October 05, 2016 BY LeapRate Staff

Payoneer raises $180 million from TCV and Susquehanna to grow its cross-border payments platform

Digital payments platform provider Payoneer has announced today that it has completed the first closing of a significant growth equity financing totaling $180 million. Late stage venture capital investor Technology Crossover Ventures (TCV) led the round, and was joined by existing Payoneer investor Susquehanna Growth Equity. We had reported last year that Payoneer had raised $50 million,…

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October 05, 2016 BY Valentina Kirilova

Investment adviser charged with cherry-picking and misleading clients

The Securities and Exchange Commission (SEC) has announced fraud charges against an investment adviser accused of “cherry-picking” profitable trades for his own account rather than a client’s accounts, and misleading seniors and other clients about the fees he charged and the risks in investments he recommended. The SEC Enforcement Division alleges that Laurence I. Balter and…

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October 05, 2016 BY Valentina Kirilova

Eurex’ MSCI segment reaches 1 million contracts of open interest for the first time in September

Deutsche Börse has just announced Eurex' September report. The investment behaviour of the buy side is undergoing structural changes. Passive products like Exchange Traded Funds (ETF) are gaining momentum. This changes the investment behaviour on the derivatives markets and increasingly shapes the product offering of exchanges. Eurex CEO Thomas Book commented when presenting Deutsche Börse Group’s…

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October 05, 2016 BY Valentina Kirilova

Thomson Reuters launches ONESOURCE Indirect Tax Development Partner Program

Thomson Reuters has announced the launch of the Thomson Reuters ONESOURCE Indirect Tax Development Partner Program, a comprehensive program designed to allow and empower developers at third-party firms, independent software vendors and value-added resellers to build, sell and support apps that extend the functionality of the ONESOURCE Indirect Tax platform. Chris Carlstead, managing director, Indirect…

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October 05, 2016 BY Valentina Kirilova

SFC bans a former employee of HSBC for life

The Securities and Futures Commission (SFC) has banned Ms Chen Chia Hui, a former employee of The Hongkong and Shanghai Banking Corporation Limited (HSBC), from re-entering the industry for life following her conviction for bribery. The District Court found that Chen, a relationship manager of HSBC at the material time, accepted a secret commission in…

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October 05, 2016 BY Valentina Kirilova

ICAP and VC firm Accel put $16 million into OpenGamma

OpenGamma, the open source financial software pioneer and provider of derivatives risk analytics, has raised over $16 million from institutional investors. The funds will be used to address increasing demand from financial institutions for more efficient use of capital and technology resources. By deploying an innovative range of software-as-a-service (SaaS) solutions based on an open…

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October 05, 2016 BY LeapRate Staff

CFI Markets eases margin requirements on various FX and CFD instruments

CySEC regulated retail forex broker CFI Markets has issued a note to clients, indicating that it is now easing margin requirements on certain currency pairs and other financial instruments. CFI had taken steps around the June Brexit vote to limit client trading leverage by raising required margins. Those margin requirements were eased somewhat soon after…

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October 05, 2016 BY Valentina Kirilova

ICE Data Services launches Best Execution service for fixed income in EMEA

Intercontinental Exchange (NYSE:ICE), the operator of global exchanges and clearing houses and provider of data and listings services, has announced ICE Data Services has expanded coverage for its Best Execution service to include sovereign and corporate bonds in Europe, the Middle East and Africa (EMEA). Best Execution leverages ICE’s fixed income Continuous Evaluated Pricing to measure best…

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October 05, 2016 BY LeapRate Staff

Former Gain Capital COO Chris Calhoun joins board of UK business

LeapRate Exclusive… LeapRate has learned via regulatory filings that the former COO of Gain Capital Holdings Inc (NYSE:GCAP), Chris Calhoun, has (sort of) rejoined the company, at least in a non-executive capacity. Calhoun has joined the board of directors of Gain Capital UK Limited, the London-based FCA regulated arm of Gain Capital and its Forex.com…

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