marks an important milestone for TMX Group as we continue to position our organization to achieve sustainable, long-term success," said Lou Eccleston, Chief Executive Officer, TMX Group. "Over the past two years,…
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GMEX Technologies, a wholly owned subsidiary of GMEX Group, announced the go-live of the first Derivatives market and fully integrated central counterparty (CCP) clearing house in Vietnam. GMEX Technologies has delivered a state of the art multi-asset, multi-language exchange trading system and market surveillance solution with a real-time clearing and settlement system. The project, which…
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Retail forex broker FXCM, and its parent company Global Brokerage Inc (NASDAQ:GLBR) each posted their most recent results yesterday, with both entities reporting what we consider to be decent performance, especially given the difficult conditions under which the companies have been operating. FXCM posted July FX trading volumes of $197 billion, 12% down from June but…
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SIX Swiss Exchange and Nasdaq, Inc. (Nasdaq:NDAQ) today have announced that Nasdaq, in collaboration with its technology partner Chain, will provide distributed ledger technology (DLT) for a Minimum Viable Product (MVP) for SIX’s OTC structured products business. The solution will integrate with several systems currently managed by SIX and utilize the DLT capabilities at the…
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LeapRate Exclusive... LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group is getting set to make a large marketing push in the UK and Europe. To that end, the company's UK subsidiary Formax Prime Capital (UK) Limited has incurred a 2017 fiscal year (ended March 31) loss of £707,834, on…
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Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) today announced its financial results for the fiscal year 2017 third quarter ended June 30, 2017. The highlights include: Operating Revenues up 13%, to $197.6 million Net Income of $12.7 million EPS of $0.66 Sean M. O'Connor, CEO of INTL FCStone Inc., stated: Despite continued depressed volatility…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of June 2017. In Market Making, KCG averaged $28.7 billion dollar volume traded (same as in previous month of June), 9.1 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.8 million…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that the total amount paid by Forex.com parent company Gain Capital Holdings Inc (NYSE:GCAP) for the US clients of FXCM was $6.96 million. Back in February, the FXCM operating unit of Global Brokerage Inc (NASDAQ:GLBR) was forced into a quick fire-sale of its US operations, after the…
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