October 24, 2016 BY Valentina Kirilova

Synchrony Financial joins R3 distributed ledger consortium

Financial innovation firm R3 has announced the addition of Synchrony Financial (NYSE: SYF) to its partnership dedicated to designing and applying distributed and shared ledger-inspired technologies to global financial markets. Synchrony Financial – the first credit card company to join the consortium – will be collaborating with numerous financial institutions to develop ground-breaking commercial applications for…

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October 24, 2016 BY Mike Fox

TriOptima and SwapClear include first client-cleared trades in triReduce swap compression

TriOptima, a leading provider of OTC derivatives post-trade risk management services and infrastructure, announces today that the first client-cleared trades were included in the most recent SwapClear compression cycle for Canadian Dollar (CAD) interest rate swaps. The entire CAD cycle had 18 participants who eliminated $1.38 trillion CAD (US$ 1.05) in notional principal. Client-cleared trades…

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October 24, 2016 BY Valentina Kirilova

ASIC seeks orders to wind up investment and technology companies

ASIC has applied to the Supreme Court of Queensland for orders to wind up two public companies, Gognos Holdings Ltd (Gognos) and Dynamic Agri Tech Ltd (Dynamic), on just and equitable grounds. In particular, ASIC alleges that: the companies have been involved in multiple contraventions of corporations legislation and are not complying with their obligations…

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October 24, 2016 BY Valentina Kirilova

US online trading consolidation continues with TD close to $4 billion Scottrade deal

TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion. TD Ameritrade would acquire Scottrade’s brokerage operations for about $2.7 billion in cash and stock, while Toronto-Dominion would purchase Scottrade’s banking operations for $1.3 billion in cash, according to…

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October 24, 2016 BY Valentina Kirilova

Invast Securities' PurePrime adds liquidity from Citadel

Citadel Securities, an international market-maker across the equities, futures, options, treasuries, FX and swaps markets, has partnered with Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), to become the newest liquidity provider available via the Invast Global multi-asset prime services facility, PurePrime. PurePrime now offers disclosed bank, non-bank and ECN liquidity with aggregation of more than 20 unique FX…

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Plus500 fiscal year 2017 volumes
October 24, 2016 BY Valentina Kirilova

Plus500 sees strong Q3 with revenue up 14% YoY

CFD broker Plus500 Ltd (LON:PLUS) has provided a trading update for the three and nine months ended 30 September 2016. In the nine months ended 30 September 2016, revenue was $236.3m an increase of 14% compared to the same period last year. However, strictly Q3 revenue compared to last year was slightly down 4% to…

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October 21, 2016 BY Mike Fox

NFA’s website affected by cyber attack

The National Futures Association (NFA) has reported cyber attacks on their website tonight. As reported earlier on LeapRate, there have been cyber attacks today affecting many popular websites on an internet infrastructure provider that hosts a number of these major websites. NFA relies on this internet infrastructure provider and its website has been affected by this attack.…

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