Man who approved donation from Colonel Gadaffi's son and led defunct regulator set to head RBS
RBS is preparing to name its next Chairman, with Sir Howard Davies in the frame for leadership of one of the world's largest financial institutions, despite controversy over a previous deal with Saif Gadaffi whilst in a senior position at the London School of Economics
Read moreJPMorgan makes a further reduction in its stake in Plus500 to below 5%
JP Morgan Chase & Co now holds 4.66% of Plus500's shares, having made a further sale yesterday. The total amount of Plus500 shares held by JP Morgan Chase & Co is now 5,356,810
Read moreRedline Trading Systems heads to London, appoints former Fidessa executive to head EMEA sales
Redline Trading Solutions has opened its new London office, appointing Carlos Lopez Lansdowne to head the sales division for EMEA region. Mr. Lansdowne has prior experience at Thomson Reuters, Fidessa, SuperDerivatives, and Bloomberg in senior sales positions
Read moreEurope enters cooperation agreement with Japanese regulator on central counterparties
The Memorandum of Cooperation establishes arrangements between the signatory authorities regarding Central Counterparties (CCPs) that are established in Japan, are licensed or approved by the JFSA, and have applied for recognition under EMIR
Read moreHybrid Solutions licenses VertexFX to MarketCloud
“I am pleased to be able to license VertexFX to MarketCloud because our trading platform will be even more accessible to both regulated brokers and traders. Based on applications cloud hosting concept, MarketCloud makes it easier for brokers set-up VertexFX and as it is available on lease there is no need to pay up front or to fund expensive set up fees" - Akram Majed, CEO, Hybrid Solutions
Read moreHSBC sees $5 billion wiped off its stock market value following statement in annual report on further FX fixing fines
Following HSBC's annual report which stated that profits were lower than expected and that the bank expects further regulatory scrutiny from global authorities resulting in its setting aside $550 million in case of penalties for FX rate manipulation, shares in HSBC fell 4.5%, removing $5 billion from its stock market value
Read moreMONEX sees revenues drop 10% M/M in January, as financial expenses rise
Monex Inc, the Japanese retail Forex broker, earlier today posted some of the financial metrics for the first month of 2015, with numbers painting a rather gloomy picture, as revenues fell on an annual and monthly basis, while financial expenses rose. Let's start with the operating revenues which amounted to JPY 4.53 billion (USD 38…
Read moreFull of eastern promise as Japan, Hong Kong and China seek to attract Western FX business - LeapRate investigates
In the wake of European market turmoil, exchanges and venues in Japan, China and Hong Kong, with the backing of global regulators, are busily adding products to their ranges which aim to attract European, Middle Eastern and American retail and institutional traders to increasingly strong markets. LeapRate takes a detailed look at the developments
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