Market Current Affairs 20 August 2015
Andrew Saks-McLeod looks at this week’s Forex Industry News (August 20, 2015).
Andrew Saks-McLeod looks at this week’s Forex Industry News (August 20, 2015).
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Industry News
Citadel Securities dominates European FX, and is one of the most profitable businesses in the world
Non bank market makers are absolutely dominating the growth of FX order flow execution. Citadel Securities is now the largest internalizer in Europe by market share, a battle it is winning against Tier 1 banks alongside global leader XTX Markets. It is good to see the OTC sector holding its own.
Industry News
Playtech confirms it has been approached over the sale of Finalto
Finalto was described by the company as Playtech’s outstanding performer in H1 2020
Industry News
More greenwash: CME bends to the eco agenda by launching global emissions offset contract. Yawn….
CME Group has capitulated to the green agenda. Today, the company puts out tedious and jargonistic soundbites, saying that its new instruments will reduce emissions. Who will be interested and who will fall asleep?
Industry News
CQG Releases New PanXchange Widget on CQG Desktop for OTC and listed products
Seamlessly taking positions and managing risk across listed and OTC markets has to be the way forward for many brokers.
Industry News
The EU sets out its position
TP ICAP will not be allowed to temporarily service all of its EU customers from London as it had previously believed it could
Industry News
2021 is the year of the non-bank market maker in FX: Optiver leads the way on FXall
Clearly, the banks are being shown a clean pair of heels by the most advanced companies in the FX business. Let’s hope that this paves a new way forward for OTC counterparty relationships and that execution and settlement is now the channel for innovation.
Industry News
CMC Markets selects AWS to improve speed of product delivery
Instead of focusing on the undifferentiated heavy lifting of managing servers, by using AWS CMC Markets has freed up valuable development hours
Industry News
OANDA plays an ace against Australian OTC trading restrictions, goes for pro traders with 1:100 leverage
OANDA Corporation’s Australian division has launched an account with higher leverage for professional traders. During the regulatory reforms by ASIC, many Australian brokers began an attempt to lobby the regulator to accept different leverage rates for different levels of trader.
Industry News
Are US equity markets in a bubble?
88.88 % of all S&P 500 stocks are trading above their 200-day moving average