Just two days after announcing that it had been acquired by Deutsche Boerse's 360T for $100 million, institutional FX platform GTX has reported its best-ever month, setting record trading volumes in May 2018. May’s average daily volume at GTX ECN of $16.8 billion exceeded the previous $16.1 billion record set in February this year. Total…
Read moreFX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…
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It was quite the week in Forex Industry News at LeapRate. Forex broker results, new shareholder in a major FX broker, and a serious order latency issue at Deutsche Boerse unit Eurex unveiled only at LeapRate. Which Retail FX broker saw most of its independent directors resign, while posting a loss? Which FCA regulated FX…
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LeapRate Exclusive... LeapRate has learned from several industry sources that Eurex Group, a unit of Deutsche Boerse AG (FRA:DB1), has been experiencing some serious latency issues in the execution of orders in several of the exchanges which it runs, including its main derivative exchange. Eurex's European Energy Exchange (EEX), Eurex Bonds and Eurex Repo are apparently not…
Read moreAs its merger with the London Stock Exchange continues to inch forward, Deutsche Börse AG published its results for the second quarter of 2016 on Wednesday. Consolidated net revenue rose 10 per cent compared with the same quarter of the previous year, to €600.7 million (Q2 2015: €547.1 million). Besides consolidation effects, the increase was…
Read moreAfter London Stock Exchange shareholders last week gave their nod of approval to the LSE's merger with Frankfurt-based Deutsche Borse, this week's vote by the other side of the transaction might be made a little bit easier. Deutsche Börse AG has announced that it is evaluating lowering the minimum acceptance threshold for the deal, technically…
Read moreAfter yesterday's vote of London Stock Exchange Group shareholders approving the LSEG's merger with Deutsche Borse AG, Deutsche Borse put out the following statement - in part to reiterate the two group's plans of fully proceeding with the merger despite the UK 'Leave' vote in the Brexit referendum. [divide] Statement by Deutsche Börse AG on London…
Read moreFrankfurt-based markets operator Deutsche Börse has announced that its Deutsche Börse Managed Services unit will be providing the IT infrastructure for the trading platform of German private bank Donner & Reuschel. These services enable a seamless connection to the trading platforms Xetra and Eurex. The Managed Services form part of Deutsche Börse’s Infrastructure Services offer, which…
Read moreIn June 2015, LeapRate had stated that U.S. private-equity firm Summit Partners was looking at selling 360T in a potential 600 million euro ($675 million) deal and had hired Jefferies to handle the sale. The agreement by Deutsche Boerse to acquire the firm at 725 million euros outstrips the original estimate
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