Day: 6 February 2020

Mesirow Breaks the $100 Billion Barrier for Currency Management

Mesirow Financial says that its currency management group has surpassed $100 billion in assets under management as of December 31, 2019. The firm says currency is one of the biggest risks for institutions investing abroad and, as more money is put to work overseas, this risk continues to grow. As a result, a significant demand […]

Copper Integrates with DV Chain

London-based custody and prime brokerage firm Copper has announces its integration with cryptocurrency liquidity provider, DV Chain. The firm says the integration will provide Copper’s clients with access to DV Chain’s liquidity through its prime brokerage infrastructure and trade on it through the Copper platform. The firm claims that its Walled Garden and prime brokerage […]

Theta Trading Technologies Hires CTO

Theta, a specialist provider of buy side trading technology as a service, appointed Peter Meddemmen as its chief technology officer (CTO). Meddemmen has more than 30 years of experience in capital markets, managing technology for multi-asset solutions across the full order execution lifecycle, including front to back workflows, risk, security, legal and regulatory framework. He […]

Saxo Appoints New UK Chairman, Sales Head

Saxo Markets UK Ltd, the UK subsidiary of Saxo Bank A/S, had announced the appointment of Charlie White-Thomson as the new, non-executive chairman of its board of directors. White-Thomson has served as a non-executive director on the board of Saxo Markets UK since 2019 and brings more than 20 years of experience in financial services. […]

LMAX Exchange Unveils Record Results

LMAX Group has unveiled record profitability and financial performance for the year ended 31 December 2019, reporting that 2019 EBITDA grew by 30% to $26.2 million. With an EBITDA margin of 47%, the firm claims it is one of the most profitable operators of global venues for electronic FX trading. Gross revenues were $59.6m, up […]

Mixed News from FX Platforms

FXSpotStream, Integral and Singapore Exchange (SGX) have released their first volume data for the year and it is a real mixed bag, with one up month-on-month but down year-on-year and the other two down from December but up from January 2019. FXSpotStream says its average daily volume was $37 billion in January, taking the 21 […]