Retail FX broker FXCM has announced that its volumes in June were down by 5% month-over-month, $202 billion versus $212 billion in May. We are expecting a (quiet) rebranding of FXCM in the coming weeks. FXCM incorporated the name of its parent company Leucadia into its logo a few months back. However Leucadia recently renamed itself Jefferies Financial…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU). Cboe Europe has filed its application with the Dutch Authority for the…
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FX liquidity and prime brokerage services provider IS Prime has announced that Terry Gill, former Director at Edgewater Markets, has joined IS Prime’s Agency Execution team in a newly created Institutional Sales role. The appointment reflects the firm’s commitment to the growth of its Agency Execution business, having recently announced the addition of NDFs and Forwards…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, has just announced its trading statement for the month of June 2018. Spot FX results were down 5% MoM. US Treasury’s numbers also dropped to 156.6 with 12% MoM. The complete results can be seen in the table below: NEX Markets…
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LMAX Global, the FCA regulated FX brokerage arm of the LMAX Exchange Group, has announced the launch of an MT5 white label solution in partnership with Tools for Brokers (TFB), a leading software provider for FX brokers operating on Metatrader platforms. The partnership creates a market leading and technically robust solution for brokers, who would…
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CLS, a market infrastructure group delivering settlement, processing and data solutions, has announced that its new post-trade monitoring and reporting tool, CLSTradeMonitor, has gone live with the first asset managers, including Mesirow Financial and Mountain Pacific Advisors, LLC. CLSTradeMonitor improves operational efficiency, provides transparency, and reduces operational risk for third parties currently settling in CLS.…
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Multibank FX aggregation service FXSpotStream has just announced that June volumes totaled $637.7 billion - down slightly from May's record $645.4 billion, but still up 8% over May in terms of average daily volumes. FXSpotStream is a bank owned consortium operating as a market utility, providing the infrastructure that facilitates a multibank API and GUI to…
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FCA and CySEC licensed Retail FX broker Exness has reported June FX trading volumes of $308.6 billion - down 22% from May's record $395 billion, but still very strong from a historical perspective. Exness averaged $269 billion in monthly volumes during 2017. Overall in the first half of 2018, Exness saw a total of $2.068 trillion of client…
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LCH, a global clearing house, has announced that J.P. Morgan has gone live as CDSClear’s first US bank to offer client clearing. As a result, Swedish pension fund AMF is now clearing European and US credit default swaps through CDSClear, using J.P. Morgan Securities Plc as its clearing broker. This development is the latest achievement…
Read moreUnder what new names (and website URLs) did ADS Securities and iForex each rebrand? And why? What warning did Australia regulator ASIC make to Forex and Binary Options brokers? Which well-known global Retail FX broker gave up its CySEC CIF license? And why? Which executives joined Stater Global Markets and ADSS? Answers to these questions…
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