business Archives - Page 5 of 12 - The Industry Spread

Spotex Hires & Appoints Kevin Gillespie as Director of Sales for European Expansion

June 8, 2019

US based Forex trading technology provider Spotex which focused primarily on ECN operation and communication network has now announced that it has hired Kevin Gillespie to spear head its expansion activities in Europe. The firm is known for its products which help brokerages and dealers profit from improved trade execution speed, transparency and reduced cost by enabling participants to focus on trading strategies. Given its efforts over the last decade, the firm has managed to gain significant client base and market share in North American market and is now focusing its efforts into expanding its market share in European market. In a bid to hasten expansion activities in European market, the firm has hired Kevin and appointed him as Director of Institutional sales in their London office.

Valutrades Debuts its Institutional Sector Desk Co-Headed By Thwaytes & Foster

June 8, 2019

UK based FCA regulated Forex ECN brokerage house Valutrades is now branching out into institutional sector. Having always focused on retail sector, the companies to move to branch out into institutional sector was made post recent changes to regulatory conditions in European market. In the firm’s bid to hasten and spearhead their expansion into institutional sector the firm has arranged for two of its non-executive directors to step down from their roles.

Thai Listed Securities Report 4.4 Percent Sales Growth in Q1/2019

June 6, 2019

BANGKOK, May 27, 2019 – Securities listed on The Stock Exchange of Thailand (SET) and Market for Alternative Investment (mai) posted total sales of THB 2.92 trillion (approx. USD 91.3 billion) in the first quarter of 2019, up 4.4 percent a year earlier. Their aggregate net profit for the three months from January to March reduced by 9.3 percent over the same period last year to THB 2.53 billion, weighed by lower net profits of Energy & Utilities and Petrochemicals & Chemicals sectors. Food & Beverage and Property Development were among top performing sectors.

LSEG Acquires Beyond Ratings to Integrate ESG Into Fixed Income

June 6, 2019

Beyond Ratings will sit within LSEG’s Information Services Division (ISD), which also includes FTSE Russell, and will operate as a contained business within the ISD. London Stock Exchange Group (LSEG) has acquired Beyond Ratings, a provider of smart data and analytics that integrates Environmental, Social and Governance (ESG) into fixed income.

The Rise of Conditional Orders Post-MiFID II

June 3, 2019

The International Equity Trading benchmark research study for 2019, conducted by TABB Group, found that 79 percent of firms are using conditional orders to source liquidity for their clients. The trend is expected to accelerate further as more than 30 percent of these traders plan to increase usage in 2020.

Wesley R. Bricker, Chief Accountant, to Leave SEC

June 2, 2019

The Securities and Exchange Commission today announced that Wesley R. Bricker, Chief Accountant, plans to leave the agency after more than six years of distinguished service. Mr. Bricker was named as the SEC’s Chief Accountant in 2016, after serving as the deputy chief accountant.  Earlier, he served as a professional accounting fellow.

Morningstar to Acquire Fourth-Largest Credit Ratings Agency For $669m

June 1, 2019

By combining the world’s fourth-largest ratings agency with Morningstar Credit Ratings’ U.S. business, the company will be able to expand global asset class coverage and provide an enhanced platform for providing investors with leading fixed-income analysis and research.

Erin Schneider Named Director of San Francisco Office

June 1, 2019

The Securities and Exchange Commission today announced that Erin Schneider has been named Director of the San Francisco Regional Office.

Ms. Schneider joined the SEC staff in 2005 as a staff attorney in the San Francisco office.  She was promoted to Assistant Regional Director of the Enforcement Division’s Asset Management Unit in 2012 and then to Associate Regional Director of the San Francisco office in 2015.

BrokerTec to Launch Dealer-to-Client Request for Quote Solution for Repo Market

May 30, 2019

BrokerTec, a subsidiary of CME Group, will soon be launched a new dealer-to-client Request for Quote (RFQ) trading solution for the European Repo market, going by the name of BrokerTec Quote, subject to regulatory approval. Clients will also gain access to BrokerTec Analytics, which provides insight into individual trade performance and historical data.