HKEX to Launch INR Futures

Hong Kong Exchanges and Clearing (HKEX) has announced it will launch Indian rupee (INR) currency futures in the fourth quarter of this year. The exchange it plans to introduce two new contracts: the INR vs US Dollar (INR/USD) futures; and the INR vs Renminbi traded in Hong Kong (INR/CNH) futures, adding the INR/CNH Futures contract […]
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Gemini Added to CME Crypto Data

Gemini digital asset exchange data will be included in the CME CF Reference Rates and Real Time Indices for both Bitcoin and Ether from Friday August 30, the exchange has announced. The CME CF Bitcoin Reference Rate, is used to settle CME Bitcoin Futures, with cryptocurrency indices provider CF Benchmarks being the Administrator for the […]
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USD/CNH Volumes Surge on SGX Amidst Trade War

Having recorded a new record high trading volume of $7.5 billion notional in its USD/CNH futures on Friday, August 2, SGX saw a 38% increase in volumes as trading resumed on Monday, August 5. The initial surge in trading was precipitated by a tweet from US president, Donald Trump, that his administration plans to impose […]
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LSEG and Refinitiv: Deal of the Century or Disaster Waiting to Happen?

Galen Stops gives his take on the five key questions to be asking following the announcement of LSEG’s proposed acquisition of Refinitiv. The news that London Stock Exchange Group (LSEG) is set to acquire Refinitiv in a deal worth $27 billion certainly caused a lot of excitement and intrigue within the financial services industry when […]
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Kraken Acquires Digital Asset Reconciliation Platform

The digital asset trading platform Kraken has acquired Interchange, an accounting, reconciliation and reporting service provider for cryptocurrency hedge funds, asset managers and fund administrators. “The transaction creates the world’s first end-to-end crypto trading and reconciliation platform, and brings Interchange co-founders and well-respected crypto veterans Dan Held and Clark Moody to Kraken,” says Kraken in […]
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LMAX Reports Strong H1 Results

LMAX Exchange Group has reported strong revenue growth and increased volumes across its platforms achieving record first half results. The group says gross profit of US$25.8 million is up 27% from H1 2018, with statutory EBITDA of US$11.3m, up 50% from H1 2018 . Its EBITDA margin was 44%, up 7% from H1 2018 and […]
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LSE Bids $27 Billion for Refinitiv

The London Stock Exchange Group (LSEG) has confirmed that it is in “advanced discussions” to buy Refinitiv for around $27 billion, including around $12.2 billion in debt. These discussions are regarding Board membership, governance and other relationship agreement terms including lock-up provisions, which reflect a long-term partnership. In a statement LSEG says new LSEG shares […]
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Atlas Bank Eyes a New Model for FX Clearing

Galen Stops takes a look at how Atlas Bank is taking a new approach to prime banking and clearing processing in Latin America’s FX markets. Atlas has been around for quite some time now, and in fact has a long history in the FX industry. The group initially formed in 1994 with the launch of […]
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Union Investment Starts Trading Eurex FX Futures

European asset manager Union Investment has started trading Eurex FX futures after the firm says it saw “growing traction in the product as part of their overall FX portfolio strategy”. Eurex offers monthly and quarterly FX Futures as well as Rolling Spot Futures as a component of Deutsche Börse Group’s FX strategy. “We are now […]
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TriOptima Runs Inflation Swap Compressions

TriOptima has announced that it has completed the first cleared inflation swap compression run at LCH SwapClear. The run was completed on 19 July with euro cleared inflation swaps being compressed through the TriReduce service and the firm says it will go live with sterling and dollar cleared inflation swaps compression in LCH SwapClear “imminently”. In order to […]
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