August 19, 2016 BY LeapRate Staff

CFTC charges FXCM with undercapitalization related to the 2015 Swiss Franc spike - but why now?

In a very bizarre filing, the U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action today against the Forex Capital Markets LLC unit of Retail Forex broker FXCM Inc (NYSE:FXCM), charging FXCM with undercapitalization, failure to timely report its undercapitalization violation, and guaranteeing against customer losses. What's bizarre about the CFTC filing? The filing…

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August 18, 2016 BY Valentina Kirilova

Anthony Bergen joins Cold Mountain Capital as CFO

Cold Mountain Capital, LLC, a U.S. private equity and management firm, has announced the appointment of Anthony "Tony" Bergen, CPA, as Chief Financial Officer effective immediately. David Nolletti, Cold Mountain co-founder and chief executive officer stated: Tony is exceptionally well-qualified to serve as CFO of Cold Mountain. His technical skills and broad experience base make…

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August 18, 2016 BY Valentina Kirilova

EEX holds final TCAP auction before CAP2 auctions begin in

In today’s primary market auction on behalf of the European Commission and the participating EU Member States, a volume of 1,712,500 EUA has been auctioned at a price of EUR 4.55 per EUA on the European Energy Exchange AG (Germany's energy exchange, EEX) spot market. This has been the last auction taking place within the framework…

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August 18, 2016 BY Valentina Kirilova

CPMI-IOSCO publish a second consultative report

The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have published for public comment a second consultative report on Harmonisation of the Unique Product Identifier (UPI). The consultative report makes proposals for the harmonised global UPI, whose purpose is to uniquely identify over-the-counter (OTC) derivatives products that authorities…

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August 18, 2016 BY LeapRate Staff

Clearing FX trades, distributed ledger technology and a contest for brokers: interview with FXCH's Franck Mikulecz

LeapRate Exclusive Interview... Retail Forex brokers are typically the ones running contests for their clients (and to attract new clients). However it came to our attention that someone is running a contest for the Retail Forex brokers: new Ireland-based FX central clearing provider FXCH. FXCH is a new approach to Spot FX clearing, settling trades utilizing…

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August 18, 2016 BY Valentina Kirilova

ETFGI reports assets invested in ETFs/ETPs listed globally reached a new record high of 3.343 trillion US dollars at the end of July

ETFGI, the independent research and consultancy firm on trends in the global ETF/ETP ecosystem, has reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.343 trillion at the end of July 2016. Net flows gathered by ETFs/ETPs in July were strong with US$52.68 billion of net new assets gathered during the month marking…

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August 18, 2016 BY Valentina Kirilova

CLS announces July volumes, ADV down with 9.7% MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for July 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,050,046 down 9.7% from 1,163,083 in June 2016. The average daily input value submitted to CLS was USD4.69…

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August 18, 2016 BY Valentina Kirilova

ASX announces full 2016 results, revenue up $45.6 million

Australia Securities Exchange (ASX) has just announced its full-year results. Some of the highlights include: Revenue up $45.6 million Growth in all business lines underpinned by higher trading activity and robust capital raisings Expenses up $10.5 million EBITDA up $35.1 million, increase of 6.5%, NPAT and DPS up 5.7% Continued strategic technology investment • Futures…

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August 18, 2016 BY Valentina Kirilova

Thomson Reuters sees successful upswing in Eikon Messenger clients in South Korea

Thomson Reuters has seen a surge in financial services clients joining Thomson Reuters signature messaging platform, Eikon Messenger, in South Korea. Following the announcement that Yahoo will begin shutting down its legacy messaging client and API service between August 5, 2016 and Aug 31, 2016, financial services firms in South Korea are choosing Eikon Messenger as…

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