Traders Magazine
0 Shares
Foreword by Matthew Reid, Product Manager, Director of SimCorp’s Order Manager solution.
Matthew Reid, Simcorp
With its far-reaching remit, MiFID II reshaped European institutional financial markets, with a series of measures that sought to address and improve Over The Counter (OTC) market transparency. Following the third anniversary of this landmark regulation, we take a look at the subsequent impact on the Foreign Exchange (FX) market, including rapid electronification, which has seen FX become one of the world’s most electronically traded asset-classes.
With an average of 80% of global transactions traded electronically, the FX market covers a number of instruments from Deliverable and Non-Deliverable FX forwards and Swaps, FX Options, and other FX derivatives, all of which come under the MiFID II instrument classification. Since 2018 and instigated by the European regulation, FX desks have made the move from a heavily manual order an
Press release content from Business Wire. The AP news staff was not involved in its creation.
Protego Trust Bank N.A. Gets Conditional Approval for OCC Charter
February 5, 2021 GMT
SEATTLE (BUSINESS WIRE) Feb 5, 2021
Protego Trust Bank N.A. ( protegotrust.com ), a new kind of bank designed and built specifically for institutional clients seeking opportunities within the world of digital assets, announced today that it has received conditional approval from the Office of the Comptroller of the Currency. The new federal charter will allow Protego to convert from a Washington State chartered trust company into a nationally chartered trust bank and will enable Protego clients nationwide to hold, trade, lend and issue digital assets.
Shares of Firstsource Solutions rose 11 per cent and hit an over decade-high of Rs 88.70 on the BSE on Thursday, surging 24 per cent in the past three days, after the firm acquired PatientMatters, a healthcare Revenue Cycle Management (RCM) solutions provider. The stock was trading at its highest level since January 2008. Besides, it is 5 per cent away from its all-time level of Rs 93, touched on May 15, 2007. At 12:56 pm, the stock was trading 10 per cent higher at Rs 87.55 on the BSE on the back of heavy volumes. In comparison, the S&P BSE Sensex was up 0.61 per cent at 46,725 points. Trading volumes on the counter jumped an over four-fold as nearly 14 million equity shares had changed hands on the NSE and BSE till the time of writing of this report.