Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) has announced its results for 2016, which showed significant improvement across the board in Revenues (up 12% over 2015), EBITDA (up 20%) and Net Profit (up a tidy 42%). The second half of 2016 also saw a nice turnaround, or at least a stabilization, at…
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Seabury Global Markets LLC (SGM), a subsidiary of Seabury Capital LLC and a provider of FX liquidity management and trade execution solutions, announced today that it has initiated a new collaboration between SGM, Spotex, and SBI FX Co., Limited, a wholly-owned subsidiary of Japan's leading online securities firm SBI Holdings. SGM has been selected by…
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BGC Partners (Australia) Pty Limited (BGC) has paid a total penalty of $90,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (MDP), ASIC announced earlier today. The MDP had reasonable grounds to believe that BGC had contravened subsection 798H(1) of the Corporations Act 2001 (Cth) by failing to comply…
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The Dubai Financial Services Authority (DFSA) and the European Securities and Markets Authority (ESMA) have entered into information sharing and cooperation arrangements regarding DIFC based central counterparties (CCPs) compliance with conditions set out in The European Union’s Market Infrastructure Regulation (EMIR). The MoU was signed on behalf of the DFSA by Chief Executive, Mr Ian…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that BlackRock, Inc. (NYSE:BLK) has upped its position in UK online broker IG Group Holdings plc (LON:IGG) to over 9%. New York based BlackRock is the world's largest asset manager, with more than $5 trillion in assets under management. IG Group is the UK's largest online broker,…
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ASIC regulated Vantage FX this week announced a substantial upgrade of its live trading server locations, relocating the Sydney server to New York. The move was made to improve stability and execution speed for clients that the new Equinix, Inc. (NASDAQ:EQIX) hosted London/New York server combination will bring. An increasing demand from clients needing faster, institutional price…
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Under a new Co-Operation Agreement, innovative FinTech businesses in Ontario and the United Kingdom will be able to seek support from their financial regulators as they seek to operate in the other’s market. Signed this week, the Agreement allows the Financial Conduct Authority (FCA) and the Ontario Securities Commission (OSC) to refer to one another…
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UK peers were given fresh warnings not to try to change the Brexit Bill after it cleared its first hurdle in the House of Lords. Brexit minister Lord Bridges mentioned voters had backed a "brutally simple" question in the referendum as he cautioned fellow peers against attempting to amend the legislation during what are expected…
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The Wall Street Blockchain Alliance (WSBA), a non-profit trade association, just announced that Blockchain Intelligence Group (BIG) has joined the organization as its newest corporate member. BIG’s proprietary Blockbits, BitRank and Qlue products provide real-time search, data analytics and risk assessment for blockchain-based data and assets, such as bitcoin and other cryptocurrency transactions, providing essential…
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The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, published a report into exchanged-based financing of Small and Medium Enterprises (SMEs), aimed at identifying globally-consistent barriers and opportunities for enhancing SME access to equity finance. As significant employers and potential contributors to global economic development, the…
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