CLS launches PvP settlement service for cleared FX derivatives
July 11, 2018 BY Valentina Kirilova

CLS launches PvP settlement service for cleared FX derivatives

CLS, a market infrastructure group delivering settlement, processing and data solutions, has today announced the launch of CLSClearedFX ─ the first payment-versus-payment (PvP) settlement service specifically designed for over the counter (OTC) cleared FX derivatives. The service will enable central counterparties (CCPs) and their clearing members to safely and effectively mitigate settlement risk when settling…

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Marios Antoniou INFLYX
July 11, 2018 BY LeapRate Staff

INFLYX CRO Marios Antoniou on risk management, liquidity, and more

LeapRate Exclusive Interview... As competition in the Retail FX space becomes more fierce, as clients start to trade more cryptocurrencies, and as regulators place more limitations on the sector, dealing properly with issues such as risk management and liquidity can often make the difference between success and failure (or even survival) for brokers. So it…

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Thomson Reuters and SAP to simplify pricing of cross-border transaction costs on SAP’s cloud platform
July 11, 2018 BY Valentina Kirilova

Thomson Reuters and SAP to simplify pricing of cross-border transaction costs on SAP’s cloud platform

Information giant Thomson Reuters (NYSE:TRI) has just announced the expansion of its strategic partnership with SAP (NYSE:SAP) to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens. The new SAP Cloud Platform-based solution, called SAP Market Rates Management, offers out–of-the-box connectivity to comprehensive pricing and reference data…

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FCA warning
July 11, 2018 BY Valentina Kirilova

FCA warns against Trade WFX firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Trade WFX. Trade WFX is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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ASIC office
July 11, 2018 BY Valentina Kirilova

ASIC accepts court enforceable undertaking from CBA

Commonwealth Bank of Australia (CBA) informed that it has entered into a court enforceable undertaking with Australian regulator ASIC in relation to their bank bill trading business and their participation in the setting of the Bank Bill Swap Rate (BBSW), a key benchmark and reference interest rate in the Australian financial system. As part of…

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alpha fx group plc lse listing
July 11, 2018 BY LeapRate Staff

Alpha FX sees 50% revenue growth in 1H-2018 to £9.6 million

After posting 60% revenue growth last year, UK-based foreign exchange service provider Alpha FX Group plc (AIM:AFX) has issued a strong Trading Update for the six month period ended June 30, 2018. The company stated that it is pleased to report that revenue for the period is expected to be approximately £9.6 million (USD $12.7 million),  representing…

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Bitcoin
July 10, 2018 BY Mariela Naydenova

HyberBitcoinisation - $100m per coin

Bitcoin is currently priced at around $6,490 according to several major cryptocurrency exchanges. The "people's currency" took major hits in the past few weeks, dropping even below $6,000, when in December 2017, the coin was hitting $20,000 on a weekly basis for a short period of time. Despite the fluctuation, however, positivity on Bitcoin's future…

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