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Central banks and gold
March 5th, 2017
The very near future is likely to see a sea-change in central bankers’ attitude to the gold allocation in their reserves. The failure of G20 monetary policy since the financial crisis is causing a general rethink, which may eventually ...
JPMorgan deploys software to reduce legal contract work
March 3rd, 2017
The bank has created software which reviews deals in seconds – a task that took lawyers some 360,000 hours every year. JPMorgan Chase introduced the software, COIN, for Contract Intelligence, to interpret commercial loan agreements that, until the project ...
CME Group Reached Average Daily Volume of 18.4 Million Contracts in February 2017
March 3rd, 2017
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that February 2017 average daily volume (ADV) reached 18.4 million contracts, down 1 percent from a strong February 2016. CME Group February 2017 options volume averaged 3.8 ...
SIX Swiss Exchange reports trading turnover of CHF 228.5 billion since the start of the year
March 2nd, 2017
Trading turnover of CHF 228.5 billion since the start of the year (-2.8% year-on-year) Total trades in the year to date 8,178,660 (-16% year-on-year) Average trading turnover per day of CHF 5.6 billion In the first two months of ...
Mobile payments in China exceed US$1tn in one quarter
March 2nd, 2017
China’s Third-party Mobile Payments Size Hit RMB9,041.9 Billion(US$ 1314.23 billion) in 2016 Q3 In 2016 Q3, China’s third-party mobile payment market reached RMB9,041.9 billion in size, a jump of 20.5% quarter on quarter, shows the Quarterly Monitoring Report on ...
How fake smartphones affect the sales of smartphones; Billions lost
March 2nd, 2017
A new report from the European Union Intellectual Property Office (EUIPO), in collaboration with the International Telecommunication Union (ITU), estimates that 184 million fewer smartphones were sold by the legitimate industry in 2015, due to the presence of counterfeit ...
Investment in Australian fintech reached a record level
March 2nd, 2017
Investment in Australian fintech reached a record $656 million in 2016, more than triple the $185 million invested in 2015, according to a report by professional services firm KPMG. This equates to an annual average growth rate of around ...
Turnover at Deutsche Börse’s cash markets at €109.0 billion in February
March 2nd, 2017
Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €109.0 billion in February (February 2016: €130.7 billion). Of the €109.0 billion, €97.8 billion were attributable to Xetra (February 2016: €120.7 billion). The ...
Bank of Israel keeps the interest rate unchanged
February 28th, 2017
Inflation data: The Consumer Price Index for January declined by 0.2 percent, in line with the average of forecasters’ projections. There were seasonal declines this month in the clothing and footwear component (9.2 percent), in the housing component (0.5 ...
Gain Capital Successfully Transfers Former FXCM U.S. Retail Customers To FOREX.com
February 28th, 2017
GAIN Capital Holdings, Inc. (NYSE: GCAP) (“GAIN” or “the Company”), a global provider of online trading services, announced that it has successfully migrated the former customers of FXCM‘s U.S. business to GAIN’S retail brand FOREX.com (www.forex.com). Over the weekend, GAIN ...
