LCH and Euronext to sign binding terms for continued provision of derivatives clearing services LeapRate

August 08, 2017 BY Valentina Kirilova

LCH and Euronext to sign binding terms for continued provision of derivatives clearing services

LCH, the global clearing house, just announced that it has signed binding terms with Euronext N.V. for the continued provision of clearing services for listed financial and commodity derivatives with LCH SA, the Group’s continental European operating subsidiary. The agreement is expected to be finalised in Q4 2017. New 10-year long-term derivatives clearing agreement for…

August 08, 2017 BY Valentina Kirilova

Paysafe reports 11% increase in Revenue in 1H 2017

Payments services company Paysafe Group Plc (LON:PAYS) announced its unaudited interim results for the six months ended 30 June 2017. Financial highlights $m H1 2017 H1 2016 Revenue 538.7 486.7 Year-on-year revenue growth 11% 118% Organic constant currency year‐on‐year revenue growth 12% 20% Adjusted EBITDA 169.2 144.2 Adjusted EBITDA margin 31.4% 29.6% Statutory operating profit…

August 07, 2017 BY LeapRate Staff

Bank of Tokyo-Mitsubishi UFJ fined for futures Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and settling charges against Mitsubishi UFJ Financial Group Inc (TYO:8306) unit The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) for engaging in multiple acts of spoofing in a variety of futures contracts on the Chicago Mercantile Exchange and the Chicago Board of Trade, including futures…

August 07, 2017 BY LeapRate Staff

CFTC vacates derivatives clearing registration of CME Europe

At the request of the CME Clearing Europe Ltd. unit of derivatives marketplace operator CME Group Inc (NASDAQ:CME), the U.S. Commodity Futures Trading Commission (CFTC) issued an order today that vacates the registration of CME Europe as a derivatives clearing organization (DCO) effective August 8, 2017. The CFTC registered CME Europe as a DCO by…

August 07, 2017 BY Valentina Kirilova

FCA warns against Westmount Associates 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 Westmount Associates. Westmount Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

August 07, 2017 BY LeapRate Staff

Saxo Bank FX trading volumes up 3% in July to $249 billion

In a month in which most retail and institutional eFX providers have reported slight to mild decreases in FX trading volumes, Copenhagen based Saxo Bank has disclosed a nice 3% increase in July FX volumes, to $249 billion, up from $242 billion in June. While forex trading was strong at Saxo Bank, the multi-asset broker…

August 07, 2017 BY Valentina Kirilova

FX platform provider Leverate hires Yasha Polyakov as CEO

Leverate just announced that it has hired Yasha Polyakov as its new CEO, replacing the recently departed Kobi Gur. For the past year and a half, Mr. Polyakov ran Rynat Trading Ltd., a CySEC-regulated company which runs the XHorns.com retail forex brand. XHorns runs on Leverate's SIRIX platform. Before running XHorns, Mr. Polyakov - an accountant…

August 07, 2017 BY Valentina Kirilova

Stox's ICO raises $33 million in 34 hours

Stox's ICO has successfully raised $33 million in 34 hours last week, making the ICO the seventh biggest of 2017. The token sale for the cryptocurrency STX ended over night on Thursday after participants contributed roughly 148,000 ETH. Last month, Bancor announced that the invest.com Group will use the Bancor protocol to launch Stox, a…

August 07, 2017 BY Valentina Kirilova

Harvest Fund Management chooses FTSE China A50 Index for ETF listing in Shanghai

FTSE Russell announced the licensing of the FTSE China A50 Index to Harvest Fund Management (HFM). The Harvest FTSE China A50 Index ETF, listed on Shanghai Stock Exchange (SSE) today and is the first domestically listed ETF to track a FTSE Russell index. ETFs representing China A Shares offer market participants a channel to participate…

August 07, 2017 BY LeapRate Staff

Technology Elements of a Successful FX Brokerage

The following article was written by Adinah Brown, content manager at Leverate. Because there is such a high number of unregulated FX brokerages out there, pinpointing the exact number of established brokerages around the world is nearly impossible. However, MetaTrader4 reports that a total of 332 Forex brokerages use its trading platform, which is widely regarded…