Day: 9 June 2020

New ADV Lows for FX Primary Venues

May saw average daily volume on both EBS and Refinitiv’s spot platforms fall back further from April, with both reporting their lowest ADV since they started reporting data in January 2007 and April 2009 respectively. CME Group, which owns EBS, says spot ADV was $56.7 billion in May, a 6.7% decline from April and 27.7% […]

Aon, GK8 Partner for Insurable Digital Asset Storage

GK8, a high-security custody provider for digital assets, announces its product is now insurable via Aon UK Ltd, with insurance provided by a panel of insurers led by Arch Underwriting at Lloyd’s Syndicate 2012, which is part of the Lloyd’s insurance market. GK8 clients can activate the insurance policy to protect their assets under custody […]

Digital Assets Gain Favour Amongst Institutional Investors

In a survey released today by Fidelity Digital Assets, institutional investors are increasingly showing interest in digital assets, with almost 80% of the nearly 800 investors polled “finding something appealing” about the asset class. In the survey of 774 institutional investors across the US (393) and Europe (381), 36% of respondents say they are currently […]

LMAX Opens Weekend FX Trading Service

LMAX Group has launched Weekend FX a service to allow clients to trade during those hours in which the FX market is closed, from 17:05 EST on Friday to 17:00 EST Sunday. The service will be available through LMAX Global, the group’s UK-regulated broker and will support cash-settled CFD (contracts for difference), which are non-fungible […]

B2C2 on Board for Digital Assets Governance Platform Launch

Lacero, a governance technology provider for digital assets, today announces the launch of FlowOS, which offers advanced transaction control and permissioning, with cryptocurrency liquidity provider B2C2 onboard. FlowOS enhances existing wallet and custody solutions, giving users direct, independent control of their policies, procedures and rules, the group says, adding that it is the first platform to […]

Sucden Joins TrueFX Clearing Network

TrueFX, an OTC market designed for the buy side, today announces that multi-asset execution, clearing and liquidity provider, Sucden Financial, has joined as a clearing member. Launched earlier this year, the clearing network allows buy side firms of all sizes to directly access liquidity on TrueFX from market makers without an intermediary. Users have the […]

Digital Vega Rolls Out Hydra Exotics

FX Options multi-dealer platform provider Digital Vega has rolled out a new exotics platform as it seeks to eat into the dominant share of this market held by the bank single dealer platform. To date, developments in the FX options multi-dealer world have been limited to vanilla products, such as those supported by Digital Vega’s […]

Takeover of Gain Proceeds: Firm gets Hit by CFTC

It has been a hectic week for Gain Capital, with, just days after 71.2% of its shareholders agreed to the terms of the takeover by INTL FC Stone, the being hit by the US Commodity Futures Trading Commission (CFTC) over client onboarding irregularities at its UK arm. Just over 85% of the votes cast at […]

OneZero Expands Board

OneZero Financial Systems today announces that David Quinlan joined its board of directors to support the firm’s growth plans. Quinlan was previously an executive managing director at Eze Software. “I’m excited to join the board of oneZero and support their mission to provide financial institutions with technology for FX execution, distribution and data insights,” says […]