In the US, the government took emergency steps to give banks more funding to weather the crisis. On Wednesday, however, the focus shifted to Europe, where Credit Swisse falling shares took down the European banking index. Credit Suisse is the first major global bank to receive such an emergency lifeline since the financial crisis in…
Read more
The trading and settlement arrangements and start date for HKEX shares in RMB, under the HKD-RMB Dual Counter Model, will be announced at a later date. HKEX has recently introduced a new HKD-RMB Dual Counter Model in the securities market and a Dual Counter Market Making Programme to enhance liquidity for RMB Counters and reduce…
Read more
According to securities filings, Mr Becker, SVB’s Chief Executive, and Mr Beck, the Chief Financial Officer, sold shares the week before the bank’s collapse. Becker sold $2.3 million worth of shares and Beck sold more than $575,000 worth of shares, which amounts to one third of his holdings in the company. SEC Chair Gary Gensler…
Read more
The official announcement, released today, detailed that CQG has completed a FIX connection with Broadridge, which facilitates the direct transfer of order flow from CQG to Broadridge's infrastructure for routing to its network of exchanges and liquidity providers. The ongoing development aims to achieve a seamless workflow between the two systems, enabling customers to view…
Read more
Noel Quinn, the CEO of HSBC Group, commented: This acquisition makes excellent strategic sense for our business in the UK. It strengthens our commercial banking franchise and enhances our ability to serve innovative and fast-growing firms, including in the technology and life-science sectors, in the UK and internationally. The UK Financial Conduct Authority issued a…
Read more
These operations are essential components of Nomura's core Wholesale activities, which represent the primary emphasis of the company's international operations. Nomura maintains its dedication to serving its institutional, corporate, and high-net-worth customers in Thailand. Kenji Teshima, Representative Director, Nomura Asia Pacific Holdings, said when the deal was initially revealed on 30 June 2022: We are…
Read more
Christen Harvey, VP Strategic Partnerships of TT, said: Our alliance with Bantix is the latest strategic partnership we've forged with a best-in-breed provider of technology that improves our clients' trading experience, allowing us to enhance the TT ecosystem with battle-tested tools that would have taken years to develop ourselves. In the first phase of integration,…
Read more
Boursa Kuwait CEO Mohammad Saud Al-Osaimi highlighted Boursa Kuwait’s goal to increase the stock exchange ’s investor base and provide access to the Kuwaiti capital market. Mohammad Saud Al-Osaimi said: The partnership with TradingView will contribute to the realization of some of the core tenets of our strategy. Boursa Kuwait seeks to increase the investor…
Read more
Centroid can now offer its clients an enhanced, end-to-end solution for pricing and trading exchange traded products powered by Iress’s ConsolidatedFEED API data solution. Iress’s API data and trading solutions have been fully integrated into Centroid’s connectivity engine, Centroid Bridge, a Liquidity Management and Order Execution Engine. Iress’ Managing Director - Continental Europe, Lionel Sancenot,…
Read more
Ryan Rabin, Vice President of Banking & Payment Solutions at ATB Financial said: We were looking for a vendor with a strong reputation, an understanding of FX distribution and trading, as well as the technology to support it. smartTrade was able to provide a true end-to-end solution, including connectivity to liquidity providers and support teams…
Read more