LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX broker Destek Markets UK Ltd has posted a loss of £2.1 million (USD $2.9 million) in its first full year of operation - which, clearly did not go exactly according to plan. Destek Markets UK is the EU operating arm of Turkish based FX brokerage group…
Read moreFinastra has announced that its blockchain-based solution, Fusion LenderComm, is now commercially available, as an app on R3’s Corda platform, for financial institutions operating in the syndicated lending market. The solution is proven to streamline information exchange between agent banks and lenders, driving transparency and efficiency in the syndicated loan market. The successful completion of…
Read moreThe Monetary Authority of Singapore (MAS) and the State Bank of Viet Nam (SBV) have announced that they have agreed to establish a new partnership to encourage FinTech innovation and to strengthen cooperation in banking supervision. The new Memorandum of Understanding (MOU) between MAS and SBV on financial innovation will facilitate joint innovation projects between…
Read moreNational Settlement Depository (NSD), Russia’s central securities depository, has announced that it has just received the status of authorized depository of Belarus which allows NSD to record the rights to government securities issued by the Ministry of Finance (on behalf of the Republic of Belarus). Prior to now, NSD clients could accept for custody and…
Read moreMetamako, provider of low-latency, FPGA-enabled network solutions, announced today the acquisition of xCelor’s network device business. Metamako is making its first acquisition, strengthening its position as the premier network technology platform for companies developing and deploying high-performance applications. xCelor will now concentrate on its applications business, providing its apps on the Metamako hardware. This is…
Read moreThe following article was written by Stephen Pearson, CEO of Sports Media Gaming Ltd (SMG). SMG is a leading international sports marketing agency and has been at the forefront of brokering recent blockchain sports sponsorships. Stephen has held Board roles at UEFA Champions League and English Premier League. Sports sponsorship is fast becoming the staple marketing platform…
Read moreDeutsche Börse AG has just published its results for the first quarter of 2018 on Wednesday. The company generated net revenue of €691.6 million, an increase of 11% compared to the previous year (Q1/2017: €623.4 million). Deutsche Börse thus achieved secular net revenue growth of approximately 7 per cent, in line with its projections. In…
Read moreKlarna, a global payments provider, has announced its integration with Magento Commerce as a Core Bundled Extension (CBE) in the latest release of its flagship commerce platform. The integration will allow merchants to activate Klarna’s Pay Now, Pay Later and Slice It, which will provide customers with flexibility in payments and an overall smoother shopping…
Read moreTraders of Ghana and other West African countries are now able to trade using the innovative platform developed by MetaQuotes. Forex trading platform developer MetaQuotes has announced that Ghanaian broker Precise FX is the first in the region to switch to MetaTrader 5, offering its customers the full package of services. The African traders have…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action charging Defendants Michael Salerno of Chadds Ford, Pennsylvania, and his companies Black Diamond Forex LP and BDF Trading LP, both Pennsylvania limited partnerships, and Advanta FX, a Pennsylvania corporation, with fraudulently soliciting members of the public to become foreign currency (forex) proprietary traders and…
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