Lars Seier Christensen, Bjarne Riis to launch World Tour cycling team LeapRate

February 25, 2016 BY Maria Nikolova

Lars Seier Christensen, Bjarne Riis to launch World Tour cycling team

A follow-up to LeapRate's earlier report about the collaboration between Lars Seier Christensen, Saxo Bank co-founder and former co-CEO, and Bjarne Riis, a former manager of the Tinkoff-Saxo team and 1996 Tour de France winner. Earlier today, Mr Riis and Mr Christensen unveiled more information about the project, dubbed Riis*Seier. Both have invested around EUR 5…

February 25, 2016 BY Maria Nikolova

Israeli OCS approves merger of Spondoolies-Tech and Bitcoin firm BTCS

Israel's Office of Chief Scientist (OCS) has approved the proposed merger of blochain technology focused group BTCS Inc (OTCMKTS:BTCS) and Israeli transaction verification server manufacturer Spondoolies-Tech Ltd. The companies receive this regulatory nod of consent about five months after they sealed a definitive merger agreement. The OCS approval is one of two key conditions for…

February 25, 2016 BY Maria Nikolova

Leucadia paints rosy picture of FXCM prospects

Investment holding group Leucadia National Corp (NYSE:LUK) has recently been quite vocal when it comes to FXCM Inc (NYSE:FXCM), to which it extended a $300 million loan following the sharp Swiss franc spike on January 15, 2015. In its annual report for 2015, Leucadia confirmed it was in discussions with the Forex broker over restructuring the…

February 25, 2016 BY Mike Fox

Bloomberg Tradebook adds in-trade functionality to Strategy Analyzer product

Bloomberg Tradebook, Bloomberg's global agency brokerage business, today announced the addition of In-Trade functionality to its award-winning Strategy Analyzer (STAZ) product. STAZ combines the breadth of Bloomberg’s data and analytics with Tradebook's proprietary predictive models to help traders evaluate and adjust their trading strategies in real-time to achieve better execution results. This enhancement to STAZ…

February 25, 2016 BY Maria Nikolova

Liquidators of BlackfortFX/Arena Capital recover only NZ$1.07 million

Grant Robert Graham and Neale Jackson of KordaMentha, who act as Liquidators of now defunct Forex broker BlackfortFX (aka Arena Capital Limited), have published their second report, updating investors about their actions. The liquidators have focused on recovering assets and, according to their report (see table below) they have managed to obtain receipts of NZ$1.07…

February 25, 2016 BY Maria Nikolova

Hong Kong's SFC appoints Julia Leung as Executive Director, Intermediaries Division

Hong Kong's Securities and Futures Commission (SFC) today announces that Ms Julia Leung will become Executive Director, Intermediaries Division, effective June 19, 2016. Ms Leung, who is currently Executive Director, Investment Products, will succeed Mr James Shipton in the key role at the Intermediaries Division. Before joining the SFC, Ms Leung was the Under Secretary…

February 25, 2016 BY Maria Nikolova

FXPRIMUS beefs up offering of MT4 trading tools

CySEC-regulated retail Forex broker FXPRIMUS has made a number of advanced trading tools available to its clients who use the MetaTrader 4 (MT4) platform and request additional functionalities. FXPRIMUS notes that it has made available more than 20 new modules, which can be of help to various categories of traders. The trading tools are accessible to…

February 25, 2016 BY LeapRate Staff

TradEqual launches as Binary Options peer-to-peer exchange - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that a company called Ultima Capital Limited has launched a new Binary Options peer-to-peer exchange called TradEqual. The company was founded by Iftach Drori, an entrepreneur with experience in online marketing and with online trading companies. TradEqual has set itself the very lofty goal of aiming to disrupt the binary options…

February 25, 2016 BY Maria Nikolova

FlexTrade integrates Symphony’s compliant messaging solution into the trading blotter

Provider of multi-asset execution and order management solutions FlexTrade Systems today announces the integration of Symphony Communication Services LLC’s platform with FlexTRADER EMS. As a result, secure and compliant messaging is brought directly into the trading blotter for any FlexTrade clients using Symphony. FlexTrade’s integration with Symphony enables traders to communicate and distribute content to…

February 25, 2016 BY LeapRate Staff

CLS names Alan Marquard as Chief Strategy and Development Officer

FX clearing and settlement giant CLS Group today announced the appointment of Alan Marquard to lead CLS’s new Corporate Strategy and Development division. Alan is based in London and reports to David Puth, Chief Executive Officer of CLS. This division was created to align CLS’s Product and Relationship Management teams more closely with CLS’s strategy…