June 14, 2016 BY LeapRate Staff

ESMA grants CME Group application for recognition as an EU clearing house

Pan-European financial regulatory body ESMA (European Securities and Markets Authority) announced today that it has accepted the application of Chicago-based CME Group Inc (NASDAQ:CME) to be recognized as a central counterparty (CCP) in the EU. The European Markets Infrastructure Regulation (EMIR) requires third-country CCPs to be recognized by ESMA in order to operate in the European Union.…

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June 14, 2016 BY LeapRate Staff

What's behind Bitcoin's price spike? Brexit? China? Something else?

Anyoption analyst Elise Blanford takes an interesting look at what is happening right now in the cryptocurrency market, as Bitcoin is leading a charge upward in prices. For more of Elise’s research see the Anyoption blog. [divide] While Bitcoin has had a particularly tumultuous year, the recent surge higher in prices comes amid numerous factors…

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June 14, 2016 BY Mike Fox

Abu Dhabi Global Market and Cayman Islands Monetary Authority sign MoU

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) and the Cayman Islands Monetary Authority (CIMA) signed a Memorandum of Understanding (MoU) putting in place a framework for mutual assistance and exchange of information to foster high standards of regulatory practice and compliance in both jurisdictions.  The agreement was signed on 9…

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June 14, 2016 BY Mike Fox

Vantage FX implements wide ranging "Brexit" leverage cuts

Vantage FX, a Sydney headquartered Australian Securities and Investments Commission regulated brokerage announced today in light of the possibility of increased volatility in global financial markets due to the upcoming Brexit Referendum, the broker has conducted a review of risk management policies surrounding "Brexit." As a result of this review, Vantage FX has decided to implement a two stage adjustment to…

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June 14, 2016 BY Mike Fox

FXPRIMUS launches new range of oil instruments

CySEC regulated FXPRIMUS today has announced the launch of new tradable instruments: Brent Crude Oil (UKOIL) and WTI (OIL), and Spot Oil, which is non-expiring (USOIL.sp & UKOIL.sp). This move follows the launch of FXPRIMUS’ new three pillar strategy to provide SAFETY through EDUCATION and TECHNOLOGY, whereby the company places greater emphasis on the provision of…

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June 14, 2016 BY LeapRate Staff

M&A Monday at Broadridge: acquires DST Systems’ customer communications and onboarding business

The M&A lawyers at Broadridge must have been very busy this weekend. In its second acquisition announced today, financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that it has agreed to buy the North American Customer Communications (NACC) business of DST Systems, Inc. (NSYE:DST) for $410 million in cash, subject to customary working capital and…

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June 14, 2016 BY LeapRate Staff

Broadridge buys 4sight Financial Software to build its securities financing business

Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that it has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial Software Limited, a leading provider of securities finance and collateral management systems to financial institutions worldwide. 4sight will be integrated as part of Broadridge Securities Financing and Collateral…

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