First Sentier Investors integrate with Flowlinx via FlexTrade’s FlexTRADER EMS LeapRate

August 10, 2021 BY Steffy Bogdanova

First Sentier Investors integrate with Flowlinx via FlexTrade’s FlexTRADER EMS

Yan Gloukhovski, Founder of Flowlinx, commented: We are proud to work with First Sentier Investors, a highly regarded specialists in emerging markets equities and are delighted to be part of the FlexTRADER EMS. It’s been a pleasure working with the FlexTrade team, who are so open to innovative third-party solutions benefiting their clients. Our data…

August 05, 2021 BY Alan Sayer

Singapore Exchange posts a FICC revenue rise of 24%

The increase in revenue hasn’t equated to a rise in profits, though. This is due to the SGX increasing its operating expenses. Expenses have increased by around 8%, taking them from $397 million in 2020 to $430.7 million in 2021. This has caused the EBITDA to fall by 5% and the operating profit to fall…

August 02, 2021 BY Alan Sayer

HSBC reports a profit increase of more than 100% for the first half of 2021

This means the pre-tax profit for the first half of 2021 has already eclipsed what HSBC brought in for the whole of 2020. With total pre-tax profit of $8.777 billion for 2020, HSBC feels that it is in a promising position moving towards the second half of 2021. The Group Chief Executive of HSBC, Noel…

July 30, 2021 BY Alan Sayer

Nomura Holdings releases Q1 2021 figures and shows a fall of over ¥100 billion in net revenue

Despite the fall in revenue, Nomura did have some positive showings on its balance sheet. Overall pre-tax expenses for the Q1 2021 period fell from the same period in 2020. There was a fall of 1.5%, which took expenses down to ¥274.7 billion from ¥278.9 billion in 2020. The drop in expenses was not quite…

July 28, 2021 BY Alan Sayer

Crypto trading drives a 457% increase in profit for Monex in Q2

Monex has passed this financial improvement onto shareholders. The basic earnings per share increased by more than 400% in the same period as the previous year. Shareholders have seen a rise from ¥5.57 per share in 2020 compared to ¥28.18 in 2021. Crypto has helped to drive this increase in revenue and profits. The figures…

July 23, 2021 BY Steffy Bogdanova

Singapore Exchange acquires MaxxTrader in a $125 million deal

Manish Kedia, designated Chief Executive Officer, MaxxTrader, said: We share SGX’s FX vision to offer buy-side and sell-side clients a wide range of FX products and liquidity across OTC and futures globally. With SGX’s strong focus and investments in FX, we expect to accelerate innovation and deliver exciting new solutions for both our clients and…

July 22, 2021 BY Steffy Bogdanova

Rohit Verma joins LCH as Head of Asia Pacific

Isabelle Girolami, CEO, LCH Ltd, said: I am delighted to welcome Rohit to LCH to lead our team in Asia. Rohit has extensive experience of the derivatives markets in Asia and across the world. Asia Pacific is a region of strategic growth and importance for LCH and I look forward to working with him and…

July 21, 2021 BY Alan Sayer

Former Trade Wind financial advisor banned for five years by ASIC

Other issues surrounding Trade Wind included the failure to provide audited accounts for both 2019 and 2020. There was also a change in the key people within the AFSL for the company, and Trade Wind didn’t notify ASIC when doing so. This has led to trading licenses for both Bevan and Trade Wind Financial Services…

Edgewater Markets deploys forex trading and pricing engine in Singapore

July 20, 2021 BY Steffy Bogdanova

Edgewater Markets launches forex trading and pricing engine in Singapore

Chief Product Officer of Edgewater Markets, Brian Andreyko, added:. With local SG1 based trading infrastructure, pricing, trading, and order matching, our internal trading foreign exchange volumes will execute with bespoke local connectivity and all of our liquidity consumers and white label trading partners will benefit from better price discovery, lower latency, and improved execution quality.…

July 19, 2021 BY Alan Sayer

Malaysian police go viral as they crush Bitcoin mining rigs

Mining for Bitcoin is not illegal in Malaysia, which is partly why Malaysia is one of the most popular countries for Bitcoin miners. It currently comes into the top 10 mining locations, accounting for over 3% of the total Bitcoin mining in the world. However, bitcoin mining does attract criminals, with most opting to steal…

Tag: APAC