ESMA: Opinion on Danish pension scheme to be exempt from central clearing under EMIR LeapRate

August 03, 2016 BY Valentina Kirilova

ESMA: Opinion on Danish pension scheme to be exempt from central clearing under EMIR

The European Securities and Markets Authority (ESMA) has issued an opinion regarding the exemption of a Danish pension scheme from the obligation to centrally clear OTC derivative contracts under the European Market Infrastructure Regulation (EMIR). Pension scheme arrangements meeting certain criteria were granted a transitional exemption from the clearing obligation under EMIR. Some pensions schemes…

August 03, 2016 BY LeapRate Staff

TechFinancials shares soar 64% after providing First Half 2016 update

Binary options platform provider and operator TechFinancials Inc (LON:TECH) saw its share price soar by 64% on Wednesday, after reporting a brief First Half 2016 Trading Update. The TechFinancials update indicated that EBITDA increased by over 80% from last year 1H, from US$0.55 million to in excess of US$1 million. Relatively rosy comments from TechFinancials CEO Asaf…

August 03, 2016 BY Valentina Kirilova

BSO adds to its low latency network services between NY and Chicago

Good news for people living anywhere between NY and Chicago! BSO, the Ethernet network, cloud and hosting provider, is expanding into the United States with the introduction of a metro fibre network in New York City’s financial district. The first of the company’s North America expansion announcements, BSO is lighting up Equinix NY4 – Equinix NY9 –…

August 03, 2016 BY Valentina Kirilova

TOCOM's ADV is up 5.9% MoM in July 2016

The Tokyo Commodity Exchange (TOCOM) has announced today that average daily volume for July 2016 was 122,163 contracts, up 5.9% month over month. TOCOM’s major contracts had mostly higher volume; Gold Standard increased 13.5% to 47,217 contracts and Platinum Standard rose 25.1% to 14,159 contracts. This outweighed decreases in a few contracts such as Dubai…

August 03, 2016 BY Mike Fox

Gold, Pound and Rupee trading lead DGCX to record setting July

The Dubai Gold and Commodities Exchange (DGCX) reported volume metrics today for July with the exchange reported it has crossed over 11 million contracts this year already, growing 49% from last year. The overall volumes in July 2016 touched 1,674,268 contracts, registering a massive year-on-year (YoY) increase of 47%, driven largely by elevated trade volumes…

August 03, 2016 BY Mike Fox

GMO Click spot Forex volumes rise 5% in July, on-exchange FX down 10% MoM

GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for July 2016, with volumes clocking back to back monthly gains in its FX Neo OTC margin trading platform. With the yen continuing to build strength, trading volumes have bounced back now in consecutive months to hold back above ¥1…

August 03, 2016 BY Valentina Kirilova

SGX adds China Jinjiang Environment to Mainboard

Singapore Exchange (SGX) has welcomed China Jinjiang Environment to Mainboard under the stock code BWM. Jinjiang Environment is the first private waste-to-energy (WTE) operator in the People’s Republic of China (PRC), with the largest treatment capacity. Its business primarily focuses on the planning, development, construction, operation and management of waste-to-energy facilities. Jinjiang Environment provides energy management…

August 03, 2016 BY Valentina Kirilova

MahiFX welcomes Nick Mortimer as Head of Retail Sales

After launching the MFX Vector order management system, alongside with redesigning its website this year, MahiFX has announced that it is about time to create role for Head of Retail Sales, designed with the aim of managing and developing MahiFX's retail division. Nick Mortimer joins their team to lead the Head of Retail Sales position. The newly created…

August 03, 2016 BY Valentina Kirilova

ICAP's EBS volumes are down 15% MoM in July 2016

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for July 2016. EBS volumes are down 15% MoM, US Treasury has dropped to 153.8 for the same period of time. US Repo is steady at 211.3 this month, European Repo (in EUR billions) - 169.4. See…

August 03, 2016 BY Valentina Kirilova

Early Warning and Fiserv extend reach of real-time P2P payments

Real-rime payments, authentication and risk mitigation company Early Warning Services, LLC and Fiserv, Inc. (NASDAQ: FISV) have announced a strategic alliance to extend the availability of real-time person-to-person (P2P) payments. The combination of the two companies will broaden consumer access to compelling, secure, real-time P2P payment capabilities. The P2P payments landscape is competitive and highly…