The London-headquartered world leading commodity broker, Marex Spectron Group Ltd. has acquired the commodity business of London-based BGC European Holdings, CSC Commodities.
Latest Industry News
LMAX Exchange Groups Strengthens its Management Team with Multiple Hirings Across Board
LMAX Exchange Group, an operator of institutional exchange in the eFX and cryptocurrency sector has made a series of new hirings to strengthen as well as to fill the capacities in the senior level management team.
The group has secured Himanshu Kher as its Group Treasurer. This position has been newly created and Kher is the first one to handle the position. He will report directly to Grant Pomeroy, the Group Chief Financial Officer (CFO) at LMAX.
Senior Level Strategic Appointments at Society Financial and Offshore Broker IX Securities
UK-FCA regulated agency, Society Financial has appointed veteran FX executive Tom Tragett as its new Chief Market Analyst. Mr. Tragett will help the company to augment the broker’s market information capabilities specifically in relation to clients while helping to generate a diverse blend of market reports, updates and analysis of overall company clientele.
SBI Holding’s Crypto Subsidiary Invest $15 Million in Operations of Blockchain Platform Tangem.
SBI Crypto Investments Ltd., a subsidiary of SBI Holdings Inc., has invested $15 million in operations of Tangem, a banknote platform and producer smart card wallet. The investment was done with an objective for a breakthrough in mass adoption of the blockchain technology.
Invast Global Opens Hong Kong Office to Address Customer Demand
Invast Global, a specialist multi-asset prime brokerage, has announced a new Hong Kong office in order to address growing client demand in the face of restrictive global financial reforms.
Feature Articles
CFTC has Surprising Spoofing Rules
Attorneys from the law firm Drinker Biddle & Reath LLP made the presentation and noted that CFTC’s statute states that a firm can be charged with a spoofing violation if the firm did not properly supervise its traders, even if none engaged in spoofing.
Volatility defined 2018 and it will define 2019.
That was the view from Eurex, the conglomerate of exchanges which primarily trade derivatives in Europe, in its January 2019 newsletter. “The story of 2018 was the long-awaited mean reversion of equity market volatility, driven by geopolitical tensions. Volatility showed an early blip in Q1 which quickly petered-out as markets rallied to mid-year highs. In […]
Crypto MidWeek Buzz: FED Economist Bearish on BTC, Malaysian Rules Come Into Effect
As experts debate BTC’s future and crypto exchanges’ trajectory, nations look at regulating and perhaps issuing their ownICOs. Meanwhile private equity invests heavily in the blockchain space.
Industry Thought Leadership
Will CTFs be the new ETF?
Exchange-traded funds (ETFs) are among the most popular methods of investing today, with investors pouring trillions of dollars into an ever-growing pool of funds. Particularly in comparison with expensive to use hedge funds, low-fee ETFs provide a safer, more stable means of investing. One of the benefits of ETFs is that they are infinitely broad in scope and […]
Equity Market Innovation Leads to Venue Proliferation
Several startups are planning to launch either new venues or order types, and even listing standards, to solve problems in US equity trading. At last month’s SIFMA Equity Market Structure conference, executives with the following three startups and one established exchange discussed their particular market innovations and how each one fits into the existing equity market […]
SEC Steers Pilot on Equity Trading Fee and Rebates Amid Headwinds
By Ivy Schmerken Diving into one of the more controversial issues in equity market structure, U.S. regulators are moving forward with the transaction-fee pilot that will force stock exchanges to lower the fee caps on rebates they pay to brokers and market makers. “I think the SEC is about to embark upon a productive time […]
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