Asia’s global investment bank Nomura has added its algorithmic trading strategies to the BidFX execution management system. Specifically, its five FX algorithmic strategies, known as the Tsuwamono Series, are now available on the BidFX platform.

Each strategy offers a wide range of flexibility on executions based on client requirements and trading preferences.

“Nomura’s FX algorithms provide substantial benefits to clients, with high levels of trading flexibility. We’re pleased that clients can now find our algorithms on BidFX,” Ian Daniels, head of eFX distribution for EMEA and the Americas, has commented on the partnership. 

Roger Lee, BidFX Head of EMEA Sales, has added: “BidFX has had a long-standing relationship with Nomura and it’s exciting to see Nomura extending their integration with BidFX through the addition of their five FX algorithmic strategies. This reflects the tight relationship that our firms share on a global basis and will benefit our existing mutual institutional FX clients with whom we are both engaged.”

Japan-based cryptocurrency exchange Zaif has been hacked, losing a 6.7 billion yen (about $60 million worth of cryptocurrency), including 5,966 bitcoins.
Zaif exchange is one of the major Japanese cryptocurrency exchanges. It is owned by Osaka-based Tech Bureau and licensed by the Japanese regulator Financial Services Agency (FSA).

Tech Bureau reported that after the investigation of the case, it was discovered that hackers have accessed the exchange's hot wallets without any authorization and had stolen around $60 million in bitcoin, bitcoin cash, and MonaCoin (cryptocurrencies worth 4.5 billion yen and 2.2 billion yen from the company funds).
Zaif has stated that their own reserve is currently around 2.2 billion yen (or $20 million). They have made an agreement with a Japan-listed firm Fisco to receive a $44.5 million financial support in exchange for a major share of ownership, so the hacked company will be able to compensate users who lost assets in the hacking.
Japan’s Financial Services Agency has asked Tech Bureau to submit a report on the incident and plans to perform an on-site inspection of the company after receiving the document. Tech Bureau didn’t give further details of how the hack happened, citing a criminal investigation that has been launched into the breach.

Gold-i, a global fintech firm has announced a partnership with a leading technology provider for the financial industry Tradesocio. The main concept of this partnership was the integration of the Matrix, Gold-i’s multi-asset liquidity management and aggregation solution, into Tradesocio’s Marketplace. There are some other Gold-i products that have been added, including its risk management and business intelligence tool, Visual Edge.

Tradesocio offers trading and investment management platforms to financial institutions worldwide and provides a secure and transparent trading environment with real-time reporting and reliable risk management for investment banks, fund or asset managers and investment advisors. It enables both financial organisations and investors to benefit from a single view of their net asset value, equity and risk exposure in real-time.

Tom Higgins, CEO at Gold-i stated, “Partnering with Tradesocio extends Gold-i’s offering to investment banks and fund and asset managers, and enables Tradesocio’s clients to benefit from Gold-i’s innovative products. Tradesocio has built an impressive platform for financial institutions worldwide and we look forward to working with them and their clients.”

Wael Salem, CEO at Tradesocio added, “Gold-i is one of the few companies out there that deliver consistently reliable products to all their clients, and we are very pleased to have formed this partnership. We have been impressed by Gold-i’s continual focus on driving the market forward, specifically in terms of their multi-asset liquidity management solutions. In particular, we believe our clients will benefit from their ultra-low latency smart routing products and direct connections to high-quality multi-asset Liquidity Providers. Both Gold-i and Tradesocio take great pride in ongoing innovation and high service levels – there are a lot of synergies in our partnership.”

Sheffield United unveiled the largest-ever commercial transaction in the club's history. 

The Australian headquartered global multi-asset broker, USG, has agreed on a three-year term Premier League principal partnership with the Blades to become front of shirt and sleeve sponsor. It is a significant financial boost recognizing United's place at the highest level of the English game which has a global audience of over three billion through television, online and social media.

United's CEO, Stephen Bettis, said: "We are really excited to have USG on board as we begin our journey back in the Premier League. Having an international sponsor on board shows just how far the club has come both on and off the pitch"

USG Chief Executive, Shay Zakhaim, said: "We are honoured to have a partnership with a club with such a rich tradition and history. We are excited to be at beginning of a new chapter in the club's story. United and the Premier League offer worldwide exposure for our business and that is something we are very keen to embrace."

USG has recently been crowned Best APAC Region Broker - 2019 by ADVFN International Financial Awards and Best Execution Broker - 2019 Australia by The European Global Business Awards.

USG is a multi-award winning, FX & CFD broker, enabling clients worldwide to trade currency pairs, indices and commodities in premium trading conditions. Headquartered in Sydney, Australia, USGFX is regulated by the Australian Securities and Investment Commission (ASIC). You can read our full USG review here.