Virtu Financial appoints Merrill Lynch’s Joseph J. Grano, Jr. to Board of Directors LeapRate

October 27, 2017 BY Valentina Kirilova

Virtu Financial appoints Merrill Lynch's Joseph J. Grano, Jr. to Board of Directors

Virtu Financial, Inc. (NASDAQ:VIRT) the technology-enabled market maker and liquidity provider to the global financial markets, just announced that it has appointed Joseph J. Grano, Jr. to its Board of Directors effective immediately. Mr. Grano will also serve as a member of the Firm’s Audit Committee. The appointment happens just two days after the company…

October 27, 2017 BY Valentina Kirilova

Carsten Kengeter steps down as CEO of Deutsche Börse

Carsten Kengeter has informed the Supervisory Board of Deutsche Börse AG (DBAG) that he would like to step down as Chief Executive Officer of DBAG effective 31 December 2017 in order to allow the company to focus on business, clients and growth, and to avoid further burdens caused by the ongoing investigation. Carsten Kengeter said:…

October 27, 2017 BY Valentina Kirilova

ASIC expands network of fintech cooperation agreements to Switzerland

On 18 October 2017, the Australian Securities and Investments Commission (ASIC) and the Swiss Financial Markets Authority (FINMA) entered a new agreement to cooperate on innovation in the financial sector. The agreement aims to encourage innovation in financial services in Switzerland and Australia, and to support financial services innovators in meeting legal requirements when operating…

October 27, 2017 BY Valentina Kirilova

Cboe welcomes new iShares Fund to ETF Marketplace

Cboe Global Markets, Inc. (NASDAQ: CBOE) has welcomed a new iShares fund to the Cboe ETF Marketplace. The iShares Broad USD High Yield Corporate Bond ETF (Cboe: USHY) seeks to track more high yield investable opportunities than any other U.S.-listed high yield ETF available. The Underlying Index, the Bank of America Merrill Lynch US High…

Bitcoin comparisons to Gold are back, as both assets beat down equities

October 26, 2017 BY Mariela Naydenova

Bitcoin Gold – too much democratization?

After the hard “fork” that Bitcoin went through, the new currency, Bitcoin Gold, has suffered a not so positive perception, as the price of Bitcoin went down immediately after the introduction of the new product. The launch of Bitcoin Gold caused a distributed denial of service or what is called “DDoS” cyberattack. The website of…

October 26, 2017 BY Mariela Naydenova

Singapore and Hong Kong – Fintech Heavens

Singapore and Hong Kong have become two of the world’s greatest fintech hubs, boasting numerous fintech startups and loose regulations on cryptocurrencies and financial technologies. Thus, The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) signed an agreement to further increase the collaboration between the two cities in a joint effort…

October 26, 2017 BY Valentina Kirilova

FTAHK partners with FinTech associations in Singapore, Switzerland and Taiwan

The FinTech Association of Hong Kong (FTAHK) announced that it has signed three separate Memoranda of Understanding with the Singapore FinTech Association, the Swiss Finance + Technology Association and the Taiwan FinTech Industry Development Association. These were completed during the HongKong FinTech week that is currently underway. All three associations have the goal of collaborating…

October 26, 2017 BY Valentina Kirilova

FCA reforms to enhance the effectiveness of UK primary markets

The Financial Conduct Authority (FCA) has today set out a package of measures designed to ensure that the UK’s primary capital markets remain effective. In 2015 the FCA committed to reviewing the effectiveness of the UK’s primary capital markets, and the regulatory framework governing them to ensure they continue effectively to serve issuers and investors.…

October 26, 2017 BY Valentina Kirilova

Ethereum co-founder Anthony Di Iorio joins Presearch advisory board

Presearch today announced the beta launch of its decentralized, community-driven search engine built to disrupt the multi-billion dollar internet search industry. Already in use since 2013 as an internal tool, Presearch will launch in beta November 9th, allowing users to search multiple engines including Amazon and Google and be rewarded with PRE tokens. Presearch has…

October 26, 2017 BY LeapRate Staff

Swissquote Malta to add Pension Custodial services as it celebrates five years in the EU country

Gland, Switzerland based online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced plans to expand its regulated operation in Malta, as it held an event to celebrate five years as a licensed entity on the EU island country. Since its incorporation in October 2012, Swissquote Financial Services (Malta) Ltd has developed into…