INTL FCStone’s London-based subsidiary, INTL FCStone Ltd, has executed a sale and purchase agreement to acquire GIROXX in Frankfurt, Germany. Closing is conditional upon BaFin approval.Through its digital platform, GIROXX provides online payment and foreign exchange hedging services to small
Counterparties using the triReduce CLS FX compression service have eliminated USD9.1 trillion of gross notional value from their FX forward portfolios in 2019. A new record for the service, this equates to an annual increase of 71 per cent. In
– Uncertainty still looms for commodities-focused strategies as Middle East tensions resurface – The deadly missile strike against Iranian general Qassem Suleimani at Baghdad Airport on 3 January elevated oil prices amid immediate concerns over renewed conflict in the region.
EEX Group achieved major increases in all territories and across the majority of its portfolio in 2019 with double digit growth on its power and natural gas markets and with triple digit growth recorded on its freight markets.Peter Reitz, CEO
The managed futures industry closed the year with a second consecutive profitable month and rose 0.20 per cent in December, according to the Barclay CTA Index compiled by BarclayHedge, a division of Backstop Solutions. For the full year, CTAs returned
London-based Beauchamp Financial Technology (BFT), this week launched OrderManager, its software programme for fund managers. OrderMana
FeedStock, an AI-driven SaaS business that leverages the latest natural language processing technologies to enable financial services companies to meet both their compliance requirements and commercial goals, has secured a GBP2.5 million investment in a funding round led by Praetura
Dresdner Kleinwort Wasserstein (DrKW) has launched its initial warrants product range to coincide with the new UK Covered Warrants market, which will be launched by the Lond
Rational Funds has launched the Rational/Pier 88 Convertible Securities Fund (PBXIX), a converted hedge fund, which employs the same management team and investment strategy as its predecessor.
Evallon Global Investment, a New York and Hong Kong-based asset manager and alternative investment solutions provider, is making its alternative investment offering available for qualified investors from January 2020 onwards. Initially reserved for institutional investors, Evallon’s alternative platform is focused on
