When will FastMatch and its shareholders BNY Mellon and Credit Suisse want to disassociate the prestigious ECN from FXCM and force its non-controlling minority shareholder out? The question is, exactly how much of FastMatch does FXCM really own, and how can it be valued?
Derivatives exchanges want multi-product retail customers. Why not offer odds on the Cheltenham Festival? Op Ed
In just one week, manual bets are placed to the amount of £150,000,000 by ordinary folk who attend Cheltenham Festival. Imagine if that was placed on exchanges and offered via MetaTrader 4? Here is an unusual view on why this is not such an unusual consideration and would bring on board a vast array of new traders from an important market segment whilst mitigating risk
Will ailing Credit Suisse want to distance itself from FXCM and sell its FastMatch share to Leucadia?
FastMatch: Leucadia’s sensible, profitable and institutional savior. The rest of FXCM is fire-sale material Op Ed
If it is to save itself from shareholder litigation and massive corporate embarrassment, Leucadia could pick up FXCM’s 32% share in FastMatch for pretty much nothing. Bearing in mind ICE tried to buy FastMatch just over a year ago for $200-$250 million, this would put Leucadia in a good position and remove any whiff of association with FXCM from the ECN’s copybook. A detailed analysis by FinanceFeeds
GAIN Capital will pay $500 for each transferred client account which executes at least one new trade during the first 76 calendar days after the closure of the purchase agreement.
A brief message says “Apps from FXCMApps.com are no longer available for U.S. Customers”.
GAIN Capital confirms that it has entered into a definitive agreement to take over the client base of FXCM in the US.
Brian Friedman, President, and Jimmy Hallac, Managing Director, of Leucadia, join FastMatch’s board of directors
Prime brokers dislike last look, but the bank dealer platforms continue. We look at FastMatch’s ingenious solution
Last look execution a bugbear for OTC counterparties and the preserve of the Tier 1 interbank giants? Not anymore. Prime brokerages and liquidity takers are now about to be empowered
The Electronic Communications Network (ECN) partially owned (just below 40%) by North American electronic trading stalwart FXCM, hit the headlines…
After senior FX roles at UBS, ANZ and Barclays, Robert Malin joins FastMatch as Director of Sales for Europe
Senior level appointments in the FX industry are the order of the time as 2016 heads into its second week….
FastMatch will require all liquidity providers to use Symmetrical Last Look on ECN service from Feb 1 – Exclusive
Institutional FX electronic communication network (ECN) FastMatch has today announced that it is making significant changes to its execution methodology,…