Debelle Named as GFXC Chair

Guy Debelle, deputy governor of the Reserve Bank of Australia (RBA), has been named as the next chair of the Global Foreign Exchange Committee (GFXC). His two-year term will begin in early July, 2019, after he was nominated and elected to the position at the latest two-day GFXC meeting hosted by the Bank of Japan […]
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Cboe FX Launches One-to-One Execution Solution

Cboe FX has launched a new solution called Cboe FX Point, which allows clients to manage one-to-one trading relationships utilising the platform’s technology, infrastructure and settlement relationships. Noting that liquidity provision in the FX market is “deeply fragmented” right now, with institutions conducting their trading activity with a range of different counterparties across a variety […]
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Study Shows Long-Only Investors Looking to Alternative Data

Traditional “long-only” investors are joining quantitative early-adopters in using alternative data to achieve investment alpha, according to a new study from Greenwich Associates. Nearly half of investment managers that participated in the study said that they use alternative data, with another quarter planning to do so in the next 12 months. Meanwhile, the study shows […]
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FCA Report Finds £27m Lost to Crypto, Forex Scams

The UK’s Financial Conduct Authority (FCA), in conjunction with Action Fraud, has issued a report showing that last fiscal year £27 million was lost to crypto and forex investment scams. The report from the FCA and Action Fraud, a national reporting centre for fraud and cyber crime, found that the number of scams reported nearly […]
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Argentex Reports Record Revenue, Profit Growth

Argentex, which provides FX services to corporate and private clients across EMEA, reported revenue and profit growth over the last 12 months, ending March 31st. It’s revenue over this period was £21.9 million, and the operating profit was £11.5 million. In a release issued today the firm says that this revenue, which represents a 66% […]
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Trading Technologies Launches Connectivity to CoinFLEX

Trading Technologies (TT) is now offering connectivity to CoinFLEX, a cryptocurrency exchange for physically delivered futures, for traders outside the US. CoinFLEX, formerly CoinfloorEX, is incorporated in the Seychelles and is focused on the Asian retail trader market as well as the market for commercial hedging, including mining firms, OTC trading desks and global proprietary trading […]
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Foulger joins Tokkyo FX

Mark Foulger has joined the market making firm, Tokkyo FX, as its new head of sales. “My focus, as the head of sales is looking at expanding the Tokkyo FX distribution network,” Foulger tells Profit & Loss. “Tokkyo started out as a buy side prop trading desk. It had a heavily data driven approach to […]
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OpenFin appoints Dinsdale as Europe CTO

OpenFin, which offers and operating system (OS) for financial services, has hired Tim Dinsdale as its European CTO. In this role Dinsdale will be responsible for leading the firm’s technology efforts across the region, expanding OpenFin’s London-based development team and driving its desktop services initiatives globally. He is also set to lead the development and […]
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Seed CX Extends Trading Hours

Seed CX’s digital asset exchange (SXCM) is now open 22 hours a day, five days a week. The firm plans to move to 23/7 trading in the near futures, and says that the goal of SCXM’s extended hours is to “provide global traders with greater flexibility for trading”, giving market participants the ability to buy […]
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CFH Clearing Launches Single Stock CFDs

CFH Clearing is now offering trading in single stock CFDs for retail brokers and high net worth individuals. CFH Clearing, TradeTech Group’s liquidity provider and prime-of-prime, will allow the single stock CFDs to be traded via all existing trading platforms and distribution channels, including MT4, MT5 and FIX API. The CFDs can also be fully […]
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