The deal with Cowen’s Outsourced Trading follows the recent appointment of Mark Moran as Sales Director, to work alongside Tom Mollooly and grow TORA’s PMS, OMS and EMS products to the US buy-side and sell-side firms.

Except for the Eurodollar options pit, CME Group will shut down all of its Chicago trading floors permanently. This is a historical decision given the importance of trading pits throughout the centuries. Floor trading for agricultural commodities has existed in the Midwest hub since the mid-19th century.

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Before Friday, March 26th, few had heard of Archegos Capital Management, an investment vehicle owned by Bill Hwang, a former hedge-fund trader with a volatile risk-taking past. Archegos had emerged as the entity behind the huge sale of at least $20bn worth of shares, which shocked the stock markets on an otherwise unremarkable Friday and has left at least two global banks – Credit Suisse and Nomura – facing multi-billion-dollar losses.

If anything has demonstrated the cracks… or rather gaping holes.. in the risk management procedures of the Tier 1 FX interbank dealers recently, it has been the debacle surrounding the now notorious Archegos hedge fund.

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Tradency, one of the leading fintech companies, announced the launch of its new product, TRobo, which would help the portfolio managers to showcase their portfolios to investors that are interested in US equities and thus gain additional customers.

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The Australian Securities and Investments Commission (ASIC) has recently imposed new leverage limits for retail clients, but FXOpen’s Pro Account is exempt from the new rules.

SGX acquired BidFX from TradingScreen 2020, having paid $25 million for a 20% stake in 2019. The remaining 80% stake was priced at $128 million. The deal allowed SGX to expand its reach beyond FX futures into the global FX over the counter (OTC) market. 

AmorFX status as the latest Member of the Financial Commission took effect on December 24, 2020, following the approval of its membership application by the Financial Commission The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex) and derivatives markets, accepts AmorFX […]