Integral says that its TrueFX network has executed the first set of disclosed trades between FXCM, AxiCorp, Velocity Trade and electronic market makers. The platform has been designed, Integral says, to provide all market participants with direct access to FX liquidity through a single point of credit intermediation and technology integration. Delivered in a cloud […]
TrueFX, a venture between Integral Development and Jefferies FX prime brokerage business, has announced the launch of the TrueFX Clearing Member network, with Axicorp, FXCM and Velocity Trade as the first members. Clients of the venture, which was announced in November 2019, will have the option to clear through Jefferies FXPB, the central credit counterparty […]
The Australian Administrative Appeals Tribunal (AAT) has granted retail broker AxiCorp a stay on the local regulator, the Australian Securities and Investments Commission’s (ASIC) decision to suspend its licence for four months. ASIC issued the ban at the start of the year, at which time AxiCorp appealed the decision, and also asked for the proceedings […]
FX and Contracts For Difference (CFD) trading provider AxiCorp has announced that it will acquire UK-headquartered One Financial Markets (OFM). The deal is predominantly cash-based, the amount is not disclosed, and will be subject to regulatory approvals, the firms say, adding that the deal is a result of more than 12 months of talks between the two companies. The move also comes amid broader anticipation of further consolidation in the global CFD and FX industry due to upcoming regulatory changes.