The Finance Hive has launched a pioneering research on European FX platform selection, compiled entirely with buy side input. 50 leaders in FX trading - 57% of which work for firms managing over $100bn of assets - have contributed to the research, which uncovered: Integration with OMS systems is overwhelmingly the biggest priority for the…
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The New Zealand Financial Markets Authority (FMA) has informed the public that it has suspended the derivatives issuer license of AxiCorp Financial Services Pty Limited (trading as AxiTrader). The company has been making a regulated offer to retail clients in New Zealand without a compliant Product Disclosure Statement or Disclose register entry. AxiCorp has also…
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UK-based global fintech firm, TigerWit Limited, informed that it has established partner networks delivering support and education in multiple jurisdictions outside of the more established European markets, including within Latin America, Africa, South East Asia and the Middle East. Tim Hughes, CEO at TigerWit commented on the news: By establishing partner networks in other jurisdictions…
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In a much-anticipated dovish move, Fed Chairman Jerome Powell and his banking buddies capitulated to political pressure and market demand by cutting their benchmark interest rate by 25 basis points. Believe it or not, this was the first time that the Fed has cut its rate since 2008, which also meant that it was the…
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Securities firm and liquidity provider Interactive Brokers has just announced that it will join financial tech provider Tradesocio’s ecosystem of financial institutions and financial technology providers known as Tradesocio Marketplace. Interactive Brokers joins the line of Tradesocio’s liquidity partners, thus allowing financial services providers adopting Tradesocio’s technology to also integrate Interactive Brokers’ liquidity engine, using…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 31, 2019. The text below is an excerpt and does not contain the full analysis. Some crypto supporters claim that you're not a true advocate unless you're running your own node. Well, it seems…
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The European Securities and Markets Authority (ESMA) has released its opinion on product intervention measures taken by the National Competent Authorities (NCAs) of the countries of Germany, Poland, Hungary, and Malta. LeapRate reminds that Germany’s BaFin has recently informed that it maintains restrictions on retail trading with financial CFDs. BaFin first announced its decision back in…
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Monetary Authority of Singapore (MAS) has informed the public that a website has been soliciting investments in Bitcoins by using fabricated comments attributed to Emeritus Senior Minister Goh Chok Tong (Senior Advisor to MAS). The website’s article on Bitcoins references statements purportedly made by ESM Goh which are either false or have been taken out…
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Clearstream has today completed the acquisition of Ausmaq Limited from National Australia Bank (NAB). LeapRate reminds that the company reached an agreement with NAB to acquire its Sydney-based specialist managed funds services business Ausmaq Limited back in May this year. Clearstream's expansion to the Australian funds market and the future set-up of Ausmaq will be…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 31, 2019. See details below: FOREX The Pound remains under pressure, despite a modest recovery against other major currencies during early Wednesday trading. On Tuesday Sterling touched its lowest in more than 2 years, as the probability of a no-deal…
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