FXSpotStream Adds Two

FXSpotStream has made two hires to its business in London and Tokyo with the hires of Rhys Bryan and Hajime Tezuka. Bryan joins FXSpotStream’s London sales team; most recently serving as VP, futures with Citi in Singapore. Prior to joining Citi in 2013, he began his career with Morgan Stanley, after graduating from Cardiff University. […]
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Edgewater Markets Touts Metals Success

Edgewater Markets has announced in a release that it handled $500 million in daily volume in spot gold and silver during the first half of 2020 – something the firm says is a significant year-on-year increase. With servers in LD4, NY4, and TY3, the firm offers spot gold and silver to its institutional clients with […]
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US Existing Home Sales Now in “Booming Phase”

US existing home sales surged to a 14-year high in July on record low mortgage rates and an increased desire for single-family homes. National Association of Realtors Chief Economist Lawrence Yun said that the housing sector has moved passed the recovery phase from the exceptionally soft spring and has moved into a “booming phase.” Data […]
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Co-Founder Sinclair Leaves MarketFactory

James Sinclair, co-founder of MarketFactory, which was acquired by ION last year, has left the company, where he served as executive chairman in New York. Sinclair, along with then COO Darren Jer, and CTO Ed Howorka, co-founded MarketFactory in 2007, where he initially served as CEO until 2016, at which time he was named to […]
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US Initial Claims; Philly Fed Index, Disappoint

The future of the enhanced US jobless claims programme remains uncertain as talks between the Administration and Congress have gone silent, but new filings turned higher in the most recent week. At the same time, this week’s manufacturing conditions data have suggested a slower pace of expansion – and that’s in states where COVID cases […]
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Fed’s Kaplan for “Restraint” in Doing More Monetary Stimulus

Dallas Federal Reserve Bank President Robert Kaplan says the Fed is “quite a ways” from considering raising interest rates, but advocated “restraint” in doing more to stimulate the economy. Although inflation has long run below the Fed’s 2% target, Kaplan said he is “cognisant” of the possibility that inflation could accelerate in coming years. He […]
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SGX, FTSE Russell to Collaborate in New Asian Indices

Singapore Exchange and FTSE Russell have signed a long term strategic paertnership agreement that will see the firms launch new Asian and Emerging Markets focused, multi-asset index derivatives offerings. The core products will be anchored around FTSE Russell’s global benchmark indices for fixed income, listed real estate, global equities and currencies, catering for expansion to […]
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CFTC Clobbers Bank of Nova Scotia with $127 Million Spoofing Fine

The US Commodity Futures Trading Commission has issued three Orders filing and settling charges against Bank of Nova Scotia for spoofing in precious metals futures, making false statements to US regulators and  for compliance and oversight failures. The bank has been fined a total of $127.4 million. The first two orders require Scotia to pay […]
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Goldman Live on ForexClear

Goldman Sachs has become the latest bank to go live on LCH’s ForexClear service, offering clearing services to its clients under the ForexClear FCM (futures commission merchant) and international clearing broker model. Goldman clients can access the FX derivatives clearing service in NDFs, the clearinghouse also offers dealer-to-dealer clearing services for deliverable FX options, spot […]
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SteelEye Unveils Auto-Trade Reconstruction Solution

Compliance and data analytics firm SteelEye has released Auto-Trade Reconstruction, a solution that reduces the time it takes for a firm to reconstruct a trade from days to seconds. Under MiFID II, MAR, Dodd-Frank and other global regulations, authorised firms can be asked by the regulator at any point to reproduce the records that relate to […]
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