The London based FinTech firm specializing in emerging currencies (Real, Rand, Rupee, Rouble, RENMINBI), R5FX combines the benefits of both exchange and OTC models for this sector of the global FX market.
Deutsche Börse AG today announced the purchase of a minority stake in R5FX Ltd., a London-based FinTech firm specializing in emerging currencies and Non-Deliverable Forwards, for an amount in the single-digit millions of British pounds.
R5 is focusing on developing a new interbank Liquidity pool for eNDFs and EMFX. It has been designed by and for the banks in order to optimize price and liquidity discovery. Its electronic platform is said to combine the benefits of both exchange and OTC models for this growing sector of the global FX market. The company reportedly signed letters of intent with over twenty bank clients to join the venue and anticipates going live at the end of Q1 2015.
The planned new venue is a direct response to the market change from voice to screen trading in the BRICS (Brazil, Russia, India, China and South Africa) and other emerging currencies. Regulation such as Dodd-Frank and EMIR require FX trading banks to change their current practice in the search for better liquidity, credit efficiency and the benefits of electronic trading. This expected shift is based, among other changes, on the regulatory requirement for better oversight and to clear NDF contracts in the near future.
Speaking with Forex Magnates about the importance of Deutsche Börse minority stake for R5, the Founder and CEO of the firm, Jon Vollemaere said:"Deutsche Börse helps us greatly with their global reach and the market confidence they provide to R5. It's a very good match indeed "
“We are extremely pleased to announce this investment from such a strategically important partner and view this as a clear endorsement of our vision and business model. By leveraging our collective strengths, and working with our bank supporters, we intend to establish R5 as one of the most significant participants in the increasingly changing FX environment," explained Mr. Vollemaere.
“Our investment in R5 highlights our focus on using innovation to drive our growth whilst expanding our footprint in the changing FX market place. Deutsche Börse has already developed partnerships with start-ups and has simultaneously invested into exchange infrastructure in a number of developing countries in the recent past. These investments are complementary to developing our wider footprint in the global financial market place," said Brendan Bradley, Chief Innovation Officer and member of the Eurex Executive Board.
R5 has explained that the need for its service comes from the fact that EMFX trading represents a $80-120 billion turnover per day, but it concentrates in Singapore, Hong Kong, London and New York, not the emergency markets themselves. Electronic EMFX trading has seen a 300 percent increase in the last twelve months necessitating an improvement in the channels used to communicate and execute transactions between those markets and traditional financial centers.
Deutsche Börse AG today announced the purchase of a minority stake in R5FX Ltd., a London-based FinTech firm specializing in emerging currencies and Non-Deliverable Forwards, for an amount in the single-digit millions of British pounds.
R5 is focusing on developing a new interbank Liquidity pool for eNDFs and EMFX. It has been designed by and for the banks in order to optimize price and liquidity discovery. Its electronic platform is said to combine the benefits of both exchange and OTC models for this growing sector of the global FX market. The company reportedly signed letters of intent with over twenty bank clients to join the venue and anticipates going live at the end of Q1 2015.
The planned new venue is a direct response to the market change from voice to screen trading in the BRICS (Brazil, Russia, India, China and South Africa) and other emerging currencies. Regulation such as Dodd-Frank and EMIR require FX trading banks to change their current practice in the search for better liquidity, credit efficiency and the benefits of electronic trading. This expected shift is based, among other changes, on the regulatory requirement for better oversight and to clear NDF contracts in the near future.
Speaking with Forex Magnates about the importance of Deutsche Börse minority stake for R5, the Founder and CEO of the firm, Jon Vollemaere said:"Deutsche Börse helps us greatly with their global reach and the market confidence they provide to R5. It's a very good match indeed "
“We are extremely pleased to announce this investment from such a strategically important partner and view this as a clear endorsement of our vision and business model. By leveraging our collective strengths, and working with our bank supporters, we intend to establish R5 as one of the most significant participants in the increasingly changing FX environment," explained Mr. Vollemaere.
“Our investment in R5 highlights our focus on using innovation to drive our growth whilst expanding our footprint in the changing FX market place. Deutsche Börse has already developed partnerships with start-ups and has simultaneously invested into exchange infrastructure in a number of developing countries in the recent past. These investments are complementary to developing our wider footprint in the global financial market place," said Brendan Bradley, Chief Innovation Officer and member of the Eurex Executive Board.
R5 has explained that the need for its service comes from the fact that EMFX trading represents a $80-120 billion turnover per day, but it concentrates in Singapore, Hong Kong, London and New York, not the emergency markets themselves. Electronic EMFX trading has seen a 300 percent increase in the last twelve months necessitating an improvement in the channels used to communicate and execute transactions between those markets and traditional financial centers.
Institutional FX Demand Continues to Climb in April
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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