March 05, 2014 BY Andrew Saks-McLeod

FCA prepares to launch dedicated payment services regulator to stimulate competition

Britain's financial markets regulatory authority set to introduce a dedicated service for overseeing payment systems by April 2015 The Financial Conduct Authority (FCA), Britain's official regulatory authority charged with the oversight of business ethics and consumer protection within the financial services industry has today announced that it intends to create an entirely new regulatory body…

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March 05, 2014 BY Gerald Segal

ICAP’s EBS volumes off by 5% in February

January's trend reversal was a one off event – growth continues to be stifled at the UK brokerage As we are getting the latest report from UK brokerage ICAP (LON:IAP) on volumes traded over its EBS platform the numbers are anything but disappointing. A total of $83.5 billion have shaken hands over the company’s electronic dealing…

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March 05, 2014 BY Andrew Saks-McLeod

smartTrade Technologies Appoints Ex-Informatica Senior Executive As Business Development Director

Lalit Nathwani joins institutional liquidity management systems and multi-asset dealing platform provider smartTrade Technology following eight year tenure at Informatica Institutional cross-asset liquidity management software company smartTrade Technologies has today announced the appointment of Lalit Nathwani, who will assume the position of Business Development Director. Mr. Nathwani joins smartTrade Technologies with substantial experience gained via a…

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March 05, 2014 BY Gerald Segal

TwoFour Systems completes SSAE16 Type 2 exam standard for service organizations

FX software providers are getting third party audits to ensure quality standards FX transaction processing software provider TwoFour Systems, LLC has announced the conclusion of its successful certification under 2013 SSAE16 SOC1 Type 2 standard for their ASP (Application Service Provider) software services. The company is specializing in delivering forex and cash management solutions to its growing…

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March 05, 2014 BY Gerald Segal

February volumes at Monex – lower by 17%

The rebound has ended – Japanese investors’ risk appetite has been fading throughout the month Japanese Monex Group has just reported trading volumes for the month of February. With figures dropping by 17% over last month to ¥139 billion ($1.36 billion) we can conclude the volumes recovery theme for now. As the imminent sales tax-hike…

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March 05, 2014 BY Gerald Segal

EMIR Reporting

Forex and Binary Options brokers – are you ready for EMIR??? On February 12, 2014, new EMIR trade reporting rules come into effect for European Forex, Binary and CFD brokers as mandated by ESMA. LeapRate is pleased to be working with leading regulatory advisory consultancy MAP S.Platis to provide our readers with the information they…

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March 04, 2014 BY Gerald Segal

ICAP raises EUR 350 million ($481M) in issue of 5-Year Notes

ICAP Notes rated investment grade BBB/Baa2 by S&P/Moody’s, yield 3.2% One of the leading global electronic brokers, ICAP (LON:IAP), is about to issue €325 million ($481 million) of five-year notes related to its latest refinancing operation. The Euro denominated 5-year notes will be listed on the London Stock Exchange on the 6th of March with…

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March 04, 2014 BY Gerald Segal

Electronic dealing fast replacing ‘faulty’ forex dealers at major banks

Regulatory action risks to squeeze big banks' profit margins from FX, but bringing increased transparency and likely more volumes A report in Monday’s edition of the Financial Times outlines an accelerating shift that is occurring within the FX markets industry during the past couple of months. Yes, we are talking about electronic dealing finally arriving…

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