January 25, 2017 BY LeapRate Staff

France's AMF introduces new market surveillance system ICY

French financial regulator The Autorité des Marchés Financiers (AMF) has announced that is launching an effort to modernize its monitoring system, enhancing its ability to detect, analyse and investigate suspicious activity. In the wake of the 2008 financial crisis, European lawmakers enacted financial market regulatory reforms. Following the adoption of EMIR for over-the-counter derivative trading,…

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XTB forex broker
January 25, 2017 BY LeapRate Staff

Forex broker XTB sees record Revenues and Profits in Q4 recovery

Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com, reported after the close of trading Wednesday that the company brought in record Revenues and earned record profits during fourth quarter of 2016. For the full year 2016, however, Revenues and Profits were down significantly from last year. Some Q4…

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January 25, 2017 BY Valentina Kirilova

Boeing beats on earnings, S&P 500 futures hit record high

U.S. stocks looked set for a higher open on Wednesday, with the Dow set to take a shot at 20,000, following a raft of strong quarterly earnings and optimism around President Donald Trump's pro-growth policies, Reuters reported. The Trump rally had driven Wall Street to a series of record highs since November. The S&P 500…

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CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first
January 25, 2017 BY Valentina Kirilova

CLS adds two affiliate FX settlement categories

CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, has introduced two new models for settlement membership – affiliated settlement membership and non-shareholder settlement membership – in addition to the existing shareholder and central bank settlement membership categories. The affiliated settlement membership category allows institutions to have…

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January 25, 2017 BY Valentina Kirilova

Gas trading platform PEGAS launches time spread products

PEGAS, the pan-European gas trading platform operated by Powernext, announced the successful introduction of time spread products on its PEGAS Futures hubs (CEGH VTP, GASPOOL, NBP, NCG, PEG Nord, PSV, TTF and ZEE) on 24 January 2017. The new contracts are available via the Trayport® Exchange Trading System (ETS), as well as the Straight Through…

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January 25, 2017 BY Valentina Kirilova

Australia forex broker GO Markets caps GBP pair leverage at 100x

Due to the ongoing Brexit related uncertainty in Britain, Australian retail Forex and binary options broker GO Markets announced that is capping leverage rates across all sterling (GBP) pairs to a maximum of 1% (100:1). Head of Trading, Tom Williams, says the leverage cap is largely a pre-emptive measure to mitigate against negative outcomes caused…

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January 25, 2017 BY Valentina Kirilova

LCH SwapAgent to connect to AcadiaSoft Hub

LCH clearing house announced today that its LCH SwapAgent service will supply risk calculation data to the AcadiaSoft Hub following the planned launch of LCH SwapAgent in H1 2017. Connecting LCH SwapAgent to the AcadiaSoft Hub will further streamline the margining process for the banks already using The Hub to comply with the non-cleared margin rules,…

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January 25, 2017 BY Valentina Kirilova

UK Bond Network to offer tax-efficient Innovative Finance ISAs

FCA-authorised UK Bond Network, the alternative finance provider that specialises in structuring and distributing investment opportunities in secured corporate bonds, has moved a step closer to offering a tax-efficient individual savings account (ISA), having been authorised as an ISA manager by HMRC. Announced in George Osborne’s 2015 Budget and launched last April, the Innovative Finance…

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January 25, 2017 BY Valentina Kirilova

BGC Brokers collaborates with Pirum Systems to launch ColleX for managing post-trade

BGC Brokers L.P. a subsidiary of BGC Partners, Inc. group (NASDAQ: BGCP), announced that it is collaborating with Pirum Systems, the company, specializing in connectivity and real-time straight-through processing (STP) to the securities finance industry, to launch BGC's latest offering ColleX and improve post-trade efficiency for clients. ColleX provides clients a platform for collateral trading. Specifically,…

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