Day: 24 June 2020

INTL FCStone Rebrands as StoneX

INTL FCStone has announced that it is rebranding the firm as StoneX Group Inc. The StoneX Group name was approved by an overwhelming majority at this morning’s shareholder meeting and effective July 6. The firm notes that it had a record quarter, completed a material acaquisition of Gain Capital, broke $1 billion market cap, ranked […]

Hedge Fund Flows Essentially Flat in May

abyss

Investors added a mere $1.71 billion to the global hedge fund industry in May, according to the eVestment May 2020 Hedge Fund Asset Flows Report, released today. Year-to-date (YTD) flows are still strongly negative at -$34.41 billion and overall industry AUM at the end of May was $3.046 trillion. While even a small amount of […]

FMSB Publishes Good Practice Draft on Algo Trading

The FICC Markets Standards Board (FMSB) has published a new Statement of Good Practice on algorithmic trading in FICC markets as a transparency draft for market consultation. FMSB members and other interested parties are invited to comment on the proposed Statement of Good Practice. This consultation will run until Friday 21 August 2020 with the […]

Bloomberg Gets Malaysia FX Nod

Following news last week that Refinitiv’s platforms had been granted permission to operate in Malaysia, Bloomberg has announced that its FXGO platform has also been granted approval from Bank Negara Malaysia under its new Framework for Electronic Trading Platforms. “Bloomberg has been a long-standing and dedicated partner for the Malaysian financial markets, and this approval […]

Mrkts Partners with Deribit

TradingScreen’s Mrkets subsidiary is partnering with bitcoin futures and options exchange Deribit to enable institutional investors to trade cryptocurrency options for the first time on the Markts platform. Deribit, which claims to own around 70% of the open interest of the BTC crypto options market and approximately 80% of the traded options volume, will connect directly into […]