Forex broker Admiral Markets announced today the addition of a new instrument, Snap Inc. (Snapchat) single share CFD (#SNAP). Newly listed, prominent companies will always have lots of attention and lots of trading volume. Admiral Markets plans to offer many more single share CFDs this year, saying. "we believe that the demand for single shares…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced that it will serve as the administrator for SIFMA Asset Management Group's (AMG) Market Agreed Coupon (MAC) swap contract, which was previously administered by SIFMA. MAC swaps are interest rate swap (IRS) contracts with pre-defined, market-agreed terms developed by SIFMA AMG and ISDA in 2013. CME Group…
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The Cyprus Securities and Exchange Commission (CySEC) announced that, on its meeting of 13th February 2017, has decided to wholly withdraw the Cyprus Investment Firm authorization with number CIF 085/07 of Atlas Capital Financial Services Ltd. (ACFX). The company is operating at https://www.acfs.eu and https://www.acfx.com. ACFX basically shut down its operations, with several million dollars…
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LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex broker Vipro Markets has hired Philippos Psyllos as its new CTO. Philippos Psyllos joins Vipro from JFD Brokers, also based in Cyprus and licensed by CySEC, where he was co-head of technology for the past two years. Mr. Psyllos was previously head of IT support at…
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Duco, the global fintech provider of data control services, has announced a commercial agreement with Societe Generale Bank & Trust (SGBT), a wholly-owned subsidiary of Societe Generale based in Luxembourg. SGBT plans to use Duco Cube, the self-service data control platform, to automate a number of key processes, including securities, cash and internal system-to-system reconciliations.…
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Financial trading technology provider Tradency has announced that leading Australian retail forex broker Pepperstone is set to launch Tradency's MirrorTrader service. The MirrorTrader service will enhance Pepperstone's offering for clients with automatic execution of unique algo-strategies. Tradency's MirrorTrader provides technology for retail clients, which traditionally had only been available to institutional traders. The MirrorTrading concept…
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Mistrust a future issue for the BOE.
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The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target, Reuters reported earlier today. A rate hike at the conclusion of the Fed's latest two-day policy meeting is already baked into…
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Google is wading back into the crowded P2P payments arena, adding a feature to its Gmail Android app that makes sending friends funds as easy as attaching a file to an email. Google first began letting US users send and receive money through Gmail on desktop back in 2013 but is only now bringing the…
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The Market Misconduct Tribunal (MMT) has found that a former senior executive of an affiliate of Titan Petrochemicals Group Limited (Titan), Mr Augustine Cheong Kai Tjieh, and his mother, Ms Gan Ser Soon, engaged in insider dealing in the shares of Titan in January 2012. Cheong and Gan were found to have sold their Titan…
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