Torstone Technology enters Norwegian market LeapRate

January 17, 2018 BY Valentina Kirilova

Torstone Technology enters Norwegian market

Establishes connectivity to the Norwegian Central Securities Depository Torstone Technology, a global provider of post-trade securities and derivatives processing, today announced that it has entered the Norwegian market by connecting its flagship Inferno platform to Verdipapirsentralen ASA (VPS), Norway’s Central Securities Depository. Inferno is a modern, flexible, scalable and cost-effective post-trade platform which will enable…

January 17, 2018 BY Valentina Kirilova

Former head of Barclays indicted for orchestrating multimillion-dollar scheme

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…

January 17, 2018 BY LeapRate Staff

Exclusive: Leucadia to take $500 million Q4 charge due to new US Tax Act

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…

January 17, 2018 BY Valentina Kirilova

CME Group announces Henry Hub Natural Gas futures all-time daily volume record

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…

January 17, 2018 BY Valentina Kirilova

ASIC accepts voluntary license variation from HLB Mann Judd Corporate Finance

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…

Volante Technologies Inc. expands executives team

January 17, 2018 BY Valentina Kirilova

Abu Dhabi Securities Exchange signs Memorandum to support adoption of DLT

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.…

January 17, 2018 BY LeapRate Staff

Is Forex trading addictive?

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…

January 17, 2018 BY Valentina Kirilova

EEX Group achieves double-digit growth in natural gas, emissions and agriculturals

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,…

January 17, 2018 BY Mariela Naydenova

Cryptos are crashing with a lightning speed - why and for how long?

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…

January 16, 2018 BY Valentina Kirilova

TraderTools selects Abacus Group to host its FX trading technology

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…