August 11, 2017 BY Valentina Kirilova

Intercontinental Exchange prices $1 billion in senior notes and issues notice of redemption of NYSE USD

Intercontinental Exchange (NYSE: ICE), the operator of global exchanges and clearing houses and provider of data and listings services, announced today that it priced an underwritten public offering of $1.0 billion in new senior notes. The senior notes comprise $500 million in aggregate principal amount of 2.350% Senior Notes due 2022 (the “2022 Notes”) and…

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August 11, 2017 BY Valentina Kirilova

HKEX to implement proposed after-hours trading enhancements

Hong Kong Exchanges and Clearing Limited (HKEX) published its consultation conclusions today (Friday) on its proposed after-hours trading (AHT) enhancements. HKEX received a total of 53 responses from a broad spectrum of market participants including 36 Exchange Participants (EPs) and others in the market contributing 83 per cent of the volume in AHT (the T+1…

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Fortrade website
August 11, 2017 BY LeapRate Staff

Fortrade nearly triples its Revenue in 2016 to £15.9 million

Another independent Retail FX and CFD broker seems to have made a dent in the UK online trading market. FCA regulated Fortrade Limited has reported that its Revenues in 2016 nearly tripled to £15.9 million (USD $20.6 million), up from just £5.5 million the previous year. Fortrade reported a profit of £954,000 for the year, versus a loss…

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August 11, 2017 BY Valentina Kirilova

LendInvest joins London Stock Exchange’s ORB

Property investment platform LendInvest has launched first retail bond on the Order Book for Retail Bonds. LendInvest is also the first UK company on ELITE, LSEG’s business support and capital raising programme, to access the debt capital markets to support its growth. ELITE offers the UK’s most exciting and ambitious private companies a full programme…

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CFTC offices
August 11, 2017 BY Valentina Kirilova

CFTC staff grants relief to market participants from certain position aggregation

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (DMO) has granted relief to market participants in complying with certain position aggregation requirements. This relief is being provided until August 12, 2019. Previous relief was set to expire on August 14, 2017. During the period of the time-limited no-action relief issued today, DMO…

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ESMA ceases renewal of product intervention CFDs measures
August 11, 2017 BY Valentina Kirilova

ESMA agrees first position limits under MiFID II

The European Securities and Markets Authority (ESMA) has published its first three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR). ESMA’s opinions agree with proposed position limits by the Autorité des Marchés Financiers (AMF) regarding: • Rapeseed; • Corn; and • Milling wheat. ESMA found…

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August 11, 2017 BY Valentina Kirilova

CBOE's VIX options and futures set new daily volume records

CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that trading volume in options and futures on the CBOE Volatility Index® (VIX®) each reached new all-time highs on Thursday, August 10. In VIX options at CBOE, a reported 2,562,477 contracts traded on Thursday, surpassing the previous single-day record of 2,382,752 contracts on February 3, 2014. Year-to-date through…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
August 11, 2017 BY Valentina Kirilova

CLS Group July average daily traded volume down 2% MoM

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of July 2017. The average daily traded volume submitted to CLS was USD1.60 trillion down 2% from USD1.64 trillion in June 2017.   July 2016 June 2017 July 2017 Average daily traded…

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