Interdealer broker TP ICAP (LON:TCAP) has issued a trading update in relation to the period from 1 July to 30 September 2017. Revenue in the third quarter to September 2017 of £420m was 3% higher than the £406m pro forma revenue for the same period last year and 2% higher at constant exchange rates. Year…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today reported that October 2017 average daily volume (ADV) reached 14.9 million contracts, up 14 percent compared with October 2016, but a drop of 12% compared to previous month. CME Group October 2017 options volume averaged 3.6 million contracts per day, up 44 percent versus October 2016, with…
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Forex ECN FastMatch has announced that it has opened a sales office in Greenwich, CT. The company stated that high-quality level of service is one of the differentiating features contributing to FastMatch’s growth and success. In order to maintain this level of service, it is important for FastMatch to be located near its major customers.…
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Cboe Global Markets, Inc. (NASDAQ: CBOE) today announced it has acquired the assets of Silexx Financial Systems, LLC, a Sarasota, Florida-based company that develops and operates an innovative multi-asset order and execution management system (OEMS) that caters to institutional customers throughout the U.S. The acquisition is expected to provide Cboe customers with an additional channel…
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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.25 percentage points, to 0.5%. The…
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After we reported exclusively yesterday about the departure of longtime ETX Capital CEO Andrew Edwards, Copenhagen based multi asset broker Saxo Bank has announced that it has hired Mr. Edwards as the CEO of its FCA regulated UK operation, Saxo Capital Markets UK Ltd. Andrew Edwards effectively replaces the role of Matteo Cassina, who recently resigned as…
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Interdealer broker TP ICAP (LON:TCAP) has announced the appointment of Eric Sinclair as CEO, Information Services. Sinclair will join TP ICAP on 13 November following Frank Desmond’s decision to leave the company after 12 years of service. Eric Sinclair has a wealth of experience across the financial services industry, and spent 14 years at the…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announces markets volumes for the month of October 2017. The company released steady volumes report, except for Spot FX. The Spot FX's average daily volume was down 17% MoM to US$80.6 billion. US Treasury average daily volume was reported with no…
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LeapRate Exclusive... LeapRate has learned that VC-backed Investoo Group, which has grown to become one of the largest affiliates to FX and cryptocurrency brokers, has secured a £7.5 million (USD $10 million) credit line, allowing it to pursue further acquisitions and diversify its business. We expect the company to make a formal announcement shortly. Investoo…
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The Securities and Exchange Commission (SEC) announced that David Glockner, Director of the Chicago Regional Office, is planning to leave the agency later this month. Since late 2013, Mr. Glockner has led a staff of approximately 270 enforcement attorneys, accountants, investigators, and compliance examiners involved in the investigation and prosecution of enforcement actions and the…
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