May 08, 2018 BY LeapRate Staff

INTL FCStone sees 33% rise in Q2-2018 Revenues to record $260 million

INTL FCStone Inc (NASDAQ:INTL), a diversified global financial services organization providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets around the world, today announced its financial results for the fiscal year 2018 second quarter ended March 31, 2018. Overall, Q2 operating revenues were up 33% from Q2-2017, to…

Read more
May 08, 2018 BY LeapRate Staff

Market maker Virtu launching $500 million secondary share offering

Virtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…

Read more
May 08, 2018 BY LeapRate Staff

Cifuentes Fund Management and owners charged and fined $1.8M over Forex fraud scheme

The U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes and Jennifer Wee Cifuentes, both of West New York, New Jersey, and their corporate entity, Cifuentes Fund Management, LLC. The Order,…

Read more
May 08, 2018 BY Valentina Kirilova

FCA warns against Littinvest / Explatinum Ltd

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 Littinvest / Explatinum Ltd. Littinvest / Explatinum Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying…

Read more
May 08, 2018 BY Valentina Kirilova

HKEX to offer MSCI Asia ex Japan index futures

Hong Kong Exchanges and Clearing Limited (HKEX) announced that it plans to introduce MSCI All Country (AC) Asia ex Japan Net Total Return Index (MSCI AxJ) Futures, the first regional stock index futures contract for HKEX, on Monday, 11 June 2018, pending regulatory approval. HKEX’s MSCI AxJ Futures will be first futures contract traded on…

Read more
May 08, 2018 BY Valentina Kirilova

Dutch State Treasury Agency to clear IRS swaps via Eurex Clearing

The Dutch State Treasury Agency announced that it has decided to enable central clearing of euro denominated interest rate swaps via Eurex Clearing in Frankfurt for the State of the Netherlands. As Debt Management Office, the Dutch State Treasury Agency is exempt from the obligation to clear swaps through a Central Counterparty (CCP). However, the…

Read more
May 08, 2018 BY Valentina Kirilova

Play2Live to develop its own blockchain called Level Up Chain

Decentralised streaming platform for gamers and eSports fans, Play2Live, has today announced its plans to develop its own blockchain infrastructure, Level Up Chain. Level Up Chain is the next step in the company creating an end-to-end solution for streamers, gamers and eSports fans. Launching the Level Up Chain Testnet in July 2018, one of the…

Read more
May 08, 2018 BY Valentina Kirilova

Barclays licenses two EURO iSTOXX 50 ESG Focus indices

STOXX Ltd., the operator of Deutsche Börse Group’s index business and a global provider of innovative and tradable index concepts, announced that it has licensed the EURO iSTOXX 50 ESG Focus Index and the EURO iSTOXX 50 ESG Focus GR Decrement 5% Index to the British bank Barclays as underlyings for the issuance of structured…

Read more