CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just announced that CLSNet is now live with investment bank Goldman Sachs (NYSE:GS) and US based investment banking giant Morgan Stanley (NYSE:MS). Six additional members from North America, Europe and Asia, including Bank of China (Hong Kong) will join…
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Bitcoin ATM network Coinsource deploys its machines throughout Upstate New York. Earlier this month, LeapRate has reported that the operator was granted a virtual currency license in the state of New York. Coinsource, which began the application process for a virtual currency license in the summer of 2015, had been operating in the state under…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the binary options company AG Capitals. AG Capitals is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…
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Paxos, a financial technology company and the first blockchain-powered trust, has just announced that its Paxos Standard Token (PAX) is going to be added as a base currency on the Binance crypto exchange. PAX will have six trading pairs listed on Binance's USDⓈ Markets against: BNB, BTC, ETH, XRP, EOS, and XLM. Digital asset traders…
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iFunded, the digital investing platform, has announced the launch of a real estate tokenization platform named iEstate. It is the first global platform on the market to issue a security token based on real estate debt and will follow up with with an equity-based token. iEstate uses blockchain to enhance the speed and timing of real…
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Cyprus financial regulator CySEC puts out some version of a warning against impersonators appearing as CySEC officials in an attempt to scam unsuspecting investors quite often these days. CySEC has already issued several warnings like this - two times back in 2017, as well as June, November, and October 2016. CySEC again reminded investors and…
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ForexClear members have announced that, through the use of the service’s compression solution, they have reduced their notional outstanding by $4.5 billion, global clearing house LCH informed earlier today. ForexClear has seen demand for its NDF clearing service significantly increase since the introduction of the uncleared margin rules in September 2016. LeapRate reminds, that ForexClear service processed over $1…
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TMX Group (TSE:X) has just announced the appointment of Sanjay Kulkarni as Chief Marketing Officer and Head of Digital Solutions, effective November 28, 2018. Mr. Kulkarni is an accomplished business and marketing executive with more than 18 years of experience in product development, product marketing, and commercial strategy. He joins TMX from West Corporation where…
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LeapRate Exclusive… LeapRate has learned that London based FX liquidity and prime brokerage services provider IS Prime has reported strong financials, with an increase in turnover year end 31 March 2018. Reported figures from the FCA regulated broker show a rise to £17.2 million year end 2018. The financials for IS Prime’s year end 2018 show…
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Via Varejo, a company controlled by the GPA, operating the Casas Bahia, Pontofrio and Bartira brands, has announced that it has concluded the migration of its shares to the B3 Novo Mercado. Companies listed in this segment, which represents the highest level of corporate governance, can only have their capital stock composed of voting shares,…
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