The institutional unit of FXCM Group, FXCM Pro, announced its has teamed up with trading technology provider Tradesocio. The two companies collaborated to provide banks, brokers, asset managers and other buy-side institutions with a full fintech solution that combines Tradesocio’s digital investment and trading technology with FXCM Pro’s institutional liquidity and global scale. Tradesocio’s client base in New York and London will gain access to FXCM Pro’s institutional liquidity and in return, FXCM Pro’s clients can use Tradesocio’s customisable trading technology, providing automated and fast track investing for its clients.
FCA regulated Playtech subsidiary, CFH announced additions to its Bullion offering. It now covers a list of synthetic instruments based on the underlying Loco London gold offering in responds to market needs in Australia, Singapore, China, Hong Kong, UAE and Turkey. The offering provides a convenient way for clients to hedge gold positions quoted in different weight units and local currencies. The additions to the offering cater to the niche but growing requirements from bullion traders who receive gold trades from end clients denominated in grams or taels. CFH has added contracts to their bullion offering including gold in teal against Hong Kong dollar, gold in grams against USD and Gold in grams against CNH.
Global clearing house LCH announced that European Investment Bank (EIB) is the first supranational institution to join LCH SA’s RepoClear service as a clearing member. EIB will now be able to directly access LCH’s tri-party basket repo clearing service €GCPlus. Clearing €GCPlus allows its members to enlarge and advance their capital and operational efficiencie, as well as better manage their euro cash liquidity. EIB will not only be clearing €GCPlus but will also be able to extend its access to LCH SA’s RepoClear service offering clearing for bond and repo trades across 13 European markets.
Deutsche Börse announced the trading volumes for Eurex and EEX for June 2020. Eurex reported a growth of 66.1% of European equity index derivatives contracts turnover with 111.8 million for June 2020, compared to 66.1 million for the previous month. The volumes of European equity index derivatives were 29 million. Overall, June volumes at Eurex stood at 192.1 million, 57.7% up MoM compared to 121.8 million in May 2020.
Deutsche Börse launched online analytics platform A7. It is an addition to Deutsche Börse’s 7 Market technology series. The platform provides access to Eurex and Xetra order-by-order historical market data in nanosecond granularity within an easy-to-use environment, providing insights into market situations and microstructures. The platform also offers direct access to advanced analytics based on Deutsche Börse’s comprehensive market data to help clients maximize their trading efficiency and alpha generation and in developing and testing execution algorithms, among other use cases.
Exchange holding company Cboe Global Markets, Inc. reported June 2020 volumes, with the fluctuations in the market in previous months having settled down. Options ADV up 11.2%, Futures up 37.3%, US Equities rose up 6.5% and Global FX grew 10.4% compared to the previous month. Cboe EDGX Options Exchange monthly ADV registered more than one million contracts, marking a new all-time monthly high for June.
Integral released its trading volumes report for June 2020. The FX technology provider reported stability in last months numbers with month over month growth in volumes compared to the declines from the last few months. The average daily volumes (ADV) across Integral platforms totaled $35.1 billion in June, registering a 7.7% MoM increase compared to May volumes. However, the numbers are 3.6% down compared to the same period in 2019.
Euronext, the pan-European exchange in the Eurozone, released its trading volumes for June 2020. The total cash market reached EUR 244,406.7 in June, 34.5% MoM increase compared to EUR 181,728.3 in May. ADV cash market reached 11,109.4 up by 22.3% compared to May. Euronext FX, formerly FastMatch, registered $484 billion volume (up 18.3% MoM from May’s $409 billion), considering the 22 trading days last month. Euronext’s volumes increased 25.8% YoY from over $385 billion for the same period last year.
The Russian market operator Moscow Exchange Group (MOEX) reported a RUB 72.9 trillion in trading volumes, up by 20.3% MoM (RUB 60.6 trillion in May 2020). All sections of the market registered growth in June, compared to the previous month when they were all in decline. The Money Market led with 23.5% MoM growth, the Derivatives Market followed with 21% MoM. FX Market grew by 19% MoM and Equity by 14.4% MoM.
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