Executing Venue

In the Land Down Under Equity Trading Costs Are Flying High

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An independent report finds the cost of trading, clearing and settling equities in Australia are the 3rd highest in the world behind Spain and Brazil. Most of the added premium is being attributed to a lack of competition domestically.
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Monex Group Revenues Plunge in All Business Units Since April

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Monex reports across the board declines in most financial and trading metrics since April 2014. Operating Revenue at Monex Inc falls by 22% while Operating Income plummets by over 63%.
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Indian Powerhouse Bombay Stock Exchange Edges Closer to Acquiring Rival USE

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Shareholders at the Bombay Stock Exchange have granted the firm approval to continue its proposed merger with troubled currency trading venue, the United Stock Exchange, the BSE is expected to become the largest FX venue.

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Diversified FX Spot Trading Boosts CLS’s September Volumes

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Earlier in the month it was reported that CLS Bank reached a record high in FX trades sent for settlement in its network during September. Over the period, average daily trades were 1,419,102, with a value of $5.94 trillion. The …
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London Metal Exchange Allies with Chinese Group to Support the Globalisation of RMB

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The London Metal Exchange, a part of Hong Kong Exchanges and Clearing Group, signed a strategic alliance agreement with China Merchants Group to further strengthen its position in the offshore RMB arena.
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Bringing FX Post-Trade Efficiency to Stocks, Traiana Launches Harmony CCP Connect for Equities

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Traiana launches Harmony CCP Connect for Equities and completes first trade, with Credit Suisse, J.P. Morgan, Instinet, LCH.Clearnet and EuroCCP listed by ICAP as initial participants of the network.
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BGC Partners Engages in a Hostile Takeover Attempt of GFI Group Inc

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After the CME Group’s takeover proposal has received continued endorsement by GFI’s board of directors, BGC Partners decided to begin a fully-financed tender offer to buy all of the outstanding common shares of GFI.
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SGX’s RMB Futures Contracts Soar in Debut As Chinese Currency Demand Heightens

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The SGX offering of recently launched Chinese Renminbi (RMB) futures, including both the USD/CNH and CNY/USD, has been met with insatiable demand, helping contribute to swelling volumes in its debut.
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LME Confirmed as New Metals Ringmaster as Market Rigging Fears Take Benchmarking Digital

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With palladium and platinum price ‘fixing’ shifting to the LME in December, is benchmark manipulation likely to be curbed or compounded? Any system or solution is only as good as its wielder.
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Malaysian Exchange, Bursa Malaysia, Sees 5% Increase in Operating Revenue

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Malaysia’s premier securities and derivatives exchange has seen its operating revenues increase on a year on year basis, for the first nine months of the year it saw an increase of 5%.
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