Thomson Reuters Corporation (TSX / NYSE: TRI) today announced that it has received approval from the Toronto Stock Exchange (TSX) for the annual renewal of its normal course issuer bid (NCIB).
read more...Thomson Reuters Announces Annual Renewal of Normal Course Issuer Bid
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Liquidnet Appoints Industry Veteran Stephen Grady As Non-Executive Director
Liquidnet, the global institutional trading network, today announced the appointment of Stephen Grady as Non-Executive Director of Liquidnet Europe. Stephen will bring more than twenty years of experience in managing trading functions.
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Central bank Governors welcome global code of conduct for currency markets
Press release about "Central bank Governors welcoming global code of conduct for currency markets", 25 May 2017.
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NIBC Bank Invests In Ebury To Further Opportunities In Cross-Border Trading
Ebury, one of the fastest growing fintechs for corporate cross-border payments and growth lending, today announced investment from NIBC bank. The new partnership will open up cross-border trading opportunities for NIBC customers. Ebury will provide NIBC bank customers with an innovative platform for payments, risk management and funding.
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FXPA Endorses Global Code For FX Market
The Foreign Exchange Professionals Association (FXPA) welcomes the release of the Global Code for the wholesale foreign exchange market, which was published this morning in London.
The Global Code represents the culmination of two years of work performed under the auspices of the Bank for International Settlements (BIS) and market participants from 16 jurisdictions around the world. The Global Code is a set of global principles of good practice in the FX market to promote the integrity and effective functioning of the wholesale foreign exchange market.
“The FXPA endorses the Global Code and its stated aim to promote a robust, fair, liquid, open and transparent market, which is very much in line with FXPA’s own principles. We recommend that our members demonstrate their commitment to adopting the good practices set forth in the Code,” says Chip Lowry, Chair, FXPA.
“FXPA commends the global coordination and work of the BIS’s Foreign Exchange Working Group in strengthening global standards for those operating in the FX market. We fully support the adoption of its principles,” adds Lowry.
Work on the Global Code began in May 2015 by the FX Working Group (FXWG) within the Markets Committee of the BIS. The effort was led by Guy Debelle, FXWG Chairman and Assistant Governor of the Reserve Bank of Australia, and David Puth, Head of the Market Participants Group (MPG) and CEO of CLS.
The FXPA will host a webinar, “How Does the Global Code Apply to Me?”, on Wednesday, May 31, at 10am (Eastern) / 3pm (UK) / 10pm (Singapore). Please register at: https://profit-loss.webex.com/profit-loss/onstage/g.php?MTID=ec1050f9dfccf8c5e041fe57d019bf937
The FXPA is a Washington, DC-based organization that represents the collective interests of the full array of professional foreign exchange industry participants. The group was developed to engage key regulators, policymakers, the news media and general public through education, research and advocacy, with the goal of advancing a sound, liquid, transparent, and competitive global currency market.
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Complete FX Global Code Published
A global code of conduct for the foreign exchange (FX) markets has been launched today (25 May).
The FX Global Code (Code) establishes a common set of guidelines for good practice in the FX market. FX markets are a vital part of the global financial system, with a turnover of more than $5 trillion a day. A blueprint for achieving widespread adherence to the Code is laid out in a separate report.
The European System of Central Banks has welcomed the publication of the Code and related adherence mechanisms material. A separate statement of support has been issued by governors of the Bank for International Settlements Global Economy Meeting.
The FX Global Code supersedes and substantively updates existing guidance for participants in FX markets provided by the Non-investment Products (NIPs) Code. Guidance on other markets covered by the NIPS Code will be superseded by the UK Money Markets Code and Precious Metals Code (also launched today).
The Code will be maintained and updated by a new Global Foreign Exchange Committee.
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Training Enquiry - MoneyScience
Tell us if you are interested in #QuantLib training for the Excel Add in & for #Python here: https://t.co/PIx33M9ivj #quant #finance â moneyscienceâ¦
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David Lewis on Twitter
Andrew O'Hagan's righteous demolition of Paul Dacre and the Daily Mail is a stunning piece of writing. https://t.co/vyZfRkhXpuâ¦
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Wholesale Markets Brokers’ Association Statement On The FX Global Code Of Conduct ("Global Code")
The Wholesale Markets Brokers’ Association (“WMBA”) welcomes and strongly supports the launch of the FX Global Code for the wholesale foreign exchange (FX) market. Collectively, WMBA member firms operate, arrange and execute the vast majority of the FX wholesale turnover around the world each and every day.
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Global Foreign Exchange Committee: Global Code Of Conduct Sets Out Good Foreign Exchange Market Practice
A global code of conduct for the wholesale foreign exchange (FX) market was released today in London. The FX Global Code establishes a common set of guidelines for good practice in the FX market, a vital part of the global financial system with turnover of more than $5 trillion a day.
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NEX Markets To Adhere To The FX Code Of Conduct
NEX Markets, a NEX Group business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announces today that following the publication of the FX Code of Conduct (“the Code”), it plans to adopt the Code’s principles across its FX trading platforms.
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GFMA Global FX Division Welcomes Global Code Of Conduct For FX Market
Commenting on the publication today of the Global Code of Conduct for the FX market – which provides a common set of guidelines to promote the integrity and effective functioning of the wholesale foreign exchange market – James Kemp, Managing Director of the GFMA’s Global FX Division said:
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NEX Group Announces Title Sponsorship Of The ‘XBlades’ Global Drone Racing Team
NEX Group plc (“NEX”) (NXG.L), a financial technology company at the centre of the global markets, announces today that it is the official global sponsor of 'XBlades', the world’s leading drone racing team.
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Metropolitan Stock Exchange And GMEX Agree To Collaborate In Exchange Space In India - MSE And GMEX Group Of London Enter Into A Joint Collaboration To Deliver Innovative Products For Existing And New Trading Segments In Indian Capital Market - This Partnership With MSE Is GMEX’s First Strategic Partnership In Indian Market
Metropolitan Stock Exchange of India Limited (MSE), the third national level stock exchange, today announced it has agreed to collaborate with GMEX Group (GMEX) of London, provider of multi-asset exchange trading and post trade technology and business solutions.
MSE is developing innovative products in existing market segments as well as launching new trading segments. It is also expanding the eco-system and encouraging greater participation from market participants. Technology and product innovation are cornerstones of future plans of MSE.
GMEX uses its extensive market infrastructure experience and expertise to create strategic master plans with exchanges, clearing houses, depositories, registries and warehouse receipt platforms. GMEX also has unique global experience in the introduction of new exchange traded products.
This collaboration will develop high impact initiatives in Indian capital markets including
• Product development in existing segments and launching new product categories
• Increased focus on technological innovations
• Market infrastructure development for new products and Project Finance
To add strategic depth to the relationship, proposal envisages a potential equity investment by GMEX in MSE and its subsidiary, Metropolitan Clearing Corporation of India Limited.
Mr. Udai Kumar, MD & CEO at MSE commented, “This collaboration will support the MSE strategy and vision of delivering innovation in products and technology. The new products will enable key objectives to deepen and widen our capital markets and address the growing needs of the economy. GMEX brings proven global expertise and we are excited about the benefits from this collaboration”.
Mr. Hirander Misra, Chairman & CEO at GMEX stated “We are pleased to be working in this key industry initiative with the MSEs Board and Executive Management Team who we find especially forward thinking”. He added, “This approach combined with the advanced business and technology enablement that we bring to the MSE and MCCIL will facilitate new strategic opportunities not only within India but also internationally.”
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Updated List Of Shariah-Compliant Securities By Securities Commission Malaysia's Shariah Advisory Council
Securities Commission Malaysia (SC) today released an updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC).
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BME: MARF Admits To Trading A New Securitisation fund From Santander De Titulización
The Mercado Alternativo de Renta Fija (MARF) has admitted to trading a new synthetic securitisation bond issue with a value of €66.5 million by the Fondo de Titulización PYMES Magdalena. It is the first such issue to be admitted to trading on MARF.
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Wolverine Execution Services Bridges The Gap Between Voice And Electronic Trading
Wolverine Execution Services (WEX), a leading provider of premier technology and execution services to Institutional clients, announced yesterday the launch of “Request For Quote” (RFQ). This new functionality, within the WEX Trading Platform (WTP), will provide a simple and fully electronic workflow, which will mirror the traditional high touch trading. Only available in the WTP, RFQ allows the user to request option quotes for single or multi leg spreads and quickly select one or many liquidity providers to furnish a single or two sided market. Once the request is made, the liquidity provider is immediately notified and can respond with a quote. The firm who responds with the best quote may receive a systematized order from the client allowing them to trade the order using WTP.
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AQMetrics Continues Client Growth With Addition Of Three Top Firms - RegTech Firm Announces Addition Of New Clients In The Investment Management, Hedge Fund And REIT Sectors
Leading RegTech company, AQMetrics, today announced new relationships with Alcova Asset Management LLP, Colchis Capital Management, LP and Hibernia REIT plc. The addition of these three firms demonstrates the Company’s ongoing global growth as an increasing number of companies select AQMetrics’ award-winning technology to help meet their regulatory and compliance needs.
“We are delighted that our advanced technology solutions are being adopted globally by very large PLCs and banks through to small to medium-sized firms,” said Geraldine Gibson, CEO of AQMetrics. “Our goal is to consistently provide best-in-class risk, regulation and compliance services to each one of our clients. We look forward to working with our new customers to help them navigate the changing regulatory and compliance landscape.”
As the regulatory space becomes increasingly complex, AQMetrics continues to introduce new technology and solutions to help organizations mitigate risk and adhere to regulatory requirements. The addition of these three firms represents AQMetrics’ growing reach across various sectors in the financial services industry. Alcova is a multi-strategy quantitative hedge fund based in London. Colchis Capital is a leading investment management firm based in San Francisco and focused on specialty finance lending. Hibernia REIT plc is a Dublin- focused Real Estate Investment Trust listed on the Irish and London Stock Exchanges.
“As our client base continues to expand around the globe, I am especially thrilled to see the growing traction in the U.S following our entry into the market last year,” said Ryan Kipp, Head of Sales, Americas, at AQMetrics. “Colchis is a leading investment management firm here in the U.S. and the addition of this company to our impressive client roster reaffirms our growing stateside presence.”
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B3, Bradesco And Itaú Unibanco Invest In Fintech Company, R3
B3, Bradesco and Itaú Unibanco, jointly with other institutions in the international financial market, have acquired a stake in R3 in the Series A funding round of the same company. R3 successfully raised a total amount of U$ 100 million under this particular funding round, to be used in accelerating the development of DLT technology and its applications.
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Ivory Tower Wonks Help Traders Make a Quick Buck
Profit opportunities exist until researchers publish findings on market inefficiencies. Then they disappear. https://t.co/1PTC33p1aI â moneyscienceâ¦
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