UK regulator PSR provides guidance on monitoring and enforcing payment card Interchange Fee Regulation LeapRate

May 19, 2016 BY LeapRate Staff

UK regulator PSR provides guidance on monitoring and enforcing payment card Interchange Fee Regulation

Further to our earlier coverage on new EU payment card legislation to lower Interchange Fees on credit and payment cards, the UK payments regulator PSR has today issued draft guidance setting out how it will monitor and enforce newer elements of Interchange Fee Regulation (IFR) which come into effect in June. It explains that acquirers - companies…

May 19, 2016 BY Maria Nikolova

LCH's SwapClear compresses more than $1 quadrillion of cleared notional

International clearing house LCH today announces that its SwapClear service has compressed a total of more than 8.4 million cleared trades, representing $1 quadrillion in notional since it commenced offering compression services in 2008. The milestone follows a number of recent innovations in SwapClear’s compression offering which have substantially increased the number of trades eligible…

May 19, 2016 BY LeapRate Staff

Ayondo hires Daiwa Securities' Rick Fulton as CFO ahead of planned IPO

FCA regulated social trading pioneer Ayondo has announced the appointment of Rick Fulton as its new Chief Financial Officer (CFO). Rick Fulton is joining Ayondo from Daiwa Securities, where he was Managing Director, Regional CFO Asia and Oceania. He previously held senior positions at Royal Bank of Scotland and Deutsche Bank in London, and was also CFO…

May 19, 2016 BY LeapRate Staff

Ayondo hires Daiwa Securities' Rick Fulton as CFO ahead of planned IPO

May 19, 2016 BY LeapRate Staff

Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150

It looks like another unit of Teddy Sagi's online gaming and trading holding company Playtech PLC (LON:PTEC) is going through a series of large scale layoffs. After LeapRate's exclusive report earlier this year about mass firings at Playtech Retail Forex unit Markets.com in a restructuring of its sales, retention and customer service operations, it now appears as if…

May 19, 2016 BY LeapRate Staff

Not all roses in Teddy Sagi's world: Playtech's X-Wise unit lays off 150

May 19, 2016 BY Maria Nikolova

Darwinex launches new feature allowing traders to hide strategies

Darwinex has announced the addition of a new feature, in response to traders' feedback. The new feature enables traders to hide one (or more) of their strategies so that other users cannot see what they are working on. This is particularly useful for traders who want to make use of Darwinex's spreads & execution conditions…

May 18, 2016 BY Mike Fox

TradingScreen announces leadership changes

Long time Board Members take Executive Committee, Chairman and CEO posts.

May 18, 2016 BY LeapRate Staff

Raymond James gets $17 million FINRA fine for systemic Anti-Money Laundering (AML) failures

US securities regulator The Financial Industry Regulatory Authority (FINRA) has announced a fine against units of Raymond James Financial, Inc. (NYSE:RJF) totaling $17 million for what it called widespread failures related to the firm's anti-money laundering (AML) programs. The fines were for failing to establish and implement adequate AML procedures, which resulted in Raymond James' failure…

May 18, 2016 BY LeapRate Staff

FXDD becomes first Retail Forex broker to launch Tradency's new RoboX algo trading tool

Retail forex broker FXDD Global and financial technology provider Tradency have announced that FXDD will become the first major broker to offer investors access to Tradency's new RoboX tool. RoboX is a new algo trading machine based on powerful packages of proprietary trading strategies. These trading packages are accompanied by proprietary risk matching engines which tailor each trader with…