Brexit Uncertainty Not Hampering RMB Trading

Brexit uncertainty hasn’t stopped RMB trading activity in the UK reaching record highs, according to a new report published by the City of London Corporation. The report, London RMB Business Quarterly, shows that an average of £85 billion of RMB was traded in the UK on a daily basis in the second quarter of 2019, […]
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Integral Teams Up with Jefferies for TrueFX Launch

Integral has partnered with Jefferies to launch a new liquidity network called TrueFX, which aims to leverage the former’s technology and the latter’s credit intermediation services to reduce trading costs for buy side firms, which includes retail brokers, macro hedge funds, prime of primes, and regional banks. Essentially, the aim of this initiative is to […]
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Swiss-Licensed Crypto Bank Begins Operations

SEBA Bank, which was recently granted a banking license by the Swiss Financial Market Supervisory Authority (FINMA) and offers services around both conventional and digital assets, is now fully operational. After an onboarding phase with a designated customer group, SEBA has now officially started the onboarding of customers based in Switzerland. Its banking services are […]
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Veem Offers Locked FX Rates for Payments

Veem, a global payments network, has launched a new tool enabling businesses to mitigate FX rate volatility and risk by locking in the base currency value of a payment or invoice. In a release issued today, Veem claims that the new offering, called Locked Exchange Rates, is an industry first that will level the playing […]
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Bakkt Expands Crypto Custody Service

Bakkt, the cryptocurrency exchange founded by Intercontinental Exchange (ICE), has now made its institutional crypto custody service, Bakkt Warehouse, available to all market participants following new regulatory approvals. Previously, only clients trading the Bakkt bitcoin futures contracts could use this custody service, but now the exchange has received authorisation from the New York Department of […]
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Bequant Partners with Avelacom

Bequant, a cryptocurrency exchange with prime brokerage services, is now offering crypto market participants faster access to its market infrastructure via Avelacom’s low latency network. Avelacom is a provider of global connectivity and IT infrastructure. Through this initiative, Bequant’s colocation facilities and connectivity footprint globally will be increased through a point-to-point fiber in Equinix’s LD4 […]
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BIS Shuffles the Leadership Pack on Committees

Central bank Governors meeting at the Bank for International Settlements (BIS), a hub for central banks and other financial regulatory and supervisory authorities, made a number of appointments to lead key central bank groups. Jerome Powell, chair of the Board of Governors of the Federal Reserve System, has been named chair of the Global Economy Meeting (GEM) and the Economic Consultative Committee, after consultations […]
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Cœuré New Head of BIS Innovation Lab

The Bank for International Settlements (BIS) has appointed Benoît Cœuré as head of the new BIS Innovation Hub, set up to foster international collaboration among central banks on innovative financial technology, most significantly global stablecoins. Cœuré has been a member of the ECB Executive Board since January 2012, and is currently in charge of international and European relations, market […]
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Spotex Adds INTL FCStone as Prime-of-Prime

Spotex has signed INTL FCStone to provide prime services enabling clients to access the firm’s ECN. The addition comes as Spotex is launching a slate of new products and services to the brokerage and fund manager market segments. “We are excited about the opportunity to offer Spotex as an additional ECN within our prime of […]
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Symphony Partners with Tencent to Connect to WeChat

The Symphony network has announced a partnership with Tencent to connect Symphony’s community of 450,000 global markets professionals with the Weixin platform (known as WeChat outside mainland China). The firm says the integration is the first of its kind and enables two major global communities to connect and conduct business. The initiative has been backed […]
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