LMAX Exchange trading floor
February 01, 2018 BY LeapRate Staff

LMAX Exchange buys out Paddy Power Betfair stake for £21.9M with Silicon Valley Bank funding

Institutional FX exchange provider LMAX Exchange Group has announced that it has completed an equity purchase of Paddy Power Betfair plc’s remaining stake in the business. The 31.35% stake (or 187,811 shares) was bought from Paddy Power Betfair for £21.945 million, valuing LMAX Exchange at £70 million. The buyback brings 95% of the company under the control…

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February 01, 2018 BY Mariela Naydenova

Bitcoin's downfall to $8,900 - the reasons

Bitcoin fell down to $9,000 on Thursday, February 2nd, 2018. Many did not expect the digital currency to go below this level, but that happened in a matter of hours. What could have caused the downfall are major worries that India is now on a mission to ban cryptos and a possible price manipulation on…

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FlexTrade integrates ipushpull platform into FlexNOW EMS
February 01, 2018 BY LeapRate Staff

FlexTrade hires State Street FX Connect veteran Paul Alves as SVP Business Development

Multi-asset execution and order management systems company FlexTrade today announced the appointment of Paul Alves as Senior Vice President, Global FX Business Development, with a focus on expanding the company’s buy-side trading solutions to asset managers. According to Alves, automation efficiency, execution flexibility and cost conciseness for both the asset manager and their bank partners, are…

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clone firm FCA warning
February 01, 2018 BY Valentina Kirilova

FCA warns against Marathon Asset Management clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Marathon Asset Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

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Crypto ICOs showing a comeback, after major drop off in 2018
February 01, 2018 BY Valentina Kirilova

IdentityMind Global launches regulatory compliance solution for Initial Coin Offerings

IdentityMind Global announced the immediate availability of its KYC Plug-in for ICOs. It provides a turnkey solution for customer onboarding functionality and user experience to walk ICO participants through the know your customer (KYC) process to meet regulations worldwide. The solution enables companies to perform required KYC and anti-money laundering (AML) checks on ICO participants.…

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FCA warning
February 01, 2018 BY Valentina Kirilova

FCA warns against Sterling Bishop Associates firm

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 Sterling Bishop Associates. Sterling Bishop Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

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February 01, 2018 BY Valentina Kirilova

Venzee Technologies and BTL Group Ltd announce partnership

Venzee Technologies Inc.(CVE:VENZ) announced a partnership with BTL Group Ltd (CVE:BTL) that will bring together the Company's data transformation solution, Mesh, with BTL's blockchain development platform, Interbit™. Using artificial intelligence, Mesh is able to import, merge and transform data from existing systems before writing to blockchain networks, greatly simplifying the process of integrating blockchain networks…

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February 01, 2018 BY Valentina Kirilova

Vaultbank announces decentralized investment exchange for security and utility token trading

Vaultbank has announced the upcoming launch of the Vaultbank Exchange, a decentralized utility token and security token supporting exchange. Vaultbank will also run an investment fund that will serve as the main asset-backing for Vaultbank’s (VB) private security token, and the company is currently in negotiations with select major payment processors for a crypto debit…

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February 01, 2018 BY Valentina Kirilova

Clearstream's new partnership explores potential of Artificial Intelligence and Natural Language Processing

Clearstream, University of Luxembourg and consulting firm escent launch joint research project Post-trade services provider Clearstream, part of Deutsche Börse Group, just announced that it has entered a collaborative research partnership with the Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the University of Luxembourg. Over the next four years, a joint research project…

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smartTrade strengthens senior management and sales team
February 01, 2018 BY Valentina Kirilova

smartTrade Technologies launches its blockchain-based post-trade solution

smartTrade Technologies, a multi-asset electronic trading solutions pioneer, just announced the launch of its brand new blockchain-based solution. The new and fully integrated smartTrade solution captures and sends post-trade data to a private and permissioned Distributed Ledger. This guarantees all trades are recorded and cannot be altered. For smartTrade’s clients, it’s an additional proof of…

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