Torstone Technology goes live with Asian capital markets and investment group CLSA LeapRate

October 19, 2017 BY Valentina Kirilova

Torstone Technology goes live with Asian capital markets and investment group CLSA

Torstone Technology, a global provider of post-trade securities and derivatives processing, today announced that the CLSA, an Asian capital markets and investment group, has signed a multi-year deal to use Inferno and is now live with the solution, which will bring greater efficiencies to its post-trade processes. CLSA’s Japan operations will deploy Inferno to improve…

October 19, 2017 BY Valentina Kirilova

AMF and ADGM to promote innovation in financial services in France and the UAE

The French Autorité des Marchés Financiers (AMF) and the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, have signed a cooperation agreement to promote innovation in financial services in France and the United Arab Emirates (UAE). The agreement was signed between Mr Robert Ophèle, Chairman of…

October 19, 2017 BY LeapRate Staff

MiFID II Reporting - DRSPs, APAs, ARMs, CTPs

The following article was written by Natallia Hunik, Global Head of Sales at Advanced Markets and Fortex, Inc. and Ron Finberg, Head of Business Development at Cappitech. MiFID II has been the focal point of many discussions in the European financial world recently. We have previously focused our attention on several of the main aspects…

October 19, 2017 BY Valentina Kirilova

Varta AG listed on the Frankfurt Stock Exchange

Varta AG (ISIN: DE000A0TGJ55) was listed in the Prime Standard of the Frankfurt Stock Exchange, Deutsche Börse announced earlier today. 8.6 million new shares were placed during the IPO. The initial listing price was €24.25, the issue price €17.50. The issue's lead manager was Berenberg, UniCredit Bank acted as Joint Bookrunner. Berenberg also has the role…

October 19, 2017 BY Valentina Kirilova

CME Group and JPX to launch Yen TOPIX futures trading

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) and Japan Exchange Group (JPX), Asia's comprehensive exchange group, today announced the launch of Japanese Yen-denominated Tokyo Stock Price Index (TOPIX) futures contracts to begin trading on CME Globex by Q1 2018, pending all relevant regulatory review periods. This new financially-settled TOPIX futures contract will be listed with and…

October 19, 2017 BY LeapRate Staff

Our top picks on Chinese growth story

The following article was written by Ipek Ozkardeskaya, Senior Market Analyst at FCA regulated broker London Capital Group Holdings plc (LON:LCG). China Communist Party’s twice-a-decade congress was among this week’s highlights. In his three-hour opening speech, President Xi Jinping said that China will let the market play a decisive role in resource allocation and be…

Global elite attending Davos rehashed common cryptocurrency themes

October 19, 2017 BY Valentina Kirilova

EBA issues opinion on the design of new prudential framework for investment firms

The Cyprus Securities and Exchange Commission (CySEC) has informed the Cyprus Investment Firms about the following: 1. The European Banking Authority (EBA) issued on the 29th of September 2017, its Opinion on the design and calibration of a new prudential framework for investment firms (the ‘Opinion’), which is specifically tailored to the needs of investment…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

October 19, 2017 BY Valentina Kirilova

SEC names Brett Redfearn as Director of the Division of Trading and Markets

The Securities and Exchange Commission (SEC) announced that Brett Redfearn has been named Director of the agency's Division of Trading and Markets. The SEC's Division of Trading and Markets establishes and maintains standards for fair, orderly, and efficient markets. The division oversees the major securities market participants and infrastructure including, among others, broker-dealers, self-regulatory organizations…

October 19, 2017 BY Valentina Kirilova

LCH clears first swaps referencing SARON

Multi asset global clearing house LCH announced that it is now clearing Swiss Franc (CHF) interest rate swaps referencing SARON, the Swiss average overnight rate. The move comes ahead of the migration of CHF reference interest rates from TOIS to SARON, scheduled for 29 December 2017. Basler Kantonalbank, Credit Suisse and Zürcher Kantonalbank were among…

October 19, 2017 BY Valentina Kirilova

FMA and ASIC confirm trans-Tasman collaborative approach to fintech

The Financial Markets Authority (FMA) and the Australian Securities and Investments Commission (ASIC) have re-affirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. The FMA and ASIC entered a wide-ranging Memorandum of Understanding (MoU) in 2012. Today in Sydney, senior executives from both regulators discussed the opportunities and challenges…