LeapRate Exclusive... LeapRate has learned that Jamieson Blake, Head of Client Experience at the FCA regulated, London based arm of ADS Securities, has resigned from the company. Jamieson Blake had been a key part of the team which has helped Abu Dhabi based ADS Securities grow its business in the UK, especially among retail investors.…
Read moreCarats.io, the diamond backed token, has introduced a sophisticated algorithm to compare individual diamond grade and daily market conditions that will achieve the often elusive goal of objective and consistent pricing. Carats.io Diamond Pricing Algorithm (DPA) will price three million diamonds, all valued over one billion USD. The digitization achieves highly reliable accountability, stability, and…
Read moreThe Australian Securities and Investments Commission (ASIC) has announced that it cancelled the Australian Financial Services (AFS) license of NSW-based Mackellar Financial Services Pty Ltd (Mackellar). Mackellar's AFS license has been cancelled, following a suspension in October 2017, for continued failure to lodge financial statements and auditor's reports for a period of four years. Licensees…
Read moreVirtu 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…
Read moreThe 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…
Read moreJapanese 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…
Read moreASIC 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…
Read moreAfter 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…
Read moreTaipei, Taiwan based digital asset exchange Bitfinex has announced the introduction of two new token listings to its trading platform, those of Stellar and Verge. And equally interesting, Bitfinex revealed that its 24-hour trading volume is more than $1.1 billion - more than double the $500 million Bitfinex was touting just a month ago. Bitfinex is…
Read moreNew York based FX brokerage group Oanda has announced that it has recently launched an institutional trading platform tailored to meet the advanced requirements of professional FX traders, from hedge funds and brokers to CTAs and proprietary trading firms. Called OANDA Pro, the platform will be powered by State Street's Currenex, a leading provider of high-performance…
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