Bats Europe, a CBOE Holdings Inc. (NASDAQ: CBOE) company, just announced it has expanded its trade reporting facility, BXTR, to offer a new service that enables buyside firms to meet their trade reporting obligations under MiFID II. The new service, an assisted reporting model, allows buy-side firms to enable their brokers to submit trade reports on…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that March trading volumes in its system increased nicely from what was a fairly quiet February. 2017 started off extremely strong at GTX, with record ECN / SEF volumes of $12.1 billion ADV in January. However trading activity cooled…
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Forex ECN FastMatch is reporting that volumes in its system increased during March by 16% MoM, to average $19.2 billion ADV for the month. That makes March 2017 FastMatch's best ever month for trading volumes, handily topping the company's previous best of $17.1 billion ADV set in November 2016. FastMatch's good results come at…
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Institutional Forex ECN Hotspot FX has reported that March trading volumes increased by 10% MoM over February, clocking in at $29.7 billion average daily volume for the month. That also makes March Hotspot's second-best volumes month over the past year-plus, behind only November 2016's $30.4 billion, which was driven by high market volatility around the…
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FCA-authorised UK Bond Network (UKBN), the alternative finance provider that specialises in structuring and distributing investment opportunities in secured corporate bonds, has launched its Innovative Finance ISA (IFISA) following regulatory approval. UK Bond Network is among the few peer-to-peer platforms to have been approved to date and has partnered with Goji, a specialist builder of P2P…
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BrokerTec, NEX Group (LON:NXG)’s global electronic fixed income trading platform, announced today that following Bank of Italy approval it has completed the transaction to acquire a majority stake in e-MID SIM SpA (e-MID), the first Italian electronic central limit order book (CLOB) platform for interbank deposits and Overnight Indexed Swaps (OIS). The transaction offers BrokerTec…
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LeapRate Exclusive Interview... The issue of transparency and fairness in the FX markets has been a hot one of late, with many institutional and retail players making changes in the way they trade and hedge (and with whom they trade and hedge) as a result. We are pleased to speak today on these topics and…
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Fineqia International Inc. (CNSX:BGO) announced that former managing director at the Indian subsidiary of Copenhagen based multi asset brokerage Saxo Bank A/S Rudra Dalmia has joined its board of advisors. Rudra Dalmia is a seasoned investment professional with more than 15 years experience in private equity, financial services and investment banking across Asia, Europe and the United States.…
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CBOE Holdings, Inc. (NASDAQ: CBOE) just announced that the CBOE Futures Exchange (CFE) will be the first of the CBOE Holdings exchanges to migrate onto the Bats technology platform, with an expected switch-over on Sunday, February 25, 2018. The migration of the C2 and CBOE options exchanges will follow, with those dates to be announced…
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EBS BrokerTec, a NEX Group (LON:NXG) business which provides electronic trading technology and services, announced a new internal structure for its electronic foreign exchange (FX) business, EBS, to allow it to better serve its customers. The new structure which is effective immediately, presents EBS as a service-driven business focused on what customers need, rather than…
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