CLS, a market infrastructure group delivering settlement, processing and data solutions, has announced that Thomas Berkery was elected to its Board of Directors as a new Independent (Outside) Director on 16 October 2018 and will sit on the Audit and Finance Committee. Berkery is a senior executive who brings to CLS nearly 40 years of…
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Nasdaq (Nasdaq:NDAQ) has just announced the results of the semi-annual review of the OMX Copenhagen Benchmark Index, (Nasdaq Copenhagen: OMXCB), which will become effective with the market open on Monday, December 3, 2018. Netcompany Group A/S (NETC), PARKEN Sport & Entertainment A/S (PARKEN) and Scandinavian Tobacco Group A/S (STG) will be added to the index.…
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LeapRate Exclusive... LeapRate has learned that CySEC licensed retail forex broker ProbusFX has rebranded as SquaredDirect (at website squareddirect.com). Additionally, the company's legal name has been changed from Aspide Financial Limited to Squared Financial (CY) Limited. This apparently comes as part of the company’s restructuring and pairing up with its sister company, SquaredPro, to form the Squared Financial…
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Tools For Brokers, a provider of fintech solutions for the crypto and forex industry, has announced a change in its corporate visual standards. The change of corporate style is associated primarily with a change in the positioning of the company and its perception in the eyes of customers. Next year, Tools For Brokers will be…
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Data from parent company Euronext NV (EPA:ENX) indicate that Forex ECN FastMatch saw a slowdown in business during Q3, with FastMatch revenues down by 4% from €5.6 million in Q2 to €5.4 million (USD $6.1 million) in Q3-2018. That really shouldn't come as a surprise to LeapRate readers, as we had reported over the past…
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Australian regulator ASIC has informed that it has cancelled the Australian financial services (AFS) license of the retail OTC derivative issuer, AGM Markets. An ASIC investigation found AGM’s financial services business involved core elements of unconscionability and unmanaged conflicts of interest and followed a business model that disregarded key conduct requirements. Specifically, the AFS licence…
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After reporting multi-year lows in trading volumes in September, data from Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) indicate that the company had a very nice rebound in October, with volumes up 55% MoM, coming in at $231 billion. October activity at GAIN Capital, which operates the FOREX.com and City Index retail forex brands,…
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Horizon Software, the provider of electronic trading solutions and algorithmic technology, has announced today the appointment of Keith Todd CBE as a member on its advisory board. The news comes during an exciting period of sustained growth for Horizon, which in June of this year underwent an MBO with the European Private Equity firm, Capzanine.…
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Online gaming and financial trading company Playtech PLC (LON:PTEC) has issued a Trading Update for Q3 (technically, for the period since June 30, 2018), indicating that overall not much has changed since 1H results were reported in August. The company stated that it remains on track to achieve adjusted EBITDA for 2018 in the range of…
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The Monetary Authority of Singapore (MAS) has announced that it has released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics in finance. Known as the FEAT Principles, the document provides guidance to firms offering financial products and services on the responsible…
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