Market maker Virtu hires Evercore and Deutsche Bank veteran Pete Candler for execution services LeapRate

May 02, 2018 BY Valentina Kirilova

Market maker Virtu hires Evercore and Deutsche Bank veteran Pete Candler for execution services

Virtu Financial, Inc. (Nasdaq:VIRT), a technology enabled global market maker, has just announced that it hired Pete Candler to help develop and grow its execution services business. Virtu, an electronic market maker and execution service provider, offers its execution technology and transparent post trade analytics to buy-side and sell-side clients. Candler is a seasoned professional…

May 02, 2018 BY Valentina Kirilova

SEC shuts down $85 million ponzi scheme

The Securities and Exchange Commission (SEC) announced the unsealing of fraud charges against a Mississippi company and its principal who allegedly bilked at least 150 investors in an $85 million Ponzi scheme. The defendants agreed to permanent injunctions, an asset freeze, and expedited discovery. The SEC’s complaint alleges that Arthur Lamar Adams lied to investors…

May 02, 2018 BY LeapRate Staff

Z.com Trade partners with Finatext on new Pipster FX and crypto trading app

Japanese Retail FX giant GMO Internet Group has taken another step in growing its UK and international presence, with the company's FCA regulated arm Z.com Trade announcing the launch of a new FX and cryptocurrency trading app called Pipster. Pipster was developed in partnership with Finatext UK, a branch of Finatext Ltd., a Tokyo based Fintech…

May 02, 2018 BY Valentina Kirilova

ASIC charges Rio Tinto Limited and former CEO and CFO

ASIC has expanded its legal proceedings recently filed in the Federal Court in Sydney against Rio Tinto Limited (RTL) and its former Chief Executive Officer, Mr Thomas Albanese, and its former Chief Financial Officer, Mr Guy Elliott. The new allegations relate to RTL's failure to recognise an impairment of a wholly owned subsidiary, Rio Tinto…

May 02, 2018 BY LeapRate Staff

FXSpotStream April FX volumes down 11% MoM to $24.6 billion ADV

After reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that April volumes came in at $24.6 billion ADV, down 11% from March's $27.5 billion. However, in the big picture, April was still FXSpotStream's third best month ever. By comparison, FXSpotStream’s previous volume record coming into 2018 was $23.9 billion ADV in September 2017. By another…