July 08, 2016 BY Mike Fox

Bitcoin exchange Coinbase gets $10.5 million injection from BTMU

Bitcoin exchange operator and service provider Coinbase just announced that they have formed a strategic partnership with Bank of Tokyo-Mitsubishi UFJ (BTMU) to support Coinbase's long-term international expansion efforts. BTMU is the largest bank in Japan and a subsidiary of the Mitsubishi UFJ Financial Group (MUFG). Additionally, BTMU, Mitsubishi UFJ Capital (MUCAP), and Sozo Ventures have jointly made a strategic investment…

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July 08, 2016 BY LeapRate Staff

IG Group adds ex Tullett Prebon exec Paul Mainwaring as CFO

Online brokerage leader IG Group Holdings plc (LON:IGG) has filled the hole in its management ranks, created earlier this year when its longtime CFO Christopher Hill left the company to become CFO of investments and pension savings provider Hargreaves Lansdown PLC (LON:HL). Following Mr. Hill's departure IG had hired Deloitte partner (and head of Deloitte's Investment Management…

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July 08, 2016 BY Valentina Kirilova

CSA publish consultation paper on Margin and Collateral Requirements for Non-Centrally Cleared Derivatives

The Canadian Securities Administrators (CSA) has published for comment CSA Consultation Paper 95-401 Margin and Collateral Requirements for Non-Centrally Cleared Derivatives. The Consultation Paper proposes a framework for the calculation and exchange of margin and collateral relating to non-centrally cleared derivatives. Louis Morisset, Chair of the CSA and President and Chief Executive Officer of the…

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July 08, 2016 BY Valentina Kirilova

Hong Kong SFC adds FX firm CVC Ltd to its Alert List

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. This time Hong Kong has added…

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July 08, 2016 BY LeapRate Staff

Bitcoin exchange Coinbase ends Canadian Dollar support as Canada partner Vogogo shuts payments business

U.S.-based Bitcoin exchange Coinbase has apparently decided to end support for Canadian Dollar transfers in its system. It was less than a year ago when Coinbase expanded to Canada and decided to partner with Calgary-based payment processor Vogogo Inc (CVE:VGO) to provide transfers to CAD accounts. Coinbase's current decision comes among troubles at Vogogo. In mid June…

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July 07, 2016 BY Valentina Kirilova

The AMF has Published its 2016 Risk Mapping

Brexit-related uncertainty, effects of a low interest rate environment, risk of a sharp re-pricing of assets, structural changes in markets: the AMF has drawn up a mid-2016 current state assessment of the main risks to markets, retail investment, collective investment and the financing of the economy. The AMF has published its tenth risk mapping in…

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July 07, 2016 BY Mike Fox

Singapore Exchange FX Futures volume up 27% MoM

Singapore Exchange (SGX) Asia’s most international, multi-asset exchange today reported market statistics for June 2016. Total FX Futures volume was 642,002, up 27% month on month and up 112% year on year. The strong figures continue the trend across the trading industry which saw "Brexit" induced volatility carry trading volumes to one of the best performing months of the…

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