Day: 30 July 2015

EBS BrokerTec Announces New Management Structure

EBS BrokerTec has announced a new management structure, naming Dan Cleaves and Darryl Hooker co-heads of EBS BrokerTec Markets, and the addition of Phil Harris, who joins EBS BrokerTec as head of EBS Market. Cleaves most recently served as CEO of BrokerTec’s North America business, having previously been global head of product for both BrokerTec […]

Thomson Reuters Sees Revenue Dip on Currency Impact

Thomson Reuters’ half year financial report shows the firm’s revenues were down 4%, but it says this was entirely due to the impact of currency movements. Revenues grew 2% before the currency effect. In the firm’s Financial & Risk division revenues rose 1% and net sales were up for the fifth consecutive quarter. The 1% […]

SGX Profit Up 9% For the Year

Singapore Exchange (SGX) has announced an annual net profit of $348.6 million, up 9% from the previous year, on revenue of $778.9 million, up 13% from a year earlier. “SGX has delivered a good set of results for the year. We are conscious of the challenges ahead and the need to address new listings activity […]

What Now Following 360T Sale?

There has been more big M&A news in the FX world this week with the announcement that Deutsche Boerse Group is set to buy trading platform 360T for EUR725 million. With the acquisition of Hotspot by BATS Global Markets, 360T by Deutsche Boerse and, if the rumours are to be believed, FastMatch by the Intercontinental […]

CME Chairman: EU Regulators Putting US Clearing Houses at Disadvantage

CME’s executive chairman and president, Terry Duffy, has accused European regulators of deliberately disadvantaging US clearing houses in order to provide their European counterparts with a competitive advantage. Speaking before the US House Committee on Agriculture to assess the progress of global derivatives reform five years after Dodd-Frank was passed into law, Duffy claimed that […]

Barclays’ Revenues Grow

In its Interim Statement for the first half of 2015, Barclays has revealed that its macro products business, which includes foreign exchange, saw revenues increase by 12%. Barclays reports that Macro products’ revenue was GBP 1.178 billion in H115, up from GBP 1.056 billion in the same period last year. It says that the increase […]

Thomson Reuters Adds Icebergs to Matching

Thomson Reuters this week added Iceberg order functionality to its Matching platform. The firm confirms, “The Thomson Reuters Matching Community now has access to native Iceberg order types, enabling clients to display a size which is less than the full order quantity when submitting a limit order.” Iceberg orders allow a price maker to stay […]

BGC Records Fourth Consecutive Quarter of Record Profits…

BGC’s second quarter post-tax distributable earnings grew by 48.6% year-over-year to $64.6 million, while it revenues increased by approximately 59.1% to $684.6 million, according to the results that it released yesterday. The brokerage firm’s foreign exchange revenues for Q2, 2015, was $82.4 million, up 67.2% from the same quarter the previous year. “This was the […]

…Lutnick Expects More Buy Side Business for IDBs

Howard Lutnick, chairman and CEO of BGC, says that he expects to see more buy side business coming through the inter-dealer brokers (IDBs), which will help drive growth in the industry. Speaking on an investor call to announce BGC’s second quarter results, Lutnick pointed to the changing regulatory structure in Europe and the US as […]