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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It looks like someone is making a big bet on Playtech. Online entrepreneur Teddy Sagi has indicated in filings with the London Stock Exchange that he has sold 13 million shares of publicly traded Playtech PLC (LON:PTEC) to the UK arm of Paris based asset manager Boussard & Gavaudan for £113.4 million (USD $138 million). The stake represents about…
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Horizon Software, the global provider of electronic trading and investment management technology, just announced the extension of its long-term relationship with Edelweiss International Singapore (Pte) Limited, a subsidiary of Edelweiss Financial Services Limited, one of India's leading diversified financial services companies. Edelweiss will be using the latest version of Horizon's trading technology as a strategic…
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The Securities and Futures Commission (SFC) has reprimanded and fined BOCOM International (Asia) Limited (BIAL) $15 million, for failing to discharge its duties as a sponsor in relation to the listing application of China Huinong Capital Group Limited. Failure to conduct all reasonable due diligence before submitting an application China Huinong is a company established…
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