Institutional Forex

ICAP Sees 10% Drop in Half Year Revenues Amid Lower Volatility

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The multinational broker has cited market conditions and clients’ spending on regulatory matters as culprits for the decline, and now is heavily relying on its TriOptima and EBS units for future revenue growth.
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Colt Launches FX Liquidity Access Service Consolidating Industry Nexuses

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Colt Technologies has launched its new FX Liquidity Access Service, which effectively bridges FX market participants from global hubs such as London, New York, and Tokyo.
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Societe Generale Securities Services Fortifies Broker-Dealer Solutions Suite

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In a bid to target institutional brokers, banks, and broker-dealers, Societe Generale Securities Services (SGSS) has launched a new Global Broker-Dealer Services (BDS) outsourcing solution.
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CME Group Inc Signs Market Data Provision Deal with China Financial Futures Exchange Inc

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Chicago-based CME Group Inc (NASDAQ:CME) issued a company announcement that it has signed a deal with the China Financial Futures Exchange Inc (CFFEX) for market data provision. The agreement will provide customers of CME’s data distribution platform access to the …
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London Metals Exchange Set to Raise Charges as Part of Simplified Fee Schedule

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Expected to come into force on January 1st 2015, the LME’s new fee schedule will raise existing registration and execution fees by an average of 34%. The move is the first of its kind since the LME was bought by HKEx in 2012.
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UBS Announces Settlement Talks Over Forex Rate Manipulation

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Despite admissions that large banks colluded to manipulate FX rates, regulators are taking the view that it was only “conduct breaches” among rogue individuals rather than “deliberate manipulation” of the FX market.
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Hong Kong Monetary Authority Takes Emergency Measures as Anti-Beijing Protest Rocks the Island

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Huge pro democracy demonstrations in Hong Kong force the de-facto central bank of the Chinese financial hub to order commercial banks to shut down branches and activate their business continuity plans.
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KCG Hotspot on Course for a Month of Plenty and a Quarter to Savour

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KCG Hotspot is likely to announce it is transacting ~32% more trading volume compared to August and ~33% higher from September 2013. Forex Magnates reports on the venues’ stellar month with two trading days still to go.
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Bitcoin Picks: Huobi Asset Rumors Swirl, PayPal Embraces Bitcoin for Purchases

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The world of cryptocurrencies faced another interesting and stimulating week, including a Huobi leak of client assets, a potentially watershed discussion of Bitcoin-based derivatives, and other developments.
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Six Banks to Fix Foreign Exchange Fixing Violations Via £1-2 Bln Settlement

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According to a Financial Times report the FCA started settlement negotiations with Barclays, Citigroup, HSBC, JPMorgan Chase, the Royal Bank of Scotland and UBS for foreign exchange fixing manipulation.
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