CME Group sees record 7.56 million SOFR futures and options contracts on 12 January LeapRate

January 16, 2023 BY Steffy Bogdanova

CME Group sees record 7.56 million SOFR futures and options contracts on 12 January

Additionally, the derivatives marketplace operator also reported that average daily volume (ADV) of SOFR futures and options traded reached 4.7 million contracts in the first two weeks of January. CME Group stated in the official press release: Month-to-date January 2023 SOFR futures ADV is equivalent to 572% of Eurodollar futures ADV and SOFR options ADV…

January 16, 2023 BY Steffy Bogdanova

HKEX appoints Bonnie Y Chan as Co-COO and announces other management changes

As Co-COO and Head of Equities, Yiu will continue oversee the operation of HKEX’s cash, derivatives, clearing and depository businesses. Additionally, he will also continue to serve as Chief Executive of both The Stock Exchange of Hong Kong Limited and Hong Kong Futures Exchange Limited. As the new Head of Listing , Katherine Ng will…

January 16, 2023 BY Steffy Bogdanova

FTX allowed to sell LedgerX and other assets

Court filings reveal around 117 interested parties have lined up for FTX’s subsidiaries. The collapsed crypto exchange’s lawyers sought after the sale of the assets earlier in December citing loss of value. Cypriot regulator CySEC suspended the FTX Europe's license and FTX Japan’s operations were suspended. It recently came to light that FTX’s liquidators have…

January 16, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar touches a seven-month low

European Shares Stocks slid lower at the beginning of a new trading week in Europe, after Asian shares registered patchy performances overnight, as bullish sentiment takes a break. Consumer cyclicals and tech shares are among the worst performers today, while healthcare and energy stay as the most resilient sectors, preventing the STOXX-600 from falling further.…

January 16, 2023 BY Steffy Bogdanova

FXOpen introduces commission free trading

FXOpen has been committed to expanding the ECN liquidity in order to provide the tight spreads for traders. Additionally, the broker recently announced its partnership with TradingView, giving their traders access to charting and social network trading platform. Gary Thomson, Chief Operating Officer of FXOpen UK, commented: FXOpen’s ongoing commitment to ensure trading is as…

January 13, 2023 BY Steffy Bogdanova

Daily market commentary: Markets drift in Europe as investors digest the latest US inflation data

The first support can be found over 15,000.0pts while an extension of the market correction could lead prices to test newly established market floors such as the 14,820.0pts zone (23.6% Fibonacci). Pierre Veyret– Technical analyst, ActivTrades Disclaimer: opinions are personal to the authors and do not reflect the opinions of LeapRate. This is not a…

January 13, 2023 BY Steffy Bogdanova

SEC brings charges against Genesis and Gemini for securities law violations

Furthermore, SEC highlighted that in November 2022, Genesis announced it will not allow its Gemini Earn investors to withdraw their crypto assets as it lacked sufficient liquid assets due to volatility in the crypto asset market. The US regulator claims that the Gemini Earn program is essentially an offer and sale of securities under applicable…

January 12, 2023 BY Steffy Bogdanova

Bulgaria takes action against Nexo cryptobank for financial violations

Furthermore, the prosecutor’s office stated that more than 3.6 million transactions have gone through Nexo, some of which involving “risky players”. Nexo has not responded to local media for comment but has posted on Twitter, speaking against the investigation. The company also said that they have taken preventive measures against money laundering. The company tweeted:…

January 12, 2023 BY Steffy Bogdanova

Binance obtains crypto license in Sweden

Richard Teng, Head of Europe and MENA at Binance, commented: Binance continues to demonstrate its commitment to work closely with regulatory agencies to uphold global standards. Our registration in Sweden is the result of many months of diligent, hard work from our team, underpinning our commitment to the Swedish market and our users. We are…

January 12, 2023 BY Steffy Bogdanova

Daily market commentary: The US dollar index is trading almost flat, ahead of US inflation figures release

European Shares Stock markets continued to climb globally on Thursday, as all European benchmarks extended gains ahead of the highly awaited US inflation report. The general sentiment remains clearly bullish this week as investors keep pushing riskier assets higher, boosted by easing recession worries and the prospect of a “soft landing” from the Fed. However,…