News Centre

Convergex Enhances Darkest Algorithm By Adding Greater Flexibility

Date 08/06/2016

Convergex, an agency-focused global brokerage and trading related services provider, is pleased to announce that it has enhanced the configuration options in Darkest, its liquidity-seeking algorithm, to provide greater flexibility, block-trading functionality and enhanced anti-gaming tools when trading in European dark pools. Convergex's Darkest algorithm is designed to dynamically source non-displayed liquidity from Regulated Markets, MTFs and broker-crossing networks, while maintaining anonymity. Darkest's proprietary methodology monitors liquidity conditions on an ongoing basis and adjusts its attributes to take advantage of the liquidity opportunities that are available.

CME Group And CloudMargin Collaborate To Deliver An Integrated Collateral Management Service For Cleared And Non-Cleared Margin

Date 08/06/2016

CME Group, the world's leading and most diverse derivatives marketplace, and CloudMargin, the award-winning collateral management provider, today announced they have collaborated to offer CME Clearing and CME Clearing Europe customers the first cloud-based software service that integrates and automates the management of collateral in one place. This allows market participants access to a consolidated view across their complete collateral inventory that they can utilize for both cleared and non-cleared derivatives transactions at any given time.

FairFX Expands Its Services Into South Africa

Date 08/06/2016

FairFX, the FinTech low-cost multi-currency payments service, has extended its international payments service into the domestic South African market through a tripartite agreement with Morgan West Ltd and Mercantile Bank.

Tokyo Stock Exchange - Approval Of Initial Listing (TOKYO PRO-BOND Market): List JPY-Denominated Foreign Bond On TOKYO PRO-BOND Market With Value Of JPY 8 billion (Banco Latinoamericano De Comercio Exterior, S.A.)

Date 08/06/2016

Today, Tokyo Stock Exchange approved a JPY-denominated bond with a total value of JPY 8 billion (tenor: 3 years, coupon: 0.46%) from Banco Latinoamericano de Comercio Exterior, S.A. for listing on the professional-oriented TOKYO PRO-BOND Market.

MoU Between UAE's Securities And Commodities Authority And Bahrain's Accounting and Auditing Organization For Islamic Financial Institutions To Improve Professional Performance And Raise Awareness Of Financial Products

Date 08/06/2016

The Securities and Commodities Authority (SCA) entered into an MoU with the Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to exchange expertise and bolster mutual cooperation in the field of accounting and auditing standards. H.E. Dr. Obaid Al Zaabi, Acting CEO of SCA, signed the MoU with Dr. Hamed Hassan Merah, Secretary General of the AAOIFI.

Monetary Authority Of Singapore To Improve Access To Crowd-funding For Start-Ups And SMEs

Date 08/06/2016

The Monetary Authority of Singapore (MAS) announced today that it will make it easier for start-ups and Small and Medium Enterprises (SMEs) to access securities-based crowd-funding (SCF) in two ways.

Japan's Financial Services Agency: The Second Meeting Of The Panel Of Experts On FinTech Start-ups

Date 08/06/2016

The Panel of Experts on FinTech Start-ups will hold its second meeting on June 14th, 2016 as follows.

The meeting is open to the public.

ASIC Consults On A Regulatory Sandbox Licensing Exemption

Date 08/06/2016

ASIC today released a consultation paper on proposed further measures to facilitate innovation in financial services, including a regulatory sandbox licensing exemption.

DME: Oman Crude Oil Price Up Around 100% From January 2016 Lows

Date 08/06/2016

The price of Oman crude oil on the Dubai Mercantile Exchange has increased around 100% from the multi-year lows set during January, as the upwards momentum continued.

Remarks Of CFTC Chairman Timothy Massad Before The CCP12 Founding Conference And CCP Forum, Shanghai, China

Date 08/06/2016

Thank you so much for that warm introduction.

I want to thank CCP12 Chairman Lee Betsill and XU Zhen, Chairman of the Shanghai Clearing House’s Board of Directors, for inviting me. I would also like to acknowledge Deputy Governor Pan Gongsheng from the PBOC who is also the head of SAFE, the State Administration of Foreign Exchange; and Ji Zhihong, the Director General of the PBOC Financial Market Department -- and all the other officials and distinguished guests who are here with us today.