Exegy Inc. hires Bloomberg’s Karl Dundon as a global FX Product Manager LeapRate

December 04, 2017 BY Valentina Kirilova

Exegy Inc. hires Bloomberg's Karl Dundon as a global FX Product Manager

Exegy Inc., a provider of managed services and technology for low-latency financial market data, announced that it has hired Karl Dundon as a global FX Product Manager, reporting directly to chief technology officer David Taylor. In this role, Mr. Dundon is responsible for leading the ideation, technical development, and launch of new Exegy real-time data…

December 04, 2017 BY Valentina Kirilova

Six Swiss Exchange reports higher trading activity in November

Six Swiss Exchange announced that trading activity has risen sharply in the year to date compared with the same period of 2016. Highlights include: Trading turnover in the year to date: CHF 1,245.1 billion (+6.3% YoY) Number of trades 47,453,956 (+8.4% YoY) All-time record annual ETF turnover achieved in 2016 already broken in November 2017…

December 04, 2017 BY LeapRate Staff

Exclusive: Formax Prime launches as new Forex ECN brokerage service

LeapRate Exclusive… LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group has gone live with a new website and FX-ECN brokerage service under the moniker Formax Prime, at formaxprime.co.uk. Formax's former UK website formaxmarket.co.uk now also leads directly to the new site. We had exclusively reported during the summer…

First Republic Bank joins S&P 500 index, replaces Scana Corporation

December 04, 2017 BY Valentina Kirilova

DCE launches 24 Commodity Futures Indexes

Dalian Commodity Exchange (DCE) informed that it has launched 24 commodity futures indexes, and so far DCE has published a total of 36 indexes of the commodity futures. According to the sources, the newly launched 24 indexes are all the single commodity indexes, including the 2 series: the price indexes of single commodity futures and…

December 04, 2017 BY Valentina Kirilova

Barclays' Absa Bank Limited joins CLS as a new settlement member

CLS Group (CLS), a market infrastructure delivering settlement, processing and data solutions, today announced that Absa Bank Limited (Absa), the South African based bank owned by Barclays Africa Group (JSE:BGA), has joined as a settlement member. Absa joins 66 other leading banks in becoming a settlement member in CLSSettlement, the payment-versus-payment settlement service for the global foreign…

December 04, 2017 BY Valentina Kirilova

Cboe VIX Options set new daily volume record

Exchange holding company Cboe Global Markets, Inc. (Nasdaq: CBOE) has said that trading volume in options on the Cboe Volatility Index® (VIX®) reached a new all-time high on Friday, December 1. In VIX options at Cboe Options Exchange, a reported 3.1 million contracts traded on Friday, far surpassing the previous single-day record of 2.6 million…

December 04, 2017 BY LeapRate Staff

Forex and Central Banks Policies

The following article was written by Shoaib Abedi, Director at ICM Capital. Today, foreign exchange markets are severely impacted by the policies implemented from the central banks. These policies are aimed at meeting a number of key objectives such as achieving target growth rates, maintaining acceptable inflation levels, decreasing unemployment, and maintaining financial stability in…

December 04, 2017 BY Valentina Kirilova

FCA warns against Chesterfield International Partners 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 firm Chesterfield International Partners. Chesterfield International Partners is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

December 04, 2017 BY Valentina Kirilova

OSC appoints Tim Moseley as Vice-Chair

Ontario Securities Commission (OSC) Chair Maureen Jensen has announced the appointment of Tim Moseley as a Vice-Chair of the OSC, effective November 29, 2017 for a two year term. Prior to his appointment, Tim served as an OSC Commissioner and as Chair of the Adjudicative Committee. Tim brings a unique set of skills to the…

December 04, 2017 BY LeapRate Staff

FXSpotStream November FX volumes at near record $22.1 billion ADV

Continuing a fairly mixed pattern of results we have seen from other leading institutional FX venues, multibank FX aggregation service FXSpotStream has announced that November trading volumes were very strong, in fact the company's third best ever month as far as trading activity goes. Average daily FX volumes in November were $22.1 billion, up 11%…