Multibank FX aggregation service FXSpotStream has just released its volumes report for the month of July. Total volume was $834,219 last month. Average daily volume was $36,270, indicating a 14% MoM drop, yet a rise of 31% YoY. The complete results can be seen below: Month Total Volume* Avg Daily Volume (ADV) ADV Change MoM…
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Leaprate Exclusive... Edgewater Markets, the NFA-registered non-bank FX liquidity provider, has just informed LeapRate that it has welcomed aboard Rick Lloyd as Director of eFX Sales out of its Singapore office. Rick Lloyd brings a wealth of experience in the Foreign Exchange markets space spanning over 30 years of industry expertise working for corporate and…
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Breaking news... Back in May 2018 Japanese Retail FX giant GMO Internet Group took another step in growing its UK and international presence, with the company’s FCA regulated arm Z.com Trade announcing the launch of a new FX and cryptocurrency trading app called Pipster. However, just one year later, the FCA-regulated currency trading platform Pipster…
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International multi-asset broker HotForex has signed a sponsorship agreement with Tio Ellinas once again. This is the fifth collaboration between the broker and the Cypriot car racer Tio Ellinas. This time the young racer will be participating in the Porsche Mobil 1 Supercup race. This partnership is an act of trust and support on behalf…
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Retail forex broker FXCM (NYSE:FXCM) released its execution data for June 2019. The highlights can be seen below. June 2019 all instruments highlights include: 66.6% of orders executed at price 22.0% of orders executed with positive slippage 11.3% of orders executed with negative slippage Average execution speed 33 milliseconds Highlighted Instruments June 2019: More recent…
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The Finance Hive has launched a pioneering research on European FX platform selection, compiled entirely with buy side input. 50 leaders in FX trading - 57% of which work for firms managing over $100bn of assets - have contributed to the research, which uncovered: Integration with OMS systems is overwhelmingly the biggest priority for the…
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UK-based global fintech firm, TigerWit Limited, informed that it has established partner networks delivering support and education in multiple jurisdictions outside of the more established European markets, including within Latin America, Africa, South East Asia and the Middle East. Tim Hughes, CEO at TigerWit commented on the news: By establishing partner networks in other jurisdictions…
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Securities firm and liquidity provider Interactive Brokers has just announced that it will join financial tech provider Tradesocio’s ecosystem of financial institutions and financial technology providers known as Tradesocio Marketplace. Interactive Brokers joins the line of Tradesocio’s liquidity partners, thus allowing financial services providers adopting Tradesocio’s technology to also integrate Interactive Brokers’ liquidity engine, using…
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Clearstream has today completed the acquisition of Ausmaq Limited from National Australia Bank (NAB). LeapRate reminds that the company reached an agreement with NAB to acquire its Sydney-based specialist managed funds services business Ausmaq Limited back in May this year. Clearstream's expansion to the Australian funds market and the future set-up of Ausmaq will be…
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CLS, a market infrastructure group delivering settlement, processing and data solutions, has today launched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. J.P. Morgan and Goldman Sachs are reported to be the first banks to go live on the service. CLSNow enables banks to exchange currency positions with mitigated settlement risk on a…
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