The Vienna Stock Exchange (VSE) is opening up a new dimension in electronic trading in Austrian and international stocks today. After having run the exchange for 17 years on the Xetra system, the Vienna Stock Exchange is now going live with the T7 trading system, next generation global trading technology. The system is provided by…
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Thomson Reuters Corp (NYSE:TRI) just announced completed enhancements to its FXall and FX Trading desktops to ensure clients trading on Thomson Reuters Multilateral Trading Facility (MTF) remain fully compliant with the new MiFID II execution requirements for FX derivatives that will take effect in January 2018. The enhancements enable Thomson Reuters to add MTF-support for…
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Calypso Technology, a provider of capital markets and investment management software, announced today that it has acquired a minority stake in Sernova Financial, a provider of cloud-based clearing and post trade services. Powered by the Calypso Cloud platform, Sernova Financial recreates the shared infrastructure and service items of clearing brokers. By reducing the transaction costs…
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CFTC-regulated binary options broker Nadex has given notice that its free trading incentive program will terminate at the close of business on Friday, July 21, 2017. Any account that has not made an initial funding as of 4:15 pm ET on July 21, 2017, will no longer be eligible for the fee-free trading days under the…
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CME Group, the global derivatives exchange, and marketplace, today announced it has cleared two new swap currencies: the Indian Rupee (INR) Overnight Index Swaps (OIS) and Korean Won (KRW) Interest Rate Swaps (IRS). With these two new additional currencies, CME Group now offers 21 clearable OTC IRS currencies. Sean Tully, Senior Managing Director of Financial…
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The Federal Reserve Board yesterday announced that it will fine BNP Paribas S.A. and its U.S. subsidiaries $246 million for the firm's unsafe and unsound practices in the Forex markets. This follows the massive fine at the New York state level in May when the New York Department of Financial Services (NYDFS) fined the bank…
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The Tel-Aviv Stock Exchange (TASE) launched this week, a new index: the Tel Bond-Global, which is based on shekel bonds of foreign companies traded on TASE. Bonds included in this index are traded at a higher yield than bonds included in the Tel Bond-Shekel index, the credit rating of which is identical to that of…
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This latest funding will be used to continue building on Form3’s momentum in the UK and expand services across Europe and North America. Form3, the cloud-based, end-to-end, secure platform for global payments processing, today announced it has secured a strategic investment from Barclays PLC (LON: BARC) the Angel Co-Fund and several individual investors who have…
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Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today. A one-count indictment,…
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Swiss-based Forex broker and banking provider Dukascopy has announced a trimming of its product offering today. The company stated that due to lack of demand, they have decided to cease the Strategy Converter/Connector functionality from the JForex platform. As such, the indicators and strategies automatically converted by the Strategy Converter/Connector will no longer work with the JForex platform and API:…
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