May 05, 2016 BY Maria Nikolova

New York DFS authorizes Gemini Trust Company to offer Ether trading

Governor Andrew M. Cuomo today announces that the New York State Department of Financial Services (DFS) has granted authorization Gemini Trust Company, LLC to offer the trading of Ether, an emerging cryptocurrency, on its virtual currency exchange based in New York City. As a limited purpose trust company chartered under New York State Banking Law,…

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May 05, 2016 BY Maria Nikolova

Russia's NSD posts 60% YoY rise in transactions registered with Repository in Q1 2016

Russia's National Settlement Depository (NSD), part of the Moscow Exchange group of companies, has earlier today reported its operating metrics for the first quarter of 2016, with the number of transactions registered with NSD's Repository marking a 60% year-on-year jump. Central Securities Depository’s Services In the first quarter of 2016, the value of assets under…

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May 05, 2016 BY Maria Nikolova

ICAP registers 2% MoM drop in EBS trading volumes in April 2016

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for April 2016, with trading activity on EBS slowing down further last month, following an already subdued March 2016. Average daily volumes at EBS amounted to $82.3 billion in April 2016, down 2%…

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May 05, 2016 BY Maria Nikolova

Moscow Exchange sees 7% MoM drop in Forex ADV in April 2016

Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), the biggest Russian trading venue for currencies, shares and derivatives, has earlier today published its monthly volume metrics for April 2016, with Forex volumes staging a drop in monthly terms, continuing a trend already exhibited in March 2016. MOEX reported monthly FX market turnover of RUB 27.3…

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May 05, 2016 BY Maria Nikolova

GAIN Capital posts 52.7% YoY increase in net income in Q1 2016

Gain Capital Holdings Inc (NYSE:GCAP) has lately been quite active when it comes to financial metrics, especially when it comes to restating them. Following the publication of restated numbers for the first three quarters of 2015 and full year 2015, the online trading services provider today posted some key financials for the first three months of…

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May 05, 2016 BY Maria Nikolova

TriOptima announces completion of first triReduce compression cycle for EUR IRS in Eurex Clearing

Post trade infrastructure provider TriOptima, part of ICAP plc (LON:IAP), today announces that Eurex Clearing members successfully completed the first triReduce compression cycle for cleared euro (EUR) interest rate swaps (IRS). This marks the first collaboration between Eurex Clearing, part of Deutsche Boerse AG (ETR:DB1), and TriOptima. The aim of portfolio compression is to cut…

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May 05, 2016 BY Maria Nikolova

FXCM repays $7.7 million to Leucadia in Q1 2016

Leucadia National Corp. (NYSE:LUK), which extended a $300 million loan to FXCM Inc (NYSE:FXCM) in January 2015, following the “Black Thursday” events associated with the Swiss franc spike, has posted its report for the first quarter of 2016, with the document providing an update on the status of the loan repayment and Leucadia's investment in the…

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