June 01, 2016 BY LeapRate Staff

CFTC calls for Roundtable discussion of rules governing automated and algo trading

The U.S. Commodity Futures Trading Commission (CFTC) has announced that its staff will hold a public roundtable meeting, to discuss certain elements of the Commission’s notice of proposed rulemaking regarding Regulation Automated Trading (Regulation AT), including Algo trading. The Regulation AT proposed rules were initially published on December 17, 2015. The CFTC also intends to shortly announce the…

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June 01, 2016 BY Mike Fox

Interactive Brokers May metrics show 3% MoM decline in DARTs

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported its Electronic Brokerage monthly performance metrics for May. Highlights for the month included: 641 thousand Daily Average Revenue Trades (DARTs), 4% higher than prior year and 3% lower than prior month. Ending client equity of $72.5 billion, 9%…

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June 01, 2016 BY Mike Fox

CME reduces CAD/USD futures contract price increment down to half tick

CME Group (NASDAQ: CME) today notified traders that effective Sunday, July 10, 2016 for trade date Monday, July 11, 2016, and pending all relevant CFTC regulatory review periods, CME will reduce the price increment of the Canadian Dollar/US Dollar futures contract down to a half tick commencing with the September 2016 contract month and beyond. Specifically,…

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June 01, 2016 BY LeapRate Staff

Trading revenue slump leads to large investment banker layoffs at Goldman Sachs

Bloomberg is reporting that Goldman Sachs Group Inc (NYSE:GS) has cut dozens of investment banking jobs in the last few weeks, joining securities firms that are adjusting to a slowdown in trading volume and deal activity. Goldman apparently eliminated eliminated dozens of senior positions including Managing Directors, Executive Directors and Vice Presidents across the mergers and debt and…

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June 01, 2016 BY Mike Fox

CFTC permits BVMF and Cleartrade to provide U.S. members direct access

The U.S. Commodity Futures Trading Commission (CFTC) today issued Orders of Registration to the following Foreign Boards of Trade (FBOT): - BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (BVMF), an FBOT located in São Paulo, Brazil; and - Cleartrade Exchange Pte. Limited (Cleartrade), an FBOT registered in Singapore with offices in Singapore and…

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June 01, 2016 BY Mike Fox

itarle opens algorithmic trading service in Zurich

itarle AG (itarle), a leading provider of multi asset algorithmic trading and analytics services for the sell-side, today announced it has established an algorithmic trading service bureau at the Equinix ZH4 data centre in Zurich. Switzerland is also where itarle Global HQ is located along with offices in Dublin and Hong Kong. This latest service has…

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June 01, 2016 BY LeapRate Staff

ESMA posts updated marketing rules for CFDs, Forex and Binary Options

Pan European financial regulatory body European Securities and Markets Authority (ESMA) has just published an updated version of its marketing rules for CFDs, Forex and Binary Options. The update was done in Q&A form, focusing on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs)…

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June 01, 2016 BY LeapRate Staff

Bats Global Markets launches liquidity management provider program for exchange-traded products

Bats Global Markets, Inc. (BATS:BATS), the second-largest stock exchange operator in the U.S., has announced the launch of what it is calling the Liquidity Management Provider (“LMP”) Program on The Bats ETF Marketplace, further incentivizing liquidity providers trading exchange-traded products (ETPs) on Bats. The LMP Program, which was filed with the Securities and Exchange Commission on May 12th, rewards liquidity providers…

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June 01, 2016 BY LeapRate Staff

Moscow Exchange sets new listing rules effective June 7, 2016

Russian bourse Moscow Exchange will implement new listing rules effective as of 7 June 2016. The new rules update the end of the transitional period allowed for issuers to comply with new listing requirements, including corporate governance standards, to 3 October 2016. This will give issuers sufficient time to pass the necessary resolutions at their…

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