May 11, 2016 BY Maria Nikolova

Russia's NSD announces successful conducting of first PVP settlements

A follow-up to LeapRate's earlier report about Russia’s National Settlement Depository (NSD), part of the Moscow Exchange group of companies, launching a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1)... NSD announced on Tuesday that the first PVP-1 settlements were successfully conducted by JSCB Derzhava PJSC and PJSC JSCB Metallinvestbank…

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May 11, 2016 BY Maria Nikolova

Australian FX broker Ikon implements measures to rectify client trust accounts, improve disclosure

Concerns raised by the Australian Securities & Investments Commission (ASIC) have led to retail over-the-counter (OTC) derivative issuer Ikon (Australia) Pty Ltd (Ikon) to implement measures to rectify client trust accounts and improve disclosure. The company has agreed to separate client money held in compliance with its obligations under the Corporations Act, from money held…

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May 10, 2016 BY Mike Fox

IPC launches 'FX Hub' a low latency, co-located performance solution

IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it has launched FX Hub, a low latency, co-located performance solution engineered to address the industry’s most complex trading challenges. IPC’s FX Hub is centered at the heart of the global foreign exchange markets,…

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May 10, 2016 BY Mike Fox

Ayondo doubles Revenues in 2015 to £7.3 million

FCA regulated social trading focused firm Ayondo today reported 2015 company financial updates. The firm recorded its first profitable month in July 2015, which led to a profitable 2nd half of the year. Top line growth more than doubled by 115% to £7,349,991 in 2015 from £3,418,979 in 2014. However, the company sustained losses of…

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May 10, 2016 BY Mike Fox

FX prime broker Divisa Capital confirmed as Watford Football Club official partner

English football Premier League team WATFORD FC announced today that it has reached an agreement with London based FCA regulated multi-asset ECN Divisa Capital to be the club’s new Official Foreign Exchange Partner. Commencing immediately, the deal will run for the next three seasons. Under the terms of the agreement, Divisa Capital will play a critical role in helping the…

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May 10, 2016 BY LeapRate Staff

Gold-i enhances MetaTrader MAM post-trade allocation tool

MT4 systems integrator Gold-i has announced the launch of its MAM Pro, replacing its current MAM post-trade allocation tool product for brokers and money managers. The new Gold-i MAM Pro, available by the end of May, has an enhanced User Interface and simplified configuration. New features for this advanced post-trade allocation tool include: Multiple exclusion rules…

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May 10, 2016 BY Mike Fox

CFTC settles and files charges against Chicago FCM for segregated accounts, filing omissions

The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Cunningham Commodities, LLC (Cunningham), a registered Futures Commission Merchant (FCM) based in Chicago, Illinois. The Order finds that Cunningham violated CFTC’s Regulations that: 1) require an FCM to immediately report to the CFTC any deficiency in its customer…

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