There is an interesting piece of news confirming the growing interest in Chinese yuan trading. According to a report in the Financial Times, HSBC Holdings plc (LON:HSBA) is about to become a market-maker for trading the renminbi and the Swiss franc in the country's interbank Forex market. HSBC, known as a long-standing advocate of the…
Read moreOzforex Group Ltd (ASX:OFX), an international provider of online payment services, has earlier today posted a set of robust financial metrics for the six months to September 30, 2015, that is, the first half of the Group's fiscal year 2016. Turnover for the six months to September 30, 2015, amounted to A$10 billion (US$ 7.05…
Read morePaysafe Group Plc, formerly known as Optimal Payments Plc (LON:OPAY), today published an update on its performance for the third quarter of 2015. The Group said it saw strong trading during the third quarter and that the full-year Group revenue and EBITDA before synergies are in line with management expectations. The integration of digital payments…
Read moreThe European Securities and Markets Authority (ESMA) last night published an opinion agreeing with Greek regulator HCMC that a short selling ban on shares in five Greek banks should be extended. The previous ban, which covered shares in Alpha Bank A.E., Attica Bank S.A., National Bank of Greece S.A., Eurobank Ergasias S.A., and Piraeus Bank…
Read moreOptimal Payments Plc (LON:OPAY) has been renamed Paysafe Group Plc and the Group's website address is now www.paysafe.com. The changes are effective immediately, the Board of Paysafe said in an announcement today. In addition, from tomorrow - November 10, 2015, the Group's London Stock Exchange Tradable Instrument Display Mnemonic ("TIDM") will change from OPAY.L to…
Read moreRetail Forex broker Alpari Limited has earlier today published its Forex operating metrics for October 2015, with Forex volumes staging a decrease in both monthly and annual terms. Alpari said its Forex turnover for October 2015 amounted to $90.8 billion. The reading is 1.7% lower than the $92.4 billion in turnover registered in September 2015.…
Read moreDeutsche Bank AG (FRA:DBK) has announced the appointment of Annett Viehweg as Chairwoman of the Board, Deutsche Bank Ltd Russia. Before assuming her new role, Ms Viehweg was Head of Global Network Banking for Central and Eastern Europe, the Middle East, and Africa at Deutsche Bank where she was responsible for managing the teams and…
Read moreLeapRate Exclusive Interview Series... The issue of liquidity in the Forex trading world has been front and center since the events of January 15 which shook up what was a fairly staid and stable industry. However liquidity providers have been focusing on a lot more than just helping their clients avoid disaster. LeapRate is pleased…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today published a warning against Bullet Investment, operating via https://www.bulletinvestment.com/. The Cypriot watchdog notes that the company is not permitted to provide investment and ancillary services in Cyprus, pursuant to Investment Services and Activities and Regulated Markets Law, as it has never been authorized by the CySEC. In…
Read moreShortly after Barclays PLC (LON:BARC) named Jes Staley as its Group CEO, the bank announces another senior management change, as Sir Michael Rake is about to step down as a Director at Barclays with effect from 31 December 2015. Sir Gerry Grimstone has been named a non-executive Director of Barclays with effect from 1 January 2016…
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