Continuing the string of fairly flat to slightly up trading volumes at leading eFX platforms we've seen for the month of May, multibank FX aggregation service FXSpotStream has reported that volumes on its system were up 2% MoM in April. Average daily volume at FXSpotStream came in at $17.5 billion in April, versus $17.1 billion in…
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Data released today by the Tokyo Financial Exchange indicated that forex trading volumes were down slightly during the month of May in Japan. The TFX indicated that the total trading volume of its FX Daily Futures contracts (Click 365) was 2,220,588, down 1.2% MoM versus April but off 26.2% from last year May. Average daily forex trading…
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Forex ECN FastMatch has some good news for its soon-to-be-new owners, Euronext NV (EPA:ENX). Data from FastMatch indicate that volumes in its system increased by 18% MoM in May, to average $22.5 billion ADV for the month. That makes May 2017 FastMatch’s best ever month for trading volumes, well ahead of March’s $19.2 billion, and the first time…
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Beginning our peek into May 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that May trading volumes increased slightly by just over 1% MoM from April, clocking in at $28.1 billion average daily volume for the month. Hotspot's figures would have been even higher - $29.9 billion,…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that May trading volumes in its system increased slightly from April, although they didn't quite reach the record volumes GTX reported in March. GTX saw total trading volumes of $306.5 billion in May, or $13.3 billion ADV, versus $280.7…
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SIX Swiss Exchange Survey Regulation is overwhelmingly the biggest hurdle traders face, according to a major survey of equity, bond and other product traders in the UK and Europe conducted by SIX Swiss Exchange. An overwhelming 65% of respondents believed increasing regulation, such as MiFID II and FinfraG, would have the biggest impact on their…
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Axioma, a provider of enterprise market risk and portfolio management solutions, and FactSet, a global provider of integrated financial information, analytical applications, have entered into an agreement with Mirova, the second-largest European manager of open-ended SRI funds and Natixis Asset Management, Europe-based asset manager. These two asset managers are Natixis Global Asset Management affiliates, itself…
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Softek, provider of Capital and Credit Management solutions have announced a new partnership with Elinphant LLC, a specialist consulting practice providing governance, risk management and compliance solutions to financial service firms. Elin Cherry, Chief Executive Officer at Elinphant LLC said: Regulatory expectations regarding risk are becoming more stringent. Implementing near real-time monitoring in regard to…
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The Australia and New Zealand Banking Group Limited (ANZ) today announced the appointment of Scott Manning as Chief Financial Officer, Australia reporting to Deputy Group Chief Financial Officer Shane Buggle. Mr Manning joins from JP Morgan where he has held senior finance and analyst roles for the past 15 years and is currently lead Analyst…
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Global commodities broker Marex Spectron has announced the successful syndication of a new $105 million working capital facility, increased in size from the company's previous $65 million facility. The syndication was led by Lloyds Bank, and included the participants in Marex Spectron's previous $65 million facility - Lloyds Bank, Bank Leumi UK and Barclays Bank -…
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