FinecoBank launches free trading on equity CFDs

FinecoBank today announces the launch of zero-commission trading, with no added spreads, on thousands of equity CFDs. With the new business model, the European-headquartered bank is offering commission-free trading at a premium level in the UK market, reaching beyond existing platforms to cater for professional and serious traders. The offering will provide customers trading at the same price as the stock exchange, with no spread, commission or... more Read more »

Saxo Bank’s most traded Q1 stocks: Tesla took investors for a ride

After a slow climb in January, the covid-19 pandemic flushed all profits down the drain in a matter of weeks. This was mostly personified by Tesla’s Q1 rollercoaster, going from a short squeeze which sparked a 50% increase in the stock price to being hit by the covid-19 lockdown, which made it drop back to where the year started. Following a fantastic year in 2019, the market took a tumble in the first months of 2020. This resulted in a 24% drop... more Read more »

TONIK raises $6M VC round led by Insignia, Credence

TONIK Financial Pte Ltd (“TONIK”) announced today that it closed a $6M round of equity funding.  The round was led by regional VC investors Insignia Ventures Partners and Credence Partners, with a significant participation from regional family offices and angel investors.   TONIK will use the funding to launch its digital bank in the Philippines, targeting the start of commercial operations in Q3 2020.  Read more »

FIX Trading Community Introduces Improvements to the FIX Protocol According MiFID II and MiFIR Requirements

FIX Trading Community, the non-profit, industry-driven standards body at the heart of global financial trading, today announced the publication of a document detailing extensions to the FIX Protocol to meet the requirements of MiFID II and MiFIR. The FIX Global Technical Committee has approved these changes and these are now available to use within the industry. Read more »

Eurobank Group goes live with Catalys by Itiviti

Itiviti, a world-leading technology provider for the capital markets industry, today announced that Eurobank Equities Investment Firm SA, the brokerage arm of Eurobank, one of the largest Greek banks, has selected the next generation FIX Engine Catalys by Itiviti to support transactional needs and VeriFIX by Itiviti for automated testing, including implementation by Itiviti Professional Services. Read more »

Fidessa’s Asian Trading Platform Wins New Client

Tokai Tokyo Securities (Asia) Limited, a wholly-owned subsidiary of Tokai Tokyo Financial Holdings, Inc., has gone live in Hong Kong with Asian trading platform from Fidessa group plc as a fully outsourced service. Read more »

TickVault Accumulates All Stock Trading Activity for National Bank of Canada

TickSmith’s TickVault Platform was recently implemented for use by National Bank of Canada. Based on Hadoop technology, TickVault accumulates and rebuilds all Canadian stock trading activity and is used for post-trade analysis and back testing. Read more »

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