It certainly looks as if January 2018 is going to be a month to remember for leading institutional and retail FX trading venues. Following our initial trading volume reports for institutional eFX platforms which included record results at GTX, Cboe FX (Hotspot) and FXSpotStream, we begin our coverage of the Retail FX sector with FCA…
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In Forex Industry News this past week… How much did LMAX management pay Paddy Power Betfair PLC (LON:PPB) to buy out the latter's 31% stake in LMAX. And, where did they get the money from? Which FX brokers were awarded financial services licenses in Jordan? Which investors put HK$200 million into Hong Kong based Retail FX…
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Integrated Asset Management Corp. (TSE:IAM) announced the closing on January 30, 2018 of a $8,000,000 senior loan to Blackstone Industrial Services. The capital raised by Blackstone Industrial Services will be used to acquire Nuovo Parts, a specialty Italian parts reseller in North America. Blackstone Industrial Services is a Canadian-based equipment service firm focused on critical…
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Calypso Technology Inc., a provider of cloud-enabled capital markets and investment management software and services, today announced that Steve Tucker has joined Calypso Technology as Chief Sales Officer and member of the Executive Committee. Based in the London office but with global coverage, Steve will oversee all Sales, Marketing, Presales and Sales Operations activity for…
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Derivatives marketplace CME Group (NASDAQ:CME) today announced that January 2018 average daily volume (ADV) reached 19 million contracts, up 18 percent from January 2017, and representing the second-highest monthly ADV ever. During January 2018, there were nine trading days above 20 million contracts, compared with 34 days in all of 2017, and eight in November…
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Continuing the string of strong and record FX trading volumes we've been seeing from leading retail and institutional eFX venues to start off 2018, multibank FX aggregation service FXSpotStream has announced that January FX trading volumes came in at $26.3 billion ADV, making January 2018 FXSpotStream’s best month ever - and by a wide margin.…
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LeapRate Exclusive... LeapRate has learned that Australian Retail FX broker Blueberry Markets has added to its business development team, recruiting Ben Clay, a senior executive from Royal Financial Trading’s Australian operation. He had also spent seven years as a senior sales trader at AxiTrader. Ben Clay joins Dean Hyde and Tim Mansell as the latest high…
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Institutional FX exchange provider LMAX Exchange Group has announced that it has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares) was bought from Paddy Power Betfair for £21.945 million, valuing LMAX Exchange at £70 million. The buyback brings 95% of the company under the control…
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Multi-asset execution and order management systems company FlexTrade today announced the appointment of Paul Alves as Senior Vice President, Global FX Business Development, with a focus on expanding the company’s buy-side trading solutions to asset managers. According to Alves, automation efficiency, execution flexibility and cost conciseness for both the asset manager and their bank partners, are…
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Venzee Technologies Inc.(CVE:VENZ) announced a partnership with BTL Group Ltd (CVE:BTL) that will bring together the Company's data transformation solution, Mesh, with BTL's blockchain development platform, Interbit™. Using artificial intelligence, Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks…
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