RSRCHXchange survey reveals MiFID II is driving global standarts for research unbundling LeapRate

June 13, 2018 BY Valentina Kirilova

RSRCHXchange survey reveals MiFID II is driving global standarts for research unbundling

RSRCHXchange, the marketplace and aggregator for institutional research, has just released headlines from the results of their latest survey on research unbundling which came into effect on January 3rd 2018 across Europe as part of MiFID II. The survey was conducted in Q2 2018 by polling company Survation, who canvassed the views of 418 respondents…

June 13, 2018 BY Valentina Kirilova

Merrill Lynch charged for failure to supervise RMBS traders

The Securities and Exchange Commission (SEC) announced that Merrill Lynch, Pierce, Fenner & Smith Inc. will pay more than $15 million to settle charges that its employees misled customers into overpaying for Residential Mortgage Backed Securities (RMBS). Merrill Lynch agreed to repay more than $10.5 million to its customers and to pay penalties of approximately…

June 13, 2018 BY LeapRate Staff

Exclusive: Hirose UK 2018 revenues drop 36% in shift from Binary Options to B2B Forex

LeapRate Exclusive… LeapRate has learned via regulatory filings that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo Inc (TYO:7185), saw its Revenues tumble 36% in Fiscal 2018 (year ended March 31, 2018) to just £317,000, down from £496,000 last year. That follows a 47% revenue decline last year in…

June 13, 2018 BY Mariela Naydenova

What's so good about Bitcoin's falling price?

Bitcoin has taken yet another hit. Its price tumbled below $6,500 in just a matter of days. While in December, 2017, Bitcoin was trading above $19,500 per coin on the largest exchanges in the world, that quickly changed and now, for a second time, the "people's currency" is taking a cut of almost 50% of…

June 13, 2018 BY Mariela Naydenova

Why did Coinbase choose Ethereum Classic over other cryptocurrencies?

Coinbase has just added another cryptocurrency under its belt - Ethereum Classic. Since today, users will already be able to trade and store ETC in Coinbase. The interesting thing to note, however, is why Coinbase decided to add that particular cryptocurrency to its products. As CCN noted, ETC is currently well behind in market capitalization…

June 12, 2018 BY LeapRate Staff

ADS Securities hires former ICAP CTO Emmanuel Coulon as Head of IT

Abu Dhabi based financial services firm ADS Securities (ADSS) has announced the appointment of Emmanuel Coulon as its new Head of IT, reporting into CTO Philippe Velay. Mr. Coulon will work out of the ADSS head office in Abu Dhabi with a remit to continue the development of the firms market leading trading applications. Emmanuel…

June 12, 2018 BY Valentina Kirilova

Global exchange revenues hit record $30.7 billion in 2017

Global exchange revenues totaled a record $30.7 billion in 2017, increasing by 8.1% as resurgent trading, clearing and settlement revenue supported industry growth according to Burton-Taylor International Consulting (a division of TP ICAP’s Data & Analytics group) in a report published today. London Stock Exchange Group (LSE) and Hong Kong Exchanges and Clearing (HKEX) drive…

June 12, 2018 BY Valentina Kirilova

GECKO Governance launches compliance solution for ICO market

GECKO Governance, the RegTech regulatory solution for financial compliance, has just announced the launch of a new compliance solution, GECKO Crypto1, following approval by the Isle of Man Financial Services Authority. Managing ICO governance and compliance for every jurisdiction, GECKO Crypto1 will offer enhanced levels of transparency and accountability to platform-users within the blockchain industry.…

June 12, 2018 BY LeapRate Staff

Why did GAIN Capital sell GTX to 360T? A conversation with CEO Glenn Stevens

The name GTX has been associated for years with parent GAIN Capital Holdings Inc (NYSE:GCAP). And so the news late last month of GTX being sold for $100 million to Deutsche Boerse AG's 360T unit came of something of a surprise to many in the FX world - especially as GTX just announced its best-ever month for…

June 12, 2018 BY Valentina Kirilova

Gambio launches Global Alliance of Merchants on the Blockchain

E-commerce giant Gambio has just announced that it is launching GAMB, the Global Alliance of Merchants on the Blockchain. Employing distributed ledger technology to decentralize online retail, GAMB is a digital marketplace, powered by the merchants. The platform will benefit from Gambio’s more than 25,000 active stores in more than 75 countries, totaling billions in…