LMAX Exchange white paper suggests new blueprint for TCA in the global FX market LeapRate

May 15, 2017 BY LeapRate Staff

LMAX Exchange white paper suggests new blueprint for TCA in the global FX market

LMAX Exchange, the FCA regulated MTF for global FX trading, has issued a white paper several months in the making. LMAX's report is a scathing review regarding the way the institutional global FX market works today, and offers ways to fix things. The LMAX Exchange white paper calls for industry-wide consultation and collaboration to agree consistent TCA…

May 15, 2017 BY Valentina Kirilova

NEX Group releases full-year results, revenue from continuing operations increased by 18% YoY

The financial technology company NEX Group plc (LON:NXG) just announced its audited results for the year ended 31 March 2017. Some of the highlights include: ICAP Global Broking division: sold for £1.3 billion Revenue from continuing operations increased by 18% to £543 million (2015/16: £460 million), an increase of 8% on a constant currency basis…

May 15, 2017 BY LeapRate Staff

FX Executive Moves: Nidal Abdelhadi joins ADS Securities from Advanced Markets as Head of Institutional Sales

LeapRate has learned that experienced Forex industry executive Nidal Abdelhadi has joined Abu Dhabi based FX brokerage house ADS Securities as its new Head of Global Institutional Sales. A native of Jordan, Mr. Abdelhadi began his FX career with Jordanian-owned but Swiss-based MIG Bank, spending 10 years at MIG moving up the ranks from regional…

May 15, 2017 BY Valentina Kirilova

NEX Group adds former Nasdaq CIO and STEM Education advocate Anna Ewing to its board of directors

NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today that Anna Ewing has been appointed to its Board as a non-executive director. She has also been appointed to the Risk Committee. Ewing most recently worked for Nasdaq which she joined in 2000 and spent 15 years with the…

May 13, 2017 BY admin

Seabury Capital and Noble Bank partner for FX clearing distribution

Seabury Global Markets LLC, a subsidiary of Seabury Capital LLC and a provider of FX and precious metals liquidity management and trade execution solutions, announced today that the company has entered into a strategic partnership with Noble Bank International (Noble), a non-fractional reserve bank that enables clients to clear, net and settle OTC products in…

May 12, 2017 BY Valentina Kirilova

KCG releases steady April trade volumes

KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of April 2017. In Market Making, KCG averaged $26.3 billion dollar volume traded (same number as in March), 11.1 billion shares traded, and 3.3 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.5 million U.S. equity…

May 11, 2017 BY admin

NEX Data creates FX margin ratios for the Financial Futures Association of Japan

NEX Data is working in conjunction with NEX Markets to produce new FX margin ratios that are core to meeting new Japanese regulatory requirements NEX Data, a NEX Group business which delivers independent market intelligence and price information for OTC data, announces today that it has been mandated by the Financial Futures Association of Japan…

May 11, 2017 BY Valentina Kirilova

Celer Technologies hires Tradair Rob Wing as Head of Americas and EMEA Sales

Celer Technologies, a provider of Foreign Exchange trading technology solutions to banks, brokers, buy-side, ECNs and trading venues announced that Rob Wing has joined as Head of Americas and EMEA Sales, based in London. Wing joins from Tradair where he was Managing Director Head of Sales for 3 years, sat on the management team and…

May 11, 2017 BY Valentina Kirilova

NEX Data and NEX Markets launch EBS JPY Benchmark

New benchmark ensures accurate and reliable price information for USD/JPY during Japanese trading hours NEX Data, a NEX Group (LON:NXG) business which delivers independent market intelligence and price information for OTC data and NEX Markets, a NEX Group business which provides electronic trading technology and services, just announced the launch of the EBS JPY Benchmark,…

May 11, 2017 BY LeapRate Staff

Exclusive: Anthony Mazzarese jumps from FXCM to Jefferies as SVP FX Prime Brokerage

LeapRate Exclusive... LeapRate has learned that Anthony Mazzarese has made the jump from the FXCM Pro division of Global Brokerage Inc (NASDAQ:GLBR) to investment bank Jefferies LLC, joining Jefferies as SVP FX Prime Brokerage. Mr. Mazzarese rejoined FXCM in 2015 following FXCM's acquisition of CitiFX's mid-market FX margin business. He helped successfully transitioned the CitiFX margin business to FXCM post…

Category: Institutional