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Icap Launches CNH Benchmark EBS BrokerTec and Icap Information Services (IIS) have launched EBS CNH Benchmark, the first fully electronic, trade-backed reference rate for the offshore Chinese renminbi (CNH) market, according to Icap. The benchmark is published daily at 16:30 Beijing/8:30 GMT, and is timed ...
EBS Volumes Down YoY in June, but up MoM on Brexit Icap’s EBS average daily volumes (ADV) were down 3% year-on-year in June, standing at $97.4 billion, the firm reports. However, volumes were up sharply on a month-on-month basis in June, rising by 29% compared to May. The movement was partially driven by ...
Brexit Vote Boosts FXSpotStream Volumes to Record High FXSpotStream (FSS) is the latest multibank FX platform to report record trading volumes following the spike in activity caused by the UK’s referendum decision to exit the European Union. In June, FSS recorded a new all-time service record for ...
FastMatch Hits New High as First Platforms Volumes Released The first three platforms to confirm data for June show that FX volumes rose across the board driven, of course, by activity around the UK’s vote on European Union membership. FastMatch recorded average daily volume (ADV) of $16.1 billion in ...
EBS BrokerTec Expects RMB’s Full Liberalisation by 2018 The path to full liberalisation of China’s currency, the RMB might be complete by 2018, with the offshore and onshore markets set to eventually merge, EBS BrokerTec is forecasting. "We expect the onshore and offshore (Chinese currency) markets to merge ...
Icap, Tullett Offer Changed Deal Terms to Avoid Investigation Icap and Tullett Prebon have offered to change the terms of the proposed acquisition of Icap’s voice/hybrid broking business by the latter in order to avoid an in-depth investigation from the UK’s Competition and Markets Authority (CMA). ...
RJ O’Brien Europe Pares Two from Listed FX Business John Burt and Peter Jerrom, senior vice presidents in the listed FX business at RJ O’Brien Europe, have departed the firm, a spokesperson confirms. Sources indicate that the pair were let go despite only joining the firm in April ...
CFETS to Open New York, London Branches China’s Foreign Exchange Trade System (CFETS) is to open branches in London and New York in a bid to become “a main trading platform and pricing centre” for the yuan at a global level. According to a Reuters’ report, ...
Leverage – The Weakest Link

16:48 June 3rd 2016 in News, Brokers

Leverage – The Weakest Link

Barely a week after trading was halted at UK-based proprietary trading firm Futex, another London-based company was, according to sources, out touting for fresh business by offering clients 300:1 leverage. The firm involved has apparently unveiled a new ECN offering and ...
ADS Unveils Prime-of-Prime Offering ADS Securities has today launched its prime-of-prime product, which provides prime brokerage services to clients who do not have an FX prime broker, or need additional credit lines to access either ADS liquidity, or their own liquidity, and execute anywhere ...