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Upcoming Webinar: Trade the Middle East & North Africa: Connectivity, Data Systems & Processes
Date: 6 November 2024 Time: 11am London / 1pm Egypt / 2pm Saudi Arabia / 3pm United Arab Emirates / 12pm CET Duration: 50 minutes In Partnership With As key states across the region seek alternatives to the fossil fuel industries that have driven their economies for decades, pioneering financial centres are emerging in Egypt,…
TS Imagine Completes Acquisition of PrimeOne
TS Imagine, the global provider of trading, portfolio, and risk management solutions, has now completed its acquisition of PrimeOne, specialists in operational risk management for the prime brokerage sector. The combined entity will operate under the TS Imagine brand, maintaining its global headquarters in New York. TS Imagine provides a SaaS platform offering integrated front-office…
OTP Group Selects Integral’s Cloud Technology for Enhanced Global FX Trading Operations
OTP Group, one of the leading banking groups in the Central and Eastern European region, has selected technology from currency technology provider Integral, to upgrade its FX trading infrastructure. By implementing Integral’s advanced liquidity aggregation, pricing engine, and risk management solutions, OTP Group aims to deliver high-precision pricing and increased operational reliability for its clients….
GCEX Partners with RULEMATCH to Provide Ultra-Fast Crypto Trading Venue for Institutional Clients
GCEX, the digital asset and FX solutions provider, has partnered with Swiss-based market operator RULEMATCH to offer institutional clients what it claims to be one of the world’s fastest crypto trading venues. Through the collaboration, GCEX clients, including hedge funds and algorithmic traders, gain access to ultra-low latency trading with 25-microsecond execution times, integrated post-trade…
Clearing the Way: Baymarkets on the Evolution of Clearing Systems
Q&A with Peter Fredriksson, Chairman of Baymarkets. Earlier in the summer, Abaxx Technologies went live with the Clara clearing platform from independent clearing systems vendor Baymarkets, to power its recently established Abaxx Commodity Futures Exchange and Clearinghouse in Singapore. Abaxx Clearing will use Clara to manage its initial lineup of five centrally-cleared, physically-deliverable futures contracts…
Paving the Way to T+1: Automation is Essential for the UK’s Settlement Shift
By Paul Chambers, Xceptor. With the UK’s move to T+1 settlement cycles expected to be a game-changer for financial markets, the UK Accelerated Settlement Taskforce has been drawing on lessons from North America’s T+1 transition. One such lesson from across the Atlantic is that insufficient automation led to increased manual processing and exception management, putting…
FFG Asset Management Adopts DTCC’s Institutional Trade Processing Services for Full Automation of Post-Trade Processes
The Depository Trust & Clearing Corporation (DTCC) has deployed its Institutional Trade Processing (ITP) services at Japan’s FFG Asset Management (FFG AM) to automate post-trade processes for both equities and fixed income transactions. By implementing DTCC’s solutions, including CTM, ALERT, and Settlement Instruction Manager, FFG AM aims to streamline domestic and cross-border transaction processes, achieving…
Appital Facilitates Record $78 Million European Equity Transaction, Setting New Benchmark for Liquidity Discovery
Appital, , the price discovery and liquidity sourcing platform, has facilitated a record-breaking $78 million transaction in a listed European large-cap equity. The transaction, 2.3 times the average daily volume (ADV), was executed on LSEG’s Turquoise MTF, surpassing the previous largest transaction of $30 million. This milestone comes just weeks after the launch of Appital’s…
ION Connects to Newly Launched FMX Futures Exchange, Enhancing Client Trading Capabilities
ION, the trading and workflow automation software vendor, has connected to the FMX Futures Exchange, which opened on 23 September 2024. With this integration, clients can now access and trade on the new US interest rate futures exchange through ION’s suite of execution and post-trade products. The FMX Futures Exchange, backed by major investment banks…
BGC Group to Acquire OTC Global Holdings, Expanding Energy and Commodities Business
BGC Group, Inc., the global brokerage and financial technology company, has agreed to acquire OTC Global Holdings, LP (‘OTC’), the largest independent institutional energy and commodities brokerage firm. The acquisition will bolster BGC’s Energy, Commodities, and Shipping (ECS) division by diversifying and expanding its global footprint. OTC offers brokerage services across key sectors such as…