The former head of Barclays Capital Inc.’s New York foreign exchange trading operation was charged yesterday in an indictment for his alleged role in a scheme to defraud a client of Barclays through a method commonly referred to as “front-running.” The charges relate to the manipulation of foreign exchange options in advance of an exceptionally…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Leucadia National Corp. (NYSE:LUK) is planning a take a charge to earnings in the neighborhood of $450-500 million when it reports its fourth quarter 2017 results. The culprit? The newly-passed US Tax Cuts and Jobs Act. On December 22, 2017, the Tax Cuts and Jobs Act was…
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Derivatives marketplace CME Group (NASDAQ:CME) has announced it reached a daily trading volume record for Henry Hub Natural Gas futures on January 12, 2018, of 1,022,858 contracts - surpassing the 1 million milestone for the first time. The previous single-day trading volume record was 995,129 contracts set on January 11, 2018. CME Group offers Henry…
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ASIC just informed that it has accepted a voluntary variation of the Australian financial services (AFS) license of HLB Mann Judd Corporate Finance Pty Ltd, excluding the firm from providing advice as an independent expert. This means that HLB Mann Judd cannot prepare or provide independent expert reports (IERs), opinions or valuations in connection with…
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Abu Dhabi Securities Exchange (ADX), the region's financial market, announced that it has signed a Memorandum of Understanding (MoU) with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to collaborate on Distributed Ledger Technology (DLT) implementation in post trade operations, as well as capital market transactions.…
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The following article was written by freelance writer Tom Worn. Unfortunately, just like many other enjoyable activities, forex trading can become addictive and even harmful. Perhaps not directly harmful to your health like drugs, but financially harmful like gambling. To be clear, I am not equating forex trading to gambling, far from it. The two…
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EEX Group continued to build upon its growth path in 2017, recording significant increases in trading volumes on the natural gas, emissions and agricultural markets. Volumes also increased on the power spot markets while the power derivatives markets showed a year-on year decrease. While the power market was driven by major regulatory uncertainty in 2017,…
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It's been a pretty dark week for the cryptocurrency market. Bitcoin just dropped with $1,300 in 1.5 hours. Other cryptos, such as Ethereum, Ripple and almost all other alt coins are plunging with lightning speed this week. Bitcoin is currently trading at around $11,000, which is a major blow to the value of the "people's…
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Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms and financial services software providers, today announced its newest software application hosting client, TraderTools. TraderTools, a financial technology firm providing FX market participants innovative solutions for liquidity access and distribution through its Unique Liquidity Network™ (ULN™), has completed migrating all…
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Worlds colliding. NASDAQ traded Long Blockchain Corp (NASDAQ:LBCC) - formerly known as Long Island Iced Tea Corp. - has announced its planned merger with the parent company of FCA regulated FX broker Stater Global Markets. However, the deal seems to revolve around the new passion of both companies - Blockchain technology. Long Blockchain announced that it…
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