FNG Exclusive… FNG has learned that Turkish brokerage group Global Kapital Group (GKG) has hired Adam Dougall as CEO of the company’s London-based, FCA regulated arm, GKFX Financial Services Limited. GKFX Financial Services Limited, or GKFX UK, operates mainly under the GKPro brand, providing B2B institutional FX and CFD services to smaller FX brokers as…
Read More “Exclusive: FXCM alum Adam Dougall hired as CEO of GKPro” »
Moscow Exchange (MOEX) has introduced new instruments and services for FX Market participants. Trading on the FX Market now starts with an opening auction for all spot instruments from 6:50 am to 7:00 am Moscow time. The auction mechanism reduces the risk of significant fluctuations in the morning hours and increases the efficiency of market…
Read More “Moscow Exchange introduces FX Market opening auction” »
Multi-bank FX marketplace operator MillTechFX, launched earlier this year by Millennium Global with backing from Sir Ronald Cohen, has announced that it has partnered with Investec Bank plc, the global bank and wealth manager, to provide fund managers with an innovative margin-free foreign exchange (FX) hedging solution. The MillTechFX-Investec partnership enables transparent best execution across 10+…
Read More “MillTechFX and Investec launch margin-free FX hedging solution” »
FNG Exclusive… FNG has learned via regulatory filings that Axicorp Limited, the London-based FCA regulated operating arm of Australian Retail FX firm AxiCorp Financial Services Pty Ltd (AFSPL), saw a healthy increase in activity in its fiscal 2021 year ended June 30, 2021. Axicorp UK reported that revenues generated by clients of the AFSPL group…
Read More “Exclusive: Axicorp UK client revenues up 46% in 2021 to £17.2M” »
Standard Chartered has successfully completed its first Trade Loan transaction in Hong Kong referencing the USD Secured Overnight Financing Rate (SOFR) for Qatar National Bank (QNB Group). As the financial markets are moving away from LIBOR and stop entering into new LIBOR contracts starting from 2022, the transaction used the 3-month Term SOFR as a…
Read More “StanChart completes first USD SOFR-based Trade Loan in Hong Kong” »
Alpha FX Group plc (LON:AFX), a provider of FX risk management and alternative banking solutions, today issued a trading update for the financial year ending 31 December 2021. Following Alpha FX’s interim results announcement on 1 September 2021, the Board says that trading has remained strong. Growth continues to be derived from the Group’s core…
Read More “Alpha FX reports growth in Corporate & Institutional FX Risk Management divisions” »
Equals Group plc (LON:EQLS), a technology-led international payments group focused on the SME marketplace, today provided a trading update for the period from 1 January 2021 to 6 December 2021 (the ‘year to date’) and 1 October 2021 to 6 December 2021 (the ‘Period’). The Group says it has significantly exceeded full-year expectations for both…
Read More “Equals Group YTD revenue reaches £40.4M beating expectations” »
Multi-asset broker solutions provider Centroid Solutions has announced that DXtrade, a stock and forex trading platform for brokers built by Devexperts, was integrated with Centroid’s aggregation liquidity hub. This integration offers FX and CFD brokers using the DXtrade platform with direct access to Centroid’s ultra-low latency liquidity aggregation engine, with connectivity options to over 100…
Read More “Centroid aggregation liquidity hub integrates with DXtrade platform” »
Acadia, the leading industry provider of integrated risk management services for the derivatives community, and Capitolis, the leading SaaS platform that drives financial resource optimization for capital markets, today announced the launch of SA-CCR Optimization. SA-CCR Optimization will bring considerable cost savings to firms subject to the Standard Approach to Counterparty Credit Risk (SA-CCR) regulations,…
Read More “Acadia, Capitolis introduce SA-CCR Optimization service” »
Global digital payments innovator Zip Co Limited (ASX:Z1P), formerly operating in the U.S. as Quadpay, today announced the appointment of Levi Aron as its chief growth officer for the U.S. market. The appointment is effective immediately. With over 20 years of experience in senior and executive roles, Mr Aron brings stalwart people-first leadership and a…
Read More “Zip appoints Levi Aron as US Chief Growth Officer” »
