FlexTrade today announced the expansion of its EMEA sales team with the hiring of a new Multi-Asset Sales Director, Manuela Bauer. The expansion of the team comes at the end of a successful year of cross-asset innovation for the business. Manuela Bauer will be responsible for further strengthening FlexTrade’s capability in multi-asset class sales. She…
Read more
LCH, a global clearing house, today announced that it has extended its CDSClear platform to include the clearing of credit index options. This addition to LCH’s credit derivatives clearing service follows the launch of CDX high-yield clearing in July 2017. LCH becomes the first CCP to clear credit index options CDSClear launches clearing of credit…
Read more
SIX Swiss Exchange announced its new strategic partnership with Contineo, a Hong Kong based trading platform for structured products in Asia. SIX will support the standardization of the Asian structured products market by providing its high-performance product life-cycle infrastructure Connexor® in the first half of 2018. This offers synergies and scale opportunities to its shareholders,…
Read more
Continuing our exclusive coverage of the different ways that Retail FX brokers are putting their marketing budgets into sports related sponsorships of all kinds, LeapRate can report that Swiss online trading leader Swissquote Group Holding SA (SWX:SQN) has produced a new promotional video around a theme called 'Wins are Decisions' starring three Manchester United players: David De…
Read more
It’s the world’s biggest market by trading volume, with daily turnover of $5.2 trillion in 2016 - but just how much do you know about the high-stakes world of forex dealing? FXTM’s Ben Lovell-Viggers lifts the lid. Retail traders only account for a very small portion of the total turnover on the FX market, which…
Read more
The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Hansa Capital Partners. 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…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings that online gaming and financial trading systems provider Playtech PLC (LON:PTEC) has indicated that it remains one of the largest shareholders of betting and gaming company Ladbrokes Coral Group PLC (LON:LCL), which operates both the Ladbrokes and Coral brands as well as Eurobet, Gala Casino and Betdaq. According…
Read more
Retail forex broker FXCM Group has also released a statement in support of yesterday's announcements by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) relating to additional customer protections. Further, FXCM hopes this leads to harmonized regulations across Europe. FXCM has long been in full compliance with most of the proposed…
Read more
ASIC announced that it has accepted an enforceable undertaking (EU) from former MyPlanner Australia Pty Ltd adviser, James Fraser, after it was found that he failed to act in the best interests of his clients. Under the EU, Mr Fraser has agreed that he will not provide financial services for a period of at least…
Read more
The following article was written by Sophie Gerber, Director of regulatory and compliance solutions provider TRAction Fintech. Time is of the essence in the lead-up to MiFID II and MiFIR What is the implementation date for MiFIR & MiFID II? Wednesday 3rd January 2018. Is there likely to be any grace period for MiFID II…
Read more