IBM Study: Blockchain adoption moving rapidly in banking and financial markets LeapRate

September 28, 2016 BY Mike Fox

IBM Study: Blockchain adoption moving rapidly in banking and financial markets

Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds two new IBM (NYSE: IBM) studies. 15% of banks and 14% of financial market institutions interviewed by IBM intend to implement full-scale, commercial blockchain solutions in 2017. Mass adoption isn't that far behind with roughly 65% of…

September 28, 2016 BY Valentina Kirilova

IOU Financial and Paysafe partner to fuel small business growth

The online lender IOU Financial (TSX-V: IOU) has entered into a partnership with the global payments provider Paysafe (PAYS: L) to fuel the growth of small businesses in North America. The partnership, which covers the U.S. and Canada, will combine both companies’ market expertise and services to provide small businesses with capital management solutions through…

September 28, 2016 BY Valentina Kirilova

Former financial adviser charged over fraud

Former financial adviser, Gabriel Nakhl, appeared in the Local Court of New South Wales yesterday on 19 charges brought by ASIC of engaging in dishonest conduct with investor funds. ASIC alleges that Mr Nakhl, of Illawong, NSW knowingly engaged in dishonest conduct in relation to twelve investors by: misleading them about the investments he would…

September 28, 2016 BY LeapRate Staff

FxPro triples volumes in its UK arm to $63.5 billion in 2015

Global retail forex and CFDs broker FxPro has released results for its FCA regulated UK subsidiary FxPro UK Limited for 2015, showing that volumes nearly tripled to $63.5 billion for the year (2014: $22.8 billion). Revenues at FxPro UK came in at £2.0 million in 2015, up from £620,000 in 2014. Net Profit was £1.1…

September 28, 2016 BY LeapRate Staff

TechFinancials COO Jeremy Lange on results, the binary options sector, new Association, and more...

LeapRate Exclusive Interview... Our report on first half 2016 results out of binary options platform provider and operator TechFinancials Inc (LON:TECH) caught some of our readers by surprise. While it was heavily rumored in the industry that TechFinancials was considering 'options' for its flagging OptionFair binary option brand, which had been a drag on results…

September 28, 2016 BY Valentina Kirilova

EBS BrokerTec launches EBS Live Ultra

EBS BrokerTec, interdealer broker ICAP plc (IAP.L)'s electronic foreign exchange and fixed income business, has announced that it has gone live with EBS Live Ultra, its fastest FX data product to date. EBS Live Ultra has two data interval rates: 100 milliseconds, the same as the current EBS Live service but with lower latency, and a…

September 28, 2016 BY Valentina Kirilova

Alpari RU closes trading for instruments #BRNZ6 and #ENX6

Russian retail Forex broker Alpari has earlier today announced that from 5th October, 2016, trading using instruments #BRNZ6 and #ENX6 will be set to Close Only mode. On 14th October, 2016, all open positions for these instruments will be closed and pending orders will be deleted. The trading of CFD oil futures for Brent and…

September 28, 2016 BY Valentina Kirilova

CSA publishes update on cyber security for market participants

The Canadian Securities Administrators (CSA) has published CSA Staff Notice 11-332 Cyber Security to promote cyber-security awareness, preparedness and resilience in Canadian capital markets. The cyber-security landscape has evolved considerably in recent years, as cyber attacks have become more frequent, complex and costly for organizations. As a result, the CSA is working to promote cyber-security awareness,…

September 28, 2016 BY Valentina Kirilova

New study finds CBOE Russell 2000 index options benchmarks and options-based funds less volatile

Chicago Board Options Exchange (NASDAQ:CBOE) and Fund Evaluation Group, LLC (FEG) have announced findings from a study of four CBOE strategy performance benchmark indexes designed to track the performance of positions in Russell 2000 (RUT) index options, looking at various aspects of their performance over a 15-year period spanning 2001 through 2016. The study was presented…

September 28, 2016 BY Valentina Kirilova

FXPRIMUS launches new PAMM Service

FXPRIMUS has announced the launch of its new PAMM Service. This new service facilitates the relationship between Skilled Traders (Masters) & Eager Investors (Followers). The FXPRIMUS PAMM Service affords the opportunity for Masters to showcase their performance to the FXPRIMUS customers that are in need of investment services. At the same time, the PAMM service allows…