CQG licenses Blue Trading Systems (BTS) assets to offer clients suite of custom algorithms and low-latency spreads routing LeapRate

June 11, 2020 BY Steffy Bogdanova

CQG licenses Blue Trading Systems (BTS) assets to offer clients suite of custom algorithms and low-latency spreads routing

When the integration is complete, CQG’s customers will be able to choose whether to turn on faster routing in some markets and standard order routing in others. The simulation and back-testing tools will allow users to test strategies in as near real-market conditions. They can then leverage transaction cost analysis (TCA) features to review performance,…

June 11, 2020 BY Steffy Bogdanova

CMC markets reports 93% growth in operating income

Peter Cruddas, Chief Executive Officer said: During these extraordinarily difficult times, I would like to take the opportunity to convey my sympathies to everyone who has been impacted by the COVID-19 pandemic. I am extremely proud of the resilience and dedication shown by all of my colleagues at CMC, who are contributing to ensuring that…

June 11, 2020 BY Steffy Bogdanova

Goldman Sachs, CLS and IHS Markit team up for a cross-currency swaps service

Richard Chambers, global head of Short Macro Trading at Goldman Sachs said: Becoming a participant of the cross-currency swap service provided by CLS and IHS Markit helps us to further mitigate settlement risk, and we expect to see further operational and funding efficiency benefits as more counterparties join the service. Keith Tippell, Head of Product,…

June 11, 2020 BY Valentina Kirilova

Daily Market News: Fed not expecting to raise rates until end of 2022

OECD says UK will be hardest hit major economy Following a sharp sell-off yesterday, London-listed stock indices continued falling on Wednesday after the OECD warned that the UK is likely to be the major economy hardest hit by the pandemic. The OECD anticipates the UK economy will sink by 11.5% in 2020, worse than contractions…

June 11, 2020 BY Steffy Bogdanova

Online broker Doo Prime obtains Mauritius FSC license

The retail FX brokerage firm Doo Prime is a wholly owned subsidiary of Hong Kong-based fintech firm Doo Holding Group. The Group’s other subsidiary, Doo Prime Vanuatu Limited is regulated by the Vanuatu Financial Service Commission (VFSC). The fintech also operates Doo Clearing Limited, which is licensed by the UK’s Financial Conduct Authority (FCA) to…

June 11, 2020 BY Valentina Kirilova

Exclusive: ATFX reports 41% growth in Q1 trading volumes owed in part to Covid-19 volatility

ATFX also increased its offerings by launching new products, including Gold and natural gas futures, as well as 3M (MMM), the U.S. stock CFD. The COO of ATFX Group, Jeffrey Siu, commented on the news: The positive results we registered in Q1 were driven partly by increased volatility in the global financial markets. The state…

June 11, 2020 BY Steffy Bogdanova

Swiss cantonal bank BCV launches white-labelling services based on smartTrade’s LFX interface

Eric Vauthey, Head of Trading at BCV said: smartTrade’s follow-up on this project was great and allowed us to launch this new service in a timely manner. Deploying this solution to our customers was seamless as it is the same environment as the one we use. Our first client, The Banque Cantonale Neuchâteloise is live,…

June 10, 2020 BY Steffy Bogdanova

LMAX Group enables clients to trade outside of market hours with a new Weekend FX service

David Mercer, CEO of LMAX Group, commented: The last few months have reinforced the common understanding that volatility doesn’t stop on a Friday night and risk events have now extended beyond the working week. As a result, the current trading session doesn’t reflect market participants’ increasing need to access FX liquidity 24/7 in order to…

June 10, 2020 BY Steffy Bogdanova

CMC Markets’ professional Prime Derivatives platform launches in Australia

Andrew Wood added: There has been unprecedented market activity this year across global markets driven by the Coronavirus pandemic, and with that comes opportunities, in particular for intra-day traders. Our new platform opens up a range of popular products and trading features for partners and their clients in times of volatility including short-selling and hedging.…

June 10, 2020 BY Steffy Bogdanova

BidFX updates mobile app to improve remote trading

Alan Dweck, Chief Operating Officer at BidFX, commented: This unprecedented health crisis is splitting office and remote working. As some of the worlds largest financial institutions adjust their working practices to fit this new enviroment, it is imperative FX technology keeps apace. This latest version of our app provides traders with the full desktop FX…

Category: Forex