April 06, 2016 BY LeapRate Staff

TradAir NOW released as real-time trade analytic engine to drive broker platform profitability

eFX trading solutions provider TradAir has launched its latest product, a real-time trade analytic engine called TradAir NOW. TradAir NOW drives platform profitability for forex brokers by empowering firms to more competitively price, and profitably hedge FX flows. It leverages Google BigQuery, provides massive performance and scalability. With TradAir NOW, banks and brokers are able to more competitively price…

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April 06, 2016 BY Maria Nikolova

Barclays and Barclaycard introduce Apple Pay to their UK customers

Less than a year after LeapRate reported about Apple Pay entering the UK market, Barclays PLC (LON:BARC) and Barclaycard announced the availability of the service to their UK clients. Effective April 5, 2016, clients of Barclays and Barclaycard can use Apple Pay to pay at the hundreds of thousands of locations across the UK that accept…

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April 06, 2016 BY Maria Nikolova

Binary Options Scam Watch – MSC warns against Iseebinary.com

The fraud prevention month in Canada just ended but investment scams continue to get new victims, with the latest example provided from Manitoba, where an elderly widow invested all of her savings in an unauthorized binary options firm. The unlicensed entity in question is Iseebinary.com and the woman invested by wiring money to a bank account…

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April 05, 2016 BY Maria Nikolova

Ally Financial acquires TradeKing for $275 million

Confirming LeapRate's earlier report about TradeKing being for sale, the company announced today the signing of an acquisition agreement with Ally Financial Inc (NYSE:ALLY). Under the agreement, Ally Financial Inc will acquire an online broker/dealer, a digital portfolio management platform, and educational content and social collaboration channels. Ally is paying $275 million, subject to certain purchase…

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April 05, 2016 BY Maria Nikolova

Steve McMurray joins BGC Partners as CFO

BGC Partners, Inc. (NASDAQ:BGCP) has just announced that effective April 4, 2016, Steve McMurray became its Chief Financial Officer. Mr McMurray, who joins BGC Partners from insurance provider Amlin, succeeds Graham Sadler, who announced his intention to retire from BGC in February 2015. In his new role, Mr McMurray will be in charge of BGC's…

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April 05, 2016 BY Maria Nikolova

ICAP registers 18% MoM decrease in EBS trading volumes in March 2016

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has earlier today posted its electronic volumes metrics for March 2016, with trading activity on EBS lagging behind February 2016 levels. Average daily volumes at EBS amounted to $83.7 billion in March 2016, down 18% from February's reading of $102.6 billion.…

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April 05, 2016 BY Maria Nikolova

GMO Click's OTC Forex volumes drop 24.6% MoM in March 2016

Japanese online trading services provider GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for March 2016, with the month failing to match the February 2016 achievements. Both OTC and on-exchange trading volumes took a dive in March, although GMO Click saw a rise in Forex accounts.…

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April 05, 2016 BY Maria Nikolova

Monex sees global FX volumes dive in March 2016

Online trading services provider Monex Group, Inc. (TYO:8698) has just published its volumes metrics for March 2016, with numbers down from February 2016 levels. The apparent reasons for the plunge include the sale of FX accounts of TradeStation Forex (IBFX) in Australia and the United States to OANDA last month, as well as seasonal factors. The…

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April 05, 2016 BY Maria Nikolova

R3 Consortium, Microsoft unveil strategic partnership

R3 Consortium and Microsoft Corporation (NASDAQ:MSFT) have unveiled a strategic partnership aimed at bolstering the use of distributed ledger technologies among R3 member banks and international financial markets. R3 also named Microsoft Azure the preferred cloud services provider for its R3 Lab and Research Center serving more than 40 member banks. Under the collaboration, Microsoft…

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April 05, 2016 BY Maria Nikolova

Monex partners with Broadridge over equity and investment trust processing

Japanese Forex broker Monex Inc, part of Monex Group, Inc. (TYO:8698), has selected JASDEC (Japan Securities Depository Center, Inc.) Processing Solution of Broadridge Financial Solutions, Inc. (NYSE:BR) to support its Japanese equity and investment trust processing business. The collaboration will enable Monex to enhance its retail trading and client services and further develop its growth…

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