January 16, 2017 BY Valentina Kirilova

CBOE launches second in series of social media-based strategy benchmark indexes

Chicago Board Options Exchange (CBOE) announced that it has launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of sentiment-based strategy benchmark indexes designed to capitalize on short-term market momentum based on Social Market Analytics’ (SMA) social media metrics. The CBOE-SMLCW Index is reconstituted every Friday at 8:30 a.m. CT, representing…

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January 16, 2017 BY LeapRate Staff

Forex Week in Focus, January 16-20: May speech on Brexit, Trump inauguration, Bank of Canada & ECB meetings

The following article is based on research by Marshall Gittler, Head of Investment Research for FXPRIMUS. FXPRIMUS Week in Focus for the week beginning 16 Jan:  May speech on Brexit, Trump inauguration, Bank of Canada & ECB meetings Expectations of fiscal stimulus by the incoming Trump administration gave rise to “Trump Trades” that pushed US…

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January 16, 2017 BY Valentina Kirilova

CFTC unanimously approves proposals on swaps data and other amendments

The U.S. Commodity Futures Trading Commission (CFTC) unanimously approved proposed changes to swap data rules that implement Congressional action to remove indemnification requirements for the use of swap data by other regulators. In a separate proposal, the Commission voted to update Parts 3 and 9 to integrate existing advisory guidance, incorporate swap execution facilities (SEFs),…

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January 16, 2017 BY Valentina Kirilova

R3 has company: new Blockchain consortium formed by 7 leading banks

Appears that somebody's been following R3's footsteps lately... a group of seven banks has agreed in principle to develop a shared platform that aims to make domestic and cross-border commerce easier for European small and medium-size (SME) businesses by harnessing the power of distributed ledger technology. Deutsche Bank, HSBC (HSBC also joined R3 as well…

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January 16, 2017 BY Valentina Kirilova

Prime broker Divisa Capital raises $100 million from Gulf investors

Innovative brokerage and trading technology solutions provider Divisa Capital just announced US$100 million of funding from an investor in the Gulf region, subject to regulatory approvals. The funding is comprised of an initial tranche of US$70 million from the principal behind a Saudi Arabian family office. Additional tranches from a consortium of investors in Saudi…

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January 16, 2017 BY Valentina Kirilova

FCA warns on Belmont Group/Belmont Wealth Advisory firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Belmont Group/Belmont Wealth Advisory. Belmont Group/Belmont Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying…

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January 16, 2017 BY Valentina Kirilova

Bats Auction Mechanism BAM launched on EDGX Options Exchange

Bats Global Markets, Inc. (Bats:BATS) announced the successful launch of the Bats Auction Mechanism (BAM), providing price improvement opportunities for customer orders. The company began rollout of the new functionality on the EDGX Options Exchange on January 4th and completed it, with no disruption to customers, on January 10th. The company’s two U.S. options exchanges,…

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January 16, 2017 BY LeapRate Staff

Morgan Stanley ups position in CFD broker Plus500 to 6.3%

LeapRate Exclusive... It looks like a number of heavy hitters are betting on a comeback in the share price of CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares, and those of other leading UK online brokers including IG Group Holdings plc (LON:IGG) and CMC Markets Plc (LON:CMCX), were hit hard last month following new proposed rules unveiled…

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