“While the loss of market share appears small, 2 percentage points in a market with turnover measured in the hundreds of trillions is a big deal,” Greenwich consultant Woody Canaday said.
Read moreBuyside firms meeting other buyside firms on the other side of spot FX trades within bank-to-bank trading venues dramatically increases since 2008...
Read moreBGC Partners, Inc. (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets, today announced the appointment of Eric T. Hirschhorn to the role of Chief Information Officer (“CIO”), reporting to Shaun D. Lynn, President of BGC, effective immediately. Mr. Hirschhorn comes to BGC from Bank of America Merrill Lynch, where he has held various key positions leading global teams across…
Read moreFXone/Seabury Financial Solutions officially reported last week it is introducing comprehensive Execution Algorithms and Transaction Cost Analysis (TCA) to its liquidity management platform to deliver an enhanced product suite for institutional FX e-trading. This news was introducing amid appointing e-Trading executive Michael Bundy as Chief Technology Officer & Chief Architect last month. To spearhead this…
Read moreColt today announces the availability of its FX Liquidity Access service, connecting market participants to the London, New York and Tokyo FX markets. The service - which includes low latency connectivity and proximity hosting - simplifies access to the global FX markets, enabling customers to access single and multi-bank platforms 24x7. “As customers increasingly look…
Read moreSwissquote is extending its range on the over-the-counter trading platform Swiss DOTS which stands for Swiss Derivatives OTC. Commerzbank is now the third issuer. In the medium term an extra of about 20,000 leveraged products will be issued by Commerzbank AG, joining the existing range of the two founding partners, UBS and Goldman Sachs. Swiss…
Read moreIG Group (LON:IGG) has an update on its new stock broking platform which was launched a couple of weeks ago. The company states that it's new web-based platform now offers a Market Screener, enabling traders and investors to filter a list of stocks by key metrics such as share price, market cap, dividend yield and…
Read moreBloomberg is reporting that popular Copenhagen-based global brokerage Saxo Bank A/S is exploring several options to generate cash, including an initial public offering, as it prepares for TPG Capital to sell its stake, Chief Financial Officer Steen Blaafalk said. Saxo, which said this month it plans to add Saudi, Egyptian and Qatari equities to the…
Read moreSeabury subsidiary FXone targets to lead global FX trading technology with new hire
Read moreAs commodities desks within large banks shrink, the use of high technology has driven a trend toward integrating interbank gold trading with FX desks Just how compatible is the long-established world of physical commodities with the highly liquid FX business? According to a report today by Reuters, a necessity has arisen within interbank gold dealing…
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