Three and a half months have now passed since LeapRate first reported that US FX giant Gain Capital Holdings Inc (NYSE:GCAP) had purchased City Index for $118 million. GAIN Capital has now announced via a filing with the US Securities and Exchange Comission (SEC) that it will hold a meeting on March 12 this year in…
Read moreLegal & General has increased its number of shares in London Capital Group to 14.57% as interest in the newly rejuvenated company continues
Read moreDukascopy Bank and its arm Dukascopy Europe will reduce the maximum leverage on currency pairs with the Danish krone to 1:10. The changes will be effective as of February 8, 2015 (Monday) and will affect positions with EUR/DKK (Euro vs Danish krone) and USD/DKK (US dollar vs Danish krone), the company said in an announcement.…
Read moreFXCM Asia Limited, the Hong Kong-based subsidiary of FXCM Holdings LLC, has sent its clients emails, informing them of changes to their client agreements. The changes concern the sensitive issue of negative account balance protection: according to the revision, clients of the Forex broker will be made fully responsible for any debit balances on their…
Read moreLeapRate Exclusive... LeapRate has learned that the M&A discussions revolving around Alpari UK and the possibility of selling the firm intact have evaporated in the past 24 hours, with the last potential buyers deciding to walk away. As we reported earlier in our exclusive unveiling of the Confidential Information Memorandum put out by Special Administrator…
Read moreIt has been more than three weeks since the events of January 15, 2015, which turned the forex trading world on its head resulting in the bankruptcy of some brokers, most prominently Alpari UK. Alpari UK remains in insolvency under administration of KPMG, which has spent most of the past three weeks attempting, unsuccessfully, to…
Read moreIBM sold its collateral management system which offers a variety of functions to support the increasing use of collateral within the local and global banking community, with coverage for cleared and non-cleared over-the-counter (OTC) Derivatives Margining, Repo Margining and Securities Lending Margining to SmartStream Technologies on January 31, 2015
Read moreAvailable on Saxo Bank's proprietary platform are stock options in VALE SA (VALE:xcbf), United States Oil Fund, LP (USO:xcbf), Alexion Pharmaceuticals Inc. (ALXN:xcbf), Applied Materials Inc. (AMAT:xcbf) and Procter & Gamble Co. (PG:xcbf)
Read moreThe Swiss National Bank held 498,398 billion Swiss francs in foreign currency at the end of January, compared with 495,130 billion francs in December, revised from an originally reported 495.104 billion
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