Now is a great time to see the aftermath of the damage being brought to FXCM in the wake of the ruling in which the US Commodity Futures Trading Commission (CFTC) banned FXCM Inc (NASDAQ:FXCM) from its home US market, as well as a permanent registration ban for CEO Drew Niv. Today the stock is tanking by…
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ChartIQ, the US-based charting and white label platform provider, continues to gain traction in the capital market space with its recent strategic partnership with financial giant, Fidessa Group plc (LON: FDSA). Together, ChartIQ and Fidessa have will bring a front-end interface to the Fidessa institutional trading desktop, available to 85% of the world’s largest financial…
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The latest CFTC data from US retail forex brokers is out for December 2016 from reports filed by January 26th, 2017. The data showed a minor rise in assets held by US retail forex traders to $525 million, a 0.3% rise from November's $523 million (see chart above). Continuing to lead the way in December was…
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Worldline (Euronext: WLN), through its equensWorldline subsidiary specialized in financial processing, and the Santander (NYSE: SOV-C) Consumer Bank S.A. in Poland, extend their partnership for new services. equensWorldline processes the Visa credit cards of the Santander Consumer Bank in Poland. The contract covers, amongst others, the co-branding cards of European consumer electronics chains. The contract…
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XTX Markets, a global electronic trading firm providing liquidity in equity, derivatives, FX and commodity markets, announced that it has released ‘XTX-ray’, a liquidity analysis tool that allows market participants to evaluate the quality of their Spot FX execution. XTX-ray allows users to explore crucial measures of liquidity, shining a light onto ‘hidden’ costs with…
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The Japan Exchange Group today has taken a minority stake in OpenGamma, a leading provider of derivatives risk analytics. The JPX investment follows an earlier $13.3 million round of institutional investment in October 2016, which included Accel Partners, NEX (formerly known as ICAP), Euclid Opportunities and ex-SunGard CEO Cristóbal Conde. This fundraising positions OpenGamma for…
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Chatham Financial, a global provider of debt and derivatives solutions, has today unveiled a new suite of FX and International Payments (FXIP) services within its Financial Institutions practice. Designed to assist community and regional financial institutions (FIs) in assessing needs, minimizing costs, and optimizing processes, the new FXIP services are the latest offering in Chatham…
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Lightspeed Institutional, a division of Lightspeed Trading LLC, is broadening its offering to institutional traders by launching a new prime brokerage division. As part of this launch, Lightspeed has added senior staff to help meet the unique needs of its small to mid-size hedge fund clients. Lightspeed Trading has specialized in serving the active trading community…
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ZuluTrade, a social trading platform company today announced to users its new website. ZuluTrade was a pioneer social copy-trading by combining trading signals with algorithmic performance ranking, to create real-time actionable trades. ZuluTrade since last year has released Social Charts and Automated Trades, working closely with customers to add Social Tab, a feature that allows…
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SpotOption, the leading binary options platform provider, today announced some of their latest developments, which include statistical tools that allow the traders to better predict market movements and establish trading strategies. SpotOption provides brokerages with a full technology solution for simplified derivative trading, and the latest momentum indicators for technical analysis serve as an important…
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