Nomura to pay 82 million yen to former electronic trading employee in settlement LeapRate

January 05, 2016 BY Mike Fox

Nomura to pay 82 million yen to former electronic trading employee in settlement

Reports from Takahiko Hyuga of Bloomberg has unveiled that Japanese banking giant Nomura Co Ltd (TYO:9716) has settled an employment case with a former managing director in Tokyo, agreeing to pay him ¥82 million yen ($688,000 USD) in compensation without reinstating him, according to a Tokyo High Court document. The former Nomura MD, Seth Friedman joined…

January 05, 2016 BY LeapRate Staff

Domestic vs Foreign retail forex brokers in Australia on client funds segregation issue: AFR

The Australian Financial Review claims that Australia's government should not be swayed by 'online forex cowboys'.

January 05, 2016 BY Maria Nikolova

bwin.party's Kalixa set to pocket €10m from Visa deal

Kalixa Payments Group, part of bwin.party Digital Entertainment Plc (LON:BPTY), is set to receive a one-off payment of approximately €10 million ($10.9m) from the sale of Visa Europe to Visa Inc (NYSE:V). The €21.2 billion acquisition of Visa Europe by Visa Inc was agreed on November 2, 2015. As one of Visa Europe's Principal Members,…

January 05, 2016 BY Maria Nikolova

CBOE Holdings' trading volumes slide 11% in 2015

CBOE Holdings, Inc (NASDAQ:CBOE), the holding company for Chicago Board Options Exchange (CBOE), C2 Options Exchange (C2), CBOE Futures Exchange (CFE), and other subsidiaries, has just published its operating metrics for 2015. The volumes for options and futures contracts registered a drop from levels seen in 2014, although December 2015 was stronger for trading than…

January 04, 2016 BY Maria Nikolova

Interactive Brokers sees slowdown in trading in Dec'15, DARTS fall 2% MoM

Interactive Brokers Group, Inc. (NASDAQ:IBKR), a major provider of online trading services in the United States, has just published its electronic brokerage metrics for December 2015. Continuing a trend already observed in the fall of last year, the broker saw daily average revenue trades (DARTS) decline by further 2% from levels seen in November 2015,…

January 04, 2016 BY Mike Fox

Forex market volatile to begin 2016; Yen soars, equity markets down big

Well, 2016 has started off with a bang. a piece by Patrick Graham of Reuters got some inside quotes from brokers in the trenches as China's yuan currency hit its lowest in more than 4 years in both onshore and offshore Renminbi. The culprit of the volatility? Downbeat Chinese economic data. China's benchmark Shanghai Composite shed 6.9%,…

January 04, 2016 BY LeapRate Staff

Wharton's WRDS adds RavenPack News Analytics for news and social media

Wharton Business School's Wharton Research Data Services (WRDS), the leading data research platform and business intelligence tool for corporate, academic and government institutions worldwide, has announced the addition of RavenPack News Analytics to its data offerings. A part of the Wharton School of the University of Pennsylvania, WRDS provides the leading business intelligence, data analytics, and financial…

January 04, 2016 BY LeapRate Staff

Equity markets begin 2016 on left foot, but currencies fairly stable

The first trading day of 2016 has not been a very pretty one for stock markets around the world, perhaps portending even more volatility ahead for traders in the new year. Circuit breakers were in effect in several markets, with: Shanghai Composite down 7% Japan's Nikkei 225 off 3% Hang Seng Index down 3% UK's…

January 04, 2016 BY Maria Nikolova

SGX marks record USD/CNH futures volume in December

Singapore Exchange Limited (SGX:S68) today announced that it marked a record in USD/CNH futures trading in December 2015. The Exchange said that USD/CNH futures trading volume rose more than 50% month-on-month to a record 51,702 contracts traded (approximately US$5.1 billion in notional value traded) last month. In annual terms, the rise is even more pronounced,…

January 04, 2016 BY LeapRate Staff

London Capital Group becomes LCG, launches new website, platform and logo - LeapRate Exclusive

Competition in the ultra-competitive UK online market heating up as LCG joins ETX Capital and others in upgrading their technology and look to suit a new generation of traders.