Continuing the string of weak volume reports for the month of February from some of the leading institutional eFX trading venues, NEX Group PLC (LON:NXG) has reported that its EBS unit saw volumes drop by 13% MoM, coming in at $80.7 billion ADV. Overall, February was a fairly weak month at NEX Group (formerly known…
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Regulatory reporting services provider Abide Financial has announced that it has applied to become an Approved Publication Arrangement (APA) and Approved Reporting Mechanism (ARM) in order to provide enhanced MiFID II (Market in Financial Instruments Directive) services leading up to enhanced scope enforcement in January 2018. Abide Financial is a unit of NEX Group PLC (LON:NXG). NEX…
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New York and London based fintech startup OpenFin, which has developed the first common operating layer for financial desktop applications, has announced $15 million in Series B funding from some of the world’s leading fintech investors. Participants in this round include Bain Capital Ventures, DRW Venture Capital, J.P. Morgan, the Euclid Opportunities fund of NEX Group…
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NEX Optimisation, a NEX Group PLC (LON:NXG) business which helps clients reduce complexity and optimise resources across the transaction lifecycle, just announced that Per Sjöberg, Chief Executive Officer (CEO) of TriOptima, has decided to leave the business to pursue other ventures. Michael Spencer, CEO of NEX Group plc, said: We thank Per for all of…
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It was a week of change in the political world, and a week of change as well in Forex Industry News at LeapRate. Financings, restructurings, and even a senior Forex executive facing a trial by jury after losing an appeal on taking source code and trade secrets from one company to another. And as usual,…
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LeapRate Exclusive... LeapRate has learned that Viral Tolat, former CTO of FX technology products provider Integral Development Corporation and now CTO of rival EBS BrokerTec, a unit of NEX Group PLC (LON:NXG) (formerly known as ICAP plc), is facing a jury trial for misappropriation of source code taken from Integral to EBS, as well as breach…
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