June 22, 2016 BY LeapRate Staff

Moscow Exchange completes first stage of migration to new DataSpace1 data center

Russian bourse operator Moscow Exchange has announced that it has completed the first step to migrate its infrastructure to a new data center. DataSpace1 will be used as a disaster recovery (DR) site for the Exchange's trading and clearing platforms from 23 July 2016 through the end of November 2016, at which time it will become the primary data centre for Moscow Exchange.…

Read more
June 22, 2016 BY LeapRate Staff

The 3 most overlooked pitfalls in Risk Management at Forex Brokers

Valentine Piotrovich, Head of Sales at MT4 technologies provider Takeprofit Technology, takes a look at what Retail Forex brokers sometimes do and don't do right when setting Risk Management policies, and in implementing them. Takeprofit’s products include A and B-book risk management solutions, the Klondike liquidity bridge, and the Ashira automated dealer anti-cheating defense. Takeprofit’s clients…

Read more
June 21, 2016 BY LeapRate Staff

ICAP looking to sell oil broking business to satisfy competition regulator in Tullett Prebon deal

Interdealer broker ICAP plc (LON:IAP) issued a statement today relating to its plans to sell its plans to sell its hybrid voice broking and information business to Tullett Prebon. we had recently reported that the proposed deal was in jeopardy after the the UK's competition watchdog, the Competition and Markets Authority (CMA), had decided to upgrade its review of…

Read more
June 21, 2016 BY Mike Fox

Euroclear and itBit collaborate on blockchain solution for gold market settlement

Euroclear and itBit, a financial services company delivering blockchain services for capital markets, today announced their collaboration to explore opportunities in creating a next generation settlement service for the London gold market. The settlement of unallocated gold is a very capital-intensive process. Euroclear and itBit are working with relevant market participants to develop a service…

Read more
June 21, 2016 BY Mike Fox

TMX Group signs MoU With Shanghai Clearing House focused on RMB

TMX Group and Shanghai Clearing House (SHCH) today announced the signing of a Memorandum of Understanding (MoU) to establish a cooperative relationship to share information with respect to each other's businesses and explore opportunities for collaboration. Under the terms of the MoU, TMX Group and SHCH will form a working group to evaluate joint business…

Read more
June 21, 2016 BY Mike Fox

DMM FX halts trading in GBP and EUR pairs

DMM FX Australia, who is closing up shop this summer as reported by LeapRate back in May is taking no extra risks before winding down. Today they notified current clients that due to an increased risk following the Brexit referendum and to further protect clients’ positions during this event, trading will be suspended from 07:10hrs (server time) for…

Read more
June 21, 2016 BY Mike Fox

Forex Club reduces leverage to 1:20 before Brexit vote

Only two days remain until the Brexit referendum and brokers are still maneuvering their risk controls before Thursday. Today we learned that brokerage Forex Club, whose Russian company, FOREX CLUB LLC, is a founding member of CRFIN issued a notice stating that the UK's EU referendum, may cause significant volatility and liquidity problems in the market that can…

Read more