Category: Forex

Mark Ellis joins MAP FinTech to lead business expansion and development
October 23, 2020 BY Steffy Bogdanova

Mark Ellis joins MAP FinTech to lead business expansion and development

Ellis will also lead the regulatory reporting support team under the regulatory consultants, Complyport Limited – MAP FinTech’s strategic regulatory compliance partner in the UK. Before his appointment at MAP FinTech, Ellis worked for Citi Group, SwapsWire, the Depository Trust & Clearing Corporation (DTCC), CME/NEX Regulatory Reporting by Abide Financial and Markit. Among his many…

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daily market analysis
October 23, 2020 BY Steffy Bogdanova

Daily market commentary: Stocks edged higher on Friday in Europe

GOLD Gold spot price is consolidating just above the threshold of $1,900. After an unsuccessful attack to $1,930, the price collapsed below $1,900, but buyers were ready to sustain bullion. Prices are moving in a relatively tight lateral trading range between $1,880 and $1,930, while yesterday’s decline was curbed at around $1,894 - well above…

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October 23, 2020 BY Steffy Bogdanova

Breaking News: ACY Securities announces support for ASIC’s product intervention order

Justin Pooni commented: We welcome ASIC’s long-awaited announcement ensuring greater client protection and we support ASIC’s efforts in implementing robust and proportional regulation in the margin and CFD sector. He added: ACY Securities are of the view that measures introduced to improve customer outcomes will also benefit the CFD industry in supporting brokers who already…

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Forex Weekly Look Back
October 23, 2020 BY Steffy Bogdanova

Forex Weekly Look Back: CFI announces full migration to MT5, ATFX launches UPS product offering

CLS, the market infrastructure provider of risk mitigation services to the global FX market, has released its operating metrics for September 2020. The average daily traded volume submitted to CLS was USD 1.785 trillion, up 8.2% from USD1.649 trillion in August 2020. TMX Group Limited announced Moe Kermani and Claude Tessier as the company’s newest additions…

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Banco del Estado de Chile goes live on Edgewater Markets’ new trading platform
October 23, 2020 BY Steffy Bogdanova

Banco del Estado de Chile goes live on Edgewater Markets’ new trading platform

The platform provides Banco del Estado de Chile with customized branded solution for its clients, traders and sales teams, while preserving internal workflows, algorithms and hedging strategies. The fully automated access to Datatec’s onshore marketplace provides Banco del Estado de Chile with real-time hedging for both onshore and offshore trade flows through a fully electronic…

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Collaboration
October 23, 2020 BY Steffy Bogdanova

Finastra and CloudMargin team up to deliver collateral management as a service

Stuart Connolly, CEO of CloudMargin commented: We’re delighted to provide the technology for this critical component of Finastra’s offering. The integration of our collateral management workflow tool into Finastra’s treasury and capital markets solutions creates a strong value proposition to support the full range of needs – from front to back office – of its…

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CLS Group trading volumes
October 22, 2020 BY Steffy Bogdanova

CLS reports steady volumes MoM in September

CLS’s Head of Information Services, Masami Johnstone, commented: Daily traded volumes in September were up sharply (+8.2%) versus the previous month, at USD1.79 trillion. This comprised FX swap volumes of USD1.25 trillion (+5.2%), forward volumes of USD108 billion (+40.3%) and spot volumes of USD427 billion (+11.2%). Compared to September 2019, FX swap volumes were down…

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