BNZ (Bank of New Zealand) one of New Zealand's largest banks announced today that it has become a Direct Clearing Member of LCH’s SwapClear interest rate swap clearing service – and has successfully cleared its first trade as a direct member. BNZ Head of Markets, Graeme Liddell said: Being the first New Zealand member of…
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Singapore-based Hedge Fund becomes early adopter of ULLINK’s new portfolio and performance management tool ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced the successful go-live of Village Capital with ULLINK’s new post-trade solution, XTRAIN. The solution extends Village Capital’s use of ULLINK’s buy-side Execution Management System (EMS), XILIX,…
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John Griffith-Jones, Chairman of UK financial regulator the Financial Conduct Authority (FCA) as well as of the spun-out payment systems regulator the Payment Systems Regulator (PSR), has announced that he will leave both organisations at the end of his term of office, on March 31, 2018. No replacement for Mr. Griffith-Jones has yet been named. HM Treasury…
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It was very much a week of new beginnings in Forex Industry News, with the key stories appearing exclusively at LeapRate: Betfred into getting the Retail FX business by launching TradeFred, FxPro launching spread betting, and Saxo Bank expanding its Australia footprint in a deal with leading online equities broker OpenMarkets. See below for more…
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U.K. financial services firms will definitely not be able to carry on business as normal within the European Union (EU) after it leaves the bloc, according to Luc Frieden, who has held several portfolios within the Luxembourg cabinet over the past few decades. In an interview for CNBC on Friday in Luxembourg, Luc Frieden commented:…
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The Securities and Exchange Commission (SEC) announced that Keith E. Cassidy has been named Associate Director, Technology Controls Program, in the Office of Compliance Inspections and Examinations (OCIE). Mr. Cassidy began his career at the SEC as an Attorney Advisor in the Office of Legislative and Intergovernmental Affairs in 2010 before being promoted to Deputy…
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Continuing a fairly strong month for volumes we have been seeing from leading retail and institutional eFX industry trading venues, CySEC and FCA regulated broker Exness has reported that forex volumes in its system increased by 8% in May, coming in at $253.1 billion. While as noted that is a nice increase over April, it…
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CME Group Inc (NASDAQ: CME) the leading and most diverse derivatives marketplace, today announced it reached an all-time open interest record of 129 million contracts on June 14, 2017, surpassing the previous open interest record of 125.7 million contracts reached on May 11, 2017. June 14 also represented the highest-volume trading day in 2017 to…
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Announced this week, we learned that clients of OANDA, the global forex brokerage provider can now trade directly from the TradingView website utilizing their innovative charts. TradingView is a social network for traders and investors. Under the agreement, clients can deploy TradingView's customisable charts and technical analysis, while continuing to access OANDA's execution engine, risk…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of May 2017. The average daily traded volume submitted to CLS was USD1.55 trillion up 2.0% from USD1.52 trillion in April 2017. May 2016 April 2017 May 2017 Average daily traded volume…
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