Leading off our reports of FX trading volumes for August by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 10% drop in activity from July volumes - marking the third consecutive month of volumes declines at FastMatch. FX trading volumes at FastMatch averaged $16.2 billion daily in August, as compared to…
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Lukoil PJSC announced that is considering selling its Geneva-based marketing and trading business, a move that would mark a significant pull back in the international presence of Russia’s second-largest oil company. According to Reuters, Lukoil is considering selling its Swiss unit Litasco because new U.S. sanctions on Russia will make it harder for the Geneva-based…
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The Ontario Securities Commission (OSC) has announced today the members of the Investment Funds Products Advisory Committee (IFPAC) for the 2017-2019 term. The IFPAC advises OSC staff on product developments and innovations in the investment funds and structured products industry, and provides feedback on policy and rule-making initiatives. The Committee typically meets four times a…
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Global forex broker Admiral Markets has announced a new advanced feature inside the MetaTrader 4 Supreme Edition trading platform plugin – Market Sentiment Widgets. These widgets will now be available for clients with an Admiral.Markets or Admiral.Prime account using the Supreme Edition plugin. What Are the Major Benefits of Market Sentiment Trading Widgets? These sentiment…
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After experiencing a steady decline for the past 18 months, shares of Hong Kong based Retail FX broker KVB Kunlun Financial Group Ltd (HKG:8077) more than doubled in Thursday trading. KVB shares closed at HK$ 0.82 Thursday, after sitting at just HK$ 0.40 on Wednesday. The big move, up to a new 52-week high for…
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easyMarkets, the premium-service trading platform, today announced the appointment of Jimmy Pan to the position of Head of Sales, Asia Pacific. Based out of Sydney, Pan will work closely with easyMarkets' global and local dealing teams to drive new account and revenue growth throughout the wider APAC region. Jimmy Pan brings over 10 years of…
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ULLINK, the global provider of electronic trading and connectivity solutions to the financial community, today announced it has successfully certified its MiFID II Trade Reporting solution with TRADEcho, the Approved Publication Arrangement (APA) of the London Stock Exchange (LSE) that provides comprehensive pre- and post-trade transparency services. ULLINK’s Trade Reporting solution offers a centralised approach…
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Multinational banking and financial services holding company J.P. Morgan (NYSE:JPM) announced that clears its first NDF trades with LCH ForexClear on behalf of non-member clients since the introduction of uncleared margin rules FX is the latest addition to J.P. Morgan’s OTC clearing offering and highlights its commitment to providing clients a comprehensive platform across all…
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On 24 September, Germany will elect the lower house of its federal parliament (Bundestag). Prior to the election, financial markets will be particularly volatile, in reaction to winner/loser projections and other surveys of voter opinion. Thanks to a new artificial-intelligence (AI) tool from Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN), investors…
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Saxo Bank reports higher profits and client assets as digital transformation gathers momentum ahead of 25 year anniversary milestone Copenhagen based multi-asset broker Saxo Bank has reported a net profit of DKK 229 million for the first six months of 2017, an increase of 45% compared to the first half of 2016. Clients’ collateral deposits…
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