PEGAS, the pan-European gas trading platform operated by Powernext, announced the introduction of the European Gas Spot Market Index (EGSI)on 5 September responding to the market participants’ needs. The index will cover all liquid gas spot markets operated by PEGAS. Along with the launch of EGSI, PEGAS will also harmonise the use of existing indices…
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CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced the first Japanese non-bank financial institution (NBFI) to join the CLS system via third-party access. Nippon Life Insurance Company, Japan’s leading life insurance company in terms of net profit, is now settling FX transactions in CLS…
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LCH, a global clearing house, announced today that its ForexClear service processed over $1 trillion in notional over the course of August, setting a new monthly record. ForexClear has seen demand for its NDF clearing service significantly increase since the introduction of the uncleared margin rules in September 2016. ForexClear now has 28 clearing members…
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LeapRate has learned that FCA regulated FX liquidity and prime brokerage services provider IS Prime is set to announce results for its Fiscal 2017 year (ended March 31), showing impressive growth and profitability figures. IS Prime will report a nearly threefold increase in Revenues, and a 900% increase in operating profit: Revenues of £16.6 million…
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PFSOFT, the global fintech developer of multi-asset brokerage and trading solutions, just announced that is extending Protrader server’s functionality by adding exchange emulator for execution of local orders. Implementation of this new functionality will allow all PFSOFT’s partners who use Protrader to execute orders locally in accordance to actual depth of market at a volume…
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Multi-asset brokerage Blackwell Global announced today the opening of a new office and the attainment of a new derivative broker licence issued by the Securities and Exchange Commission of Cambodia (SECC). Based in Phnom Penh, the expansion of its forex and brokerage business into the emerging market of Cambodia marks a stronger presence in Asia.…
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The normally slow late summer FX trading weeks seem to have been anything but, at least for some eFX providers. CySEC and FCA regulated broker Exness has reported that forex volumes in its system came in at $274.8 billion in August, 11% above July's $248.4 billion making the month one of Exness' best ever. In fact, August…
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Abu Dhabi based global international financial services firm ADS Securities has just announced the introduction of bitcoin CFD trading for MENA clients using its MT4 platform. Jason Hughes, Global Head of Retail Sales is confident that this is the right time for ADS Securities to introduce cryptocurrency trading: We will be the first brokerage in…
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ASIC regulated Retail Forex broker IC Markets has announced today that it registered a record month for FX trading volumes in August 2017, at USD $343 billion. Some key stats released by IC Markets: August 2017 Volume US$343 billion August Average Daily Volume US$14.9 billion Looks like total volumes were a record, although average daily…
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Uzbekistan's President has signed a decree on the liberalization of monetary policy, allowing its citizens and companies to buy foreign currency without restrictions at a market-set rate from September 5, as reported in Gazeta.uz newspaper. This move would be a potentially decisive step on the path towards full convertibility of the country’s sum currency. That would…
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