April 24, 2018 BY LeapRate Staff

Polish FX broker XTB reports record Revenues of $33 million in Q1-2018

Facing trouble both at home and abroad, X Trade Brokers Dom Maklerski SA (WSE:XTB) nevertheless has issued preliminary results for Q1-2018 indicating record Revenues and Profits for the Warsaw based company. X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q1 2018 Revenues came in at PLN 113.7…

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April 24, 2018 BY Valentina Kirilova

Marek Dietl reelected President of Warsaw Stock Exchange Board

The Extraordinary General Meeting of the Warsaw Stock Exchange (GPW) has appointed Marek Dietl as President of the Exchange Management Board for a new term of office On 23 April, the Extraordinary General Meeting passed a resolution under the agenda item concerning changes to the Management Board, tabled by request of the State Treasury which…

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April 24, 2018 BY Valentina Kirilova

Saxo Bank moves its entire banking platform and technology stack to Microsoft Cloud

Microsoft Corporation (NASDAQ:MSFT) and Copenhagen based Forex and multi asset broker Saxo Bank have today announced a strategic partnership with the aim of running Saxo Bank’s entire technology stack on the Microsoft Cloud. The companies said that financial services are at a transformational tipping point. It is key for financial organizations to harness data and cloud…

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April 24, 2018 BY Valentina Kirilova

Brexit: What does it mean for financial markets to be open?

Andrew Bailey, Chief Executive of the UK's Financial Conduct Authority (FCA) has today given a speech at the City Week ‘The International Financial Services Forum’, Guildhall, London, regarding Brexit, UK and EU authorities, and more. Highlights of it include: Now is the time for the UK and EU authorities to come together and work on…

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April 24, 2018 BY Valentina Kirilova

Nigerian Stock Exchange signs MoU with RecyclePoints Limited

The Nigerian Stock Exchange (NSE) has announced that it has signed a Memorandum of Understanding (MoU) with RecyclePoints Limited for the collection and recycling of waste materials generated at The Exchange’s offices. This initiative is also a demonstration of the Exchange’s effort to ‘End Plastic Pollution’, which is the theme of this year’s Earth Day,…

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April 24, 2018 BY Valentina Kirilova

SFC fines CN Capital Management Limited $1.2 million over regulatory breaches

The Hong Kong Securities and Futures Commission (SFC) announced that it has reprimanded CN Capital Management Limited (CN Capital) and fined it $1,000,000 for failing to maintain an effective compliance function and satisfactory internal controls concerning employee account dealing. The SFC has also reprimanded its responsible officers, Mr George Chan Yee Lee and Mr Stephen…

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April 24, 2018 BY Valentina Kirilova

Thomson Reuters: 1 in 5 financial institutions considering cryptocurrency trading in 2018

Cryptocurrency trading by financial firms could increase in 2018 according to information giant Thomson Reuters (NYSE:TRI)'s survey, with approximately 20% of the participants indicating they are considering trading cryptocurrency over the next 3-12 months. The survey was conducted among 400+ clients across all of Thomson Reuters trading solutions including Eikon, REDI, and its FX platforms.…

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