LCH, a global clearing house, today announced record volumes across multiple clearing services in 2017. LCH’s equities, fixed income, and OTC derivatives clearing services all surpassed previous years’ clearing activity. Volumes growth across the business has been driven by the roll-out of new products, effects of regulatory change and the onboarding of new customers across…
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TP ICAP plc announced that is has acquired SCS Commodities Corp, an independent energy and commodities broker based in the US. SCS has expertise in crude oil futures, soft commodities, petroleum and refined products, natural gas options and crude oil options. It has 26 brokers who provide clients with continuous coverage of energy markets around…
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After seeing a healthy comeback in trading volumes during November, Retail FX broker FXCM Group has reported that December activity dipped by 22% to $171 billion - the company's slowest month since at least 2015. Average customer trading volume per day came in at $8.6 billion in December 2017, 13% lower than November 2017 (with…
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In the first week for Forex Industry News of 2018... Why did institutional FX player LMAX split its operations into two separate FCA regulated companies? What drove Plus500 to (yet another!) record quarter in Q4? What problems are FX brokers having in managing risk and liquidity from clients increasingly trading cryptos? And, what can be…
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HM Treasury has today announced the appointment of Charles Randell CBE as the new Chair of the Financial Conduct Authority (FCA). Charles Randell is currently an external member of the Prudential Regulation Committee of the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy. Randell will take…
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Traders using at least two major online discount brokerage platforms are complaining of sporadic outages and expressing frustration that the latest glitch has tied their hands amidst a broad plunge in marijuana stocks, Financial Post reported earlier today. Clients of TD Bank’s WebBroker and Royal Bank’s RBC Direct Investing platforms have again taken to social…
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JPMorgan Chase & Co. (NYSE: JPM) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $41.764 per share from $41.834 per share, and the Warrant Share Number will be increased to 1.02 from 1.01, effective…
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Exchange holding company Cboe Global Markets, Inc. (Nasdaq: CBOE) has just reported its December and full-year 2017 trading statistics. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain December and full-year 2017 statistics. Annual Trading Records Set in 2017 Several trading records were set for the…
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Metzler Asset Management GmbH (Metzler) announced today the implementation of a new process for discovering, tracking and valuing research through the selection of Visible Alpha’s ONEaccess Platform. The addition of the ONEaccess Forward Calendar, Resource Tracking and Broker Vote applications enable the company to meet the compliance obligations associated with MiFID II regulations, particularly those…
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AxiomSL, the global provider of regulatory reporting, risk and data management solutions, today announced the appointment of Harry Chopra as Chief Client Officer, effective immediately. In this role, Mr. Chopra will oversee AxiomSL’s global business development efforts, implement go-to-market strategies and build worldwide client-driven growth. Mr. Chopra is a veteran in the space and brings…
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