Category: forex news

LCH SwapAgent, a service for the non-cleared derivatives market, has registered its first SARON/SOFR cross-currency basis swap. The CHF/USD basis swap was executed between Citi and Societe Generale, brokered by Gottex. LCH SwapAgent has now processed trades in alternative reference rates in the five currencies that LIBOR is calculated in (CHF, EUR, GBP, JPY and…

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Subject to regulatory approval, Swiss stock exchange SIX will launch its new Sparks equity segment dedicated to Small & Medium Enterprises (SMEs). These companies will benefit from enhanced visibility, a more relevant peer group and more effective price formation in their equity securities while benefitting from all the well-known advantages of being a listed company…

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With the Playtech shareholder vote on the original Barinboim Group led offer to buy Finalto and Markets.com just a week away on July 15, a war of words (or more precisely, press releases) as erupted between the Barinboim Group and the new “hostile” bidder, TT Bond Partners. Jonathan Bond

Effective July 9, 2021, Cboe Options Exchange (C1) will offer automated handling for non-FLEX complex index option orders that include a “combo” portion (synthetic future) and have up to an 8:1 ratio. This change is applicable in all broad-based index option classes. A combo is a purchase (sale) of an index option call and sale…

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To enable its users to gain exposure to the semiconductor industry and chip stocks, online trading company eToro has created the Chip-Tech Portfolio. This ready-made, thematic investment strategy offers investors a fully allocated portfolio, comprising the entire chip supply chain: chip designers, foundries, integrated device manufacturers, silicon wafer producers, and more. It also provides investors…

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The United States Securities and Exchange Commission (SEC) has secured Court judgments against investment adviser Westport Capital Markets, LLC and its sole owner, Christopher E. McClure. On July 6, 2021, a federal district court in Connecticut entered final judgments against Westport Capital Markets and McClure. The judgments order that Westport Capital and McClure are jointly…

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For most Forex traders, the Forex Factory website does not need a special introduction. It is more than a forum, it is a multi-facet app that features a calendar, a raft of news articles, information about brokers and also some useful charting features. Earlier today, Fair Economy, Inc., the operator of Forex Factory, confirmed that…

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Copenhagen’s Saxo Bank has closed out its first half of 2021 with yet another weak month of client trading volumes, with June’s activity of $282.8 billion down 5% MoM from May’s $298.6 billion. Saxo once again had one of its slowest months over the past 5+ years in its core FX trading business, with FX…

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The UK government is consulting on proposals to bring the issuance of non-transferable debt securities (mini-bonds) within the scope of financial services regulation. London Capital & Finance (LCF) which issued non-transferable debt securities (NTDS), entered administration in January 2019, impacting 11,000 investors who had invested more than £230 million. Issuing NTDS is currently an unregulated…

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Cyprus based forex broker technology and MT4/MT5 integration specialist PrimeXM has announced that it is further expanding its technology services in Asia, by adding a new trading data center in Singapore at Equinix SG1. The new Singapore location joins London, New York, and Tokyo as PrimeXM’s fourth major global foreign exchange trading location. PrimeXM went…

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