Interesting idea to build traffic - give away money. Well, at least in digital currency called Steem Dollars. Yesterday, a rapidly expanding social media site called Steemit (www.steemit.com) gave away digital currency worth approximately $1.3 million to its users. It wasn't a hoax or a stunt - it is all part of the plan for Steemit, a…
Read moreThe about to be merged business and financial information providers IHS Inc. (NYSE:IHS) and Markit Ltd (NASDAQ:MRKT) have announced that the combined company, which will be renamed IHS Markit Ltd., will be listed on the Nasdaq Global Select Market under the new trading symbol 'INFO'. IHS and Markit announced their plans for a $13 billion merger…
Read moreAfter yesterday's vote of London Stock Exchange Group shareholders approving the LSEG's merger with Deutsche Borse AG, Deutsche Borse put out the following statement - in part to reiterate the two group's plans of fully proceeding with the merger despite the UK 'Leave' vote in the Brexit referendum. [divide] Statement by Deutsche Börse AG on London…
Read moreCommodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced today that it has substantially completed its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp. Details about the acqusition were provided last week. The July 1, 2016 closing involved three broker…
Read moreThe British Pound has continued drifting downward to multi-decade lows in Monday trading, with the GBPUSD Cable trading with a 1.30 handle for the first time since the 1980s. It was only this morning that the GBP broke below the $1.32 level for the first time post-Brexit. For the day, the GBPUSD is down 1.62%,…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated stock broking house Templeton Securities is launching its own branded retail forex outfit, called appropriately TempletonFX. The TempletonFX website just went live last week. LeapRate spoke today with TempletonFX co-founder and Director Mike Andrews on the decision to launch a retail forex brokerage, and how TempletonFX plans…
Read moreSure we all are thrilled about everything that happens around Brexit. There's been lots of drama since David Cameron announced he was resigning shortly after the referendum. All news about the new British Prime Minister are almost as exciting as the referendum itself. Unfortunately we won’t know who will take Cameron's place until September 9. Until then…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) has reported spectacular June trading volumes, as we've seen so far at other institutional trading venues, driven largely by Brexit induced volatility. Foreign exchange volumes averaged 1.02 million contracts per day in June 2016, up 3% YoY from June 2015 but 42% MoM above May. Highlights for June…
Read moreLeading retail forex broker Saxo Bank has issued its June FX volumes results, which made its highest peak of $261 billion since early 2015. Saxo Bank’s daily average is seen to be $11.9 billion this month – just a bit higher than last month’s $11.6 billion. Compared to last year’s results for the same period, the…
Read moreColt PrizmNet, the financial extranet developed by Colt, has continued to grow its footprint in Asia by connecting to Equinix’s International Business Exchange (IBX) data centres in Hong Kong (HK1) and Singapore (SG1). Colt can now interconnect with key FX centres, both globally and across Asia, including direct connectivity to Equinix’s TY3 data centre in Tokyo, the largest FX trading facility in Asia, as well as Sydney…
Read more