Superior Liquidity, Dark Trading and Mega Investment – Best of the Week

Thomson Reuters FX, Fastmatch, and Divisa Capital are among the companies that appeared in the week's top stories.

During the passing week the top news in the international online trading industry included mainly major financial institutions, but also one scammer with a lot of chutzpah.

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Divisa Capital

On Monday the news broke that institutional foreign exchange and CFDs liquidity provider Divisa Capital raised an additional $100 million to expand its business. The main investor in the company is a Saudi Arabian family office that provided $70 million.

Following the shocking announcement, Mushegh Tovmasyan, CEO of Divisa Capital, shared his insights in an interview with Finance Magnates. He talked about how they found the investors, why the time to raise capital is now and their plans for the money.

Fool me once…

On Tuesday we reported about the MerexMarkets forex scam, after Abdalrahman Alimari, the jailed founder and CEO, has asked the court to be granted conditional bail to activate the license of his company so that he can pay back the victims’ monies.

One of the lawyers representing the victims before the Financial Court in Cairo told Finance Magnates that the waiting game had already begun since Abdalrahman was arrested in 2015. “I had a feeling someone as terrible as Omari wouldn’t settle for sitting back with all the money he’s already taken.”

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On Wednesday Fastmatch launched a new dark trading venue called Midmatch, Finance Magnates confirmed with the company’s CEO Dmitri Galinov. The firm is introducing the new mid-point dark pool to address the needs of specific clients that are willing to exchange their inventory without moving the market.

Commenting on the different rules in place on Midmatch, Galinov elaborated: “Once clients participate on Midmatch, they have to trade with everybody on the venue. This contrasts with Fastmatch where clients can choose which counter parties to trade with.”

Superior Liquidity

On Thursday Thomson Reuters, announced that Japanese bank Mizuho has integrated the company’s next generation FX desktop, FX Trading (FXT), into its trading workflows.

Michael Go, Head of FX Market Development, Asia Pacific at Thomson Reuters, said: “We are proud of Mizuho’s selection of FXT, which highlights Thomson Reuters achievements and progress in the foreign exchange space. As a highly effective and comprehensive ecosystem of Thomson Reuters FX solutions, FXT allows market participants to access superior FX liquidity, manage trading risks and connect seamlessly with the global FX community.”


On Friday we published an analysis – Why ‘Brexit Means Brexit’ Is Not That Bad for Brokers.

Caught in between the arms-twisting race between the UK government and big banks, the UK brokerage industry is one that is fearing the worst for its operations. The firms targeting EU clients will have to seek separate EU regulation, since May said that a Switzerland or Norway option is out of the question.

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