Nadex to narrow Daily Bitcoin contracts strike interval width, to add more strike levels LeapRate

January 23, 2016 BY Maria Nikolova

Nadex to narrow Daily Bitcoin contracts strike interval width, to add more strike levels

North American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), is planning to change trading conditions for Daily Bitcoin contracts. The Exchange plans to narrow the strike interval width in the Daily Bitcoin contracts and add more strike levels to maintain consistency in the strike range. Effective February 8, 2016, the interval…

January 22, 2016 BY Maria Nikolova

Exness compensates clients for wire transfer expenses

Clients of retail Forex broker Exness now have the ability to get reimbursed for their expenses when using international wire transfers to make deposits into their trading accounts. This offering will pave the way for traders to make significant savings when making large deposits. The new service marks the latest improvement to deposit and withdrawal conditions…

January 22, 2016 BY Maria Nikolova

CFTC registers 18 swap execution facilities

The United States Commodity Futures Trading Commission (CFTC) today issued Orders awarding registration to 18 swap execution facilities (SEFs). The facilities that obtained Registration Orders today previously were operating under temporary registration status, the regulator explained in its announcement. SEFs are trading facilities that operate under CFTC’s regulatory oversight for trading and processing swaps. SEFs…

January 22, 2016 BY Maria Nikolova

Francois Nembrini joins QUANTIC AM as Global Head of Sales & Liquidity Management

LeapRate has learned that Francois Nembrini, a renowned figure in the Forex industry, is joining QUANTIC Asset Management as Global Head of Sales and Liquidity Management. At QUANTIC AM, which is an alternative asset manager focused on Forex, Mr Nembrini's role will be to improve QUANTIC market access, leverage the Asset Manager balance sheet to…

January 22, 2016 BY Maria Nikolova

ICAP invests in Digital Asset Holdings through Euclid Opportunities

Markets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) announced on Thursday that it has made a strategic investment in Digital Asset Holdings LLC, a developer of Distributed Ledger Technology for the financial services industry. The investment was made through Euclid Opportunities, ICAP’s early stage fintech investment business, as…

January 22, 2016 BY Maria Nikolova

FxPro changes margin requirements for RUB pairs

Retail Forex broker FxPro today informed its clients of pending changes to margin requirements for positions with instruments with the Russian ruble (RUB). The margin requirement for exposures in all RUB pairs will be changed to 10% as of 10:00 (server time) January 25, 2016 (Monday). The company notes that new positions will be affected only.…

January 22, 2016 BY Maria Nikolova

TravelersBox raises $10 million from VCs to expand foreign currency deposit kiosks

Israeli tech startup TravelersBox, which helps travelers deposit the foreign currency coins and bills left after a trip, has announced the closing of a $10 million series A funding round led by Arbor Ventures. Existing investors, such as Pitango Venture Capital, IPE Ventures, Pereg Ventures, iAngels, and Global Blue, also participated in the funding. Tomer…

January 22, 2016 BY Maria Nikolova

British Columbia regulator warns against Smart FX Online

The British Columbia Securities Commission (BCSC) has just updated its Investment Caution List, featuring the names of unregistered brokerage firms, which unlawfully target British Columbia investors or misleadingly purport to be associated with the Canadian province. The latest addition to the Investment Caution List is Smart FX Online, a company offering its services via www.smartfxonline.com.…

January 22, 2016 BY Maria Nikolova

StatPro acquires Investor Analytics for $10M in cash

StatPro Group PLC (LON:SOG), a provider of portfolio analysis and asset pricing services for the global asset management industry, today announced that it has acquired the entire share capital of Investor Analytics LLC ("IA"), a US-headquartered, cloud-based risk analytics company to hedge funds and asset managers, for a cash consideration of $10 million. There is…

January 22, 2016 BY Maria Nikolova

Weaker trading activity hits Tradition's revenues in Q4 2015

Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) earlier today posted its key financial metrics for the final quarter and full year 2015, with slower trading activity in the last three months of the preceding year weighing on revenues. For Q4 2015: The reported consolidated revenue for Q4 2015 of CHF 190.7 million ($188.6m), down…