March 03, 2016 BY Maria Nikolova

CySEC announces renouncement of CIF authorization of Plasma Enterprises

The Cyprus Securities and Exchange Commission (CySEC) has announced the renouncement of the authorization as Cyprus Investment Firm (CIF) of Plasma Enterprises Ltd, which provides investment services via www.plasma.com.cy. The regulatory announcement, dated March 2, 2016, says that the company renounced the authorization itself on February 22, 2016. The authorization with Νumber 040/04 lapsed from…

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March 03, 2016 BY Maria Nikolova

Hong Kong's SFC warns against two new clones of BlackRock

The Securities and Futures Commission (SFC) of Hong Kong has earlier today updated its Alert List, adding two new clones of investment giant BlackRock, Inc. (NYSE:BLK). The websites www.blackrockltccn.com and www.vipblackrockltccn.com belong to companies that misuse the details (such as the name) of the licensed company. In fact, they have nothing to do with the…

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March 03, 2016 BY Maria Nikolova

Saxo Bank partners with CME Group to expand educational content offering

Multi-asset trading and investment services provider Saxo Bank and international derivatives marketplace CME Group Inc (NASDAQ:CME) today announce a content-sharing agreement that makes CME Group’s educational materials available to Saxo Bank’s clients across the globe. CME Group’s Futures Institute, initially launched in January 2015, collaborates with industry partners to offer top-quality education aimed at providing market…

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March 03, 2016 BY Maria Nikolova

ICAP's EBS volumes mark 1% MoM drop in February 2016

Following a very strong January, markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) reported a decline in trading volumes on its EBS Forex platform during February 2016. Average daily volumes at EBS amounted to $102.6 billion in February 2016, down 1% from the January 2016 reading of $103.8…

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March 03, 2016 BY Mike Fox

Swiss bank BCV deploys LiquidityFX e-FX solution from SmartTrade Technologies

smartTrade Technologies, a multi-asset electronic trading solutions pioneer, announces today that Banque Cantonale Vaudoise (BCV), a Swiss cantonal bank, has released a new hosted FX solution to trade Spot, Forward, Swaps and Precious Metals based on smartTrade’s LiquidityFX. BCV was looking for an end-to-end e-FX trading solution to replace their existing one. smartTrade’s LiquidityFX out-the-box…

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March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

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March 03, 2016 BY Mike Fox

Forex broker interview with Admiral Markets CEO Alexander Tsikhilov

This week LeapRate discussed the FX brokerage business with Mr. Alexander Tsikhilov, the CEO for over 10 years of Estonian based and globally regulated Admiral Markets. To familiarize yourself with the brokerage the latest info shows that Admiral is operating in 35 countries worldwide through various licenses, has nearly 200 employees globally, around 12,000 active clients (active: at…

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