Finance Magnates

Finance Magnates | October 10, 2016

American brokerage GAIN Capital Holdings, Inc. (NYSE: GCAP) has released its metrics for the month ending September 2016, showing a strong recovery in trading volumes after the sharp slump it suffered in August....

Finance Magnates | October 10, 2016

Elixium, a regulated Multilateral Trading Facility (MTF) for collateral and secured deposits, has announced the execution of its first collateral financing transaction between buy-side collateral and liquidity providers. As cash management agent, Citibank executed on behalf of CME Clearing Europe, while Insight Investment executed on behalf of a UK Pension Fund. The trade took place on 6 October....

Finance Magnates | October 07, 2016

The CFTC’s Division of Market Oversight extended the no-action relief which was granted to swap execution facilities (SEFs) from certain ‘occurs-away’ requirements in the definition of block trades.The latest no-action relief permits SEFs to execute block trades on SEF’s trading systems and platforms until the relief expires....

Finance Magnates | October 07, 2016

Sterling trading has been erratic all day long with rapid swings defining a 250 pips range during the London trading session in cable, with EUR/GBP swinging within 200 points. The Bank of England has announced that the so called ‘flash crash’, which is a term to describe abrupt market moves for no apparent reason, is under investigation....