CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first LeapRate

July 31, 2019 BY Valentina Kirilova

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first

CLS, a market infrastructure group delivering settlement, processing and data solutions, has today launched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. J.P. Morgan and Goldman Sachs are reported to be the first banks to go live on the service. CLSNow enables banks to exchange currency positions with mitigated settlement risk on a…

July 31, 2019 BY Valentina Kirilova

Despite Trump-ian admonishment, DoD is experimenting with blockchain

It has barely been two weeks since President Donald Trump went on his tweet rant, attacking all things crypto, while his henchman, Secretary of the Treasury Steven Mnuchin, actually declared them a “national security issue”. The dust may still be settling, but the news is now that somehow the Department of Defense (DoD) must have…

July 31, 2019 BY Valentina Kirilova

Financial pundits warning that 2020 will be “The Year of the Next Big One”

While financial news channel talking heads keep telling us that the new normal is gradual economic growth and that key statistical trends are right on track, there is a growing groundswell of clarion calls coming from economists, politicians, and even one key former central banking head that things are not all right. Debts have increased…

July 30, 2019 BY Valentina Kirilova

Daily Market News: Fed expected to cut rates tomorrow

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 30, 2019. The text below is an excerpt and does not contain the full analysis. Just like many of us, it seems lawmakers in the United States just can't get enough of crypto. Earlier…

Brokeree Solutions launches Exposure Manager risk management tool for MT5 brokers

July 30, 2019 BY Valentina Kirilova

Exclusive: Brokeree Solutions releases a new risk management solution

LeapRate Exclusive... Brokeree Solutions, a a fintech company that provides brokers with high-grade forex technology solutions, recently announced the launch of a new risk management solution – MT4/MT5 Exposure Manager. The unique multi-platform solution allows forex brokers to perform orders from MT4 and MT5 servers at liquidity providers or on other MetaTrader servers. The new…

July 30, 2019 BY Valentina Kirilova

Dubai’s largest FOREX EXPO coming up in October

HQBC announced a second edition of its Forex Expo which will happen on 2nd and 3rd October 2019 with all new B2B Zone. The Forex Expo 2019 is the largest event in the MENA region, attracting thousands of attendees from the Forex industry. The event will take place in Dubai, U.A.E., at the Godolphin Ballroom…

Stax Inc. teams up with Coleman Research

July 30, 2019 BY Valentina Kirilova

Survey of Facebook’s Libra shows consumers are fearful and lack trust

Facebook’s Libra project has turned from being an exciting new wave of innovation to help the unbanked to a public relations nightmare of the first order, after a rigid backlash from U.S. Congressmen and a palpable thrashing from government officials across the globe. We now have new survey data that purports that consumers in both…

July 30, 2019 BY Valentina Kirilova

Daily market commentary: The Pound collapsing further

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 30, 2019. See details below: FOREX On Tuesday the Pound hit the lowest level against the US Dollar in more than 2 years. Sterling weakness results from increased chances of a no deal Brexit, which is seen by the markets…

July 30, 2019 BY Valentina Kirilova

Principal of binary options trading firm fined $200,000 for illegal off-exchange trading

The U.S. Commodity Futures Trading Commission (CFTC) has informed the public yesterday that it has required Curtis Dalton of Middleton, Massachusetts to pay $200,000 for offering illegal off-exchange retail commodity transactions to U.S. and overseas customers while failing to be registered by the CFTC as required. Dalton offered transactions, which consisted of binary options in…

July 30, 2019 BY Valentina Kirilova

Admission of managed funds with internal market makers put on pause by ASIC

Australian regulator ASIC has requested earlier today that exchange market operators do not admit any managed funds that do not disclose their portfolio holdings daily. Operators should also have internal market makers while it undertakes a review during the remainder of this calendar year. What is Internal market making? Internal market making occurs when a…