Multibank FX aggregation service FXSpotStream has released its volumes report for the month of September. Total volume was $784,236 and average daily volume was $37,345 last month. ADV dropped with 13% MoM, but was up 17.1% YoY, considering the 21 trading days last month. LeapRate reminds that FXSpotStream's August ADV reached a new record of…
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Argentex Group PLC, the recently listed foreign exchange services provider, has issued a Trading Update for the first half of the financial year ending 30 September 2019. The company has generated revenues of £9.3 million from 25 June 2019 to 30 September 2019, the period since the Group’s admission to the AIM market of the…
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Equiti Group, the parent company of Equiti Capital UK and EGM Futures, has just announced that it has added Benedict Sears to its institutional team as its new Institutional Liquidity Manager. Prior to joining Equiti, Sears has worked for companies such as XTX and Makor Securities. Commenting on the appointment, Hormoz Faryar, Global Head of…
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ACB Investment (ACB), the newly launched global marketplace, announced that it has just changed its fee policy. Instead of a $15 fee per one-lot position, the service will now charge $10. CFDs will continue to have no fees. We believe that the new commission rate will have a very positive effect on small lot size…
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Advanced Markets Group has announced that it has teamed up with Centroid Solutions. Centroid Solutions is a technology provider specializing in advanced risk management, analytics, quant-based execution technology, connectivity and regulatory reporting, servicing the global FX market. The partnership aims to further extend the reach of both companies “best in breed” offerings allowing FX market…
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Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) has today provided the market with another update relating to the sale of its shareholding in MarketFinancials Limited (MF). The Company has agreed to extend the completion date of the conditional Share Purchase Agreement to sell its entire holdings in MF, a non-core loss-making asset, for €100,000…
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Marex Solutions has just announced that it has launchеd its US OTC hedging entity, Marex Spectron USA, LLC. The company has named Scott Shellady Head of US Agricultural Commodity Sales. Marex Solutions is the OTC derivatives arm of the commodity broker Marex Spectron and is live since 2017. Prior to Marex Solutions, Shellady worked for…
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LCH, a global clearing house, has announced earlier this week that it is going to be the first clearing house to integrate with FX Connect TradeNeXus. TradeNeXus is State Street’s FX trading platform that provides exception based automated matching, trade and settlement confirmation enrichment and third party messaging. The new link provides users of TradeNeXus…
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Deutsche Bank and BNP Paribas reached a master transaction agreement yesterday. According to Reuters, the transaction happens in order to assure service continuity to Deutsche’s global prime finance and electronic equities clients. Deutsche Bank said in a statement on Monday that it will continue to operate the platform until clients can be migrated to BNP…
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National Australian Bank (NAB), Australia’s leading bank for businesses in the region, and multi-asset, end-to-end trading solutions company, smartTrade Technologies, have just announced that they have extended their ongoing relationship. NAB FX business is powered by LiquidityFX, smartTrade’s flexible end-to-end trading platform. LiquidityFX was selected in 2014 as a market connectivity solution for NAB, offering…
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