EMIR Authorisation of Polish clearing house KDPW_CCP. Third thus far in Europe! LeapRate

Gerald Segal

LeapRate Analyst

April 10, 2014 BY Gerald Segal

EMIR Authorisation of Polish clearing house KDPW_CCP. Third thus far in Europe!

The approval of the Polish clearing house triggers the authorization of currency products in regulated markets and repo products, neither of which has been approved previously KDPW_CCP, in a press release states that it has met all requirements for such institutions under EU Regulation EMIR. EMIR requires companies to comply with the obligation of reporting…

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April 10, 2014 BY Gerald Segal

The average daily value submitted to CLS was US$5.35 trillion, up 3.9%

Volumes remain strong with slight uptick across the board Forex settlement firm CLS held strong again during March this year, with its value of trades having remained in excess of $5 trillion, congruent with its performance during the two months of the year. For March, average daily value submitted to CLS was US$5.35 trillion, up…

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April 10, 2014 BY Gerald Segal

ASIC doing what it can to stay ahead of the regulatory game - Senate inquiry ongoing...

The Australian Senate is doing an inquiry into the performance of the Australian Securities and Investments Commission (ASIC) ASIC has been busy lately proving their worthiness as competent financial regulators. The watchdog is currently in the midst of a Senate inquiry into its activities and overall performance. A detailed statement from ASIC covers six issues,…

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April 09, 2014 BY Gerald Segal

FXall continues its climb, leading Forex ECN reports record March at $132bn ADV

FXall up positively in March 2014 to $132bn up from $110bn a year earlier in March 2013; records 8.2% jump from February Reuters reported today that daily spot currency trading volumes on Thomson Reuters fell for a second month in March to $110bn, still showing improvement from long-term lows hit at the end of last year…

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April 09, 2014 BY Gerald Segal

MFSA Warning: Two websites caught falsely claiming regulation in Malta

Two entities found operating under various names and which purport to be licensed by the MFSA The Malta Financial Services Authority (MFSA), showing they are acutely surveying the forex brokerage scene issued an investor warning alert last weekend. They found two websites imitating well known legit brokers, and who also were falsely claiming to be…

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April 09, 2014 BY Gerald Segal

First Mexican Bitcoin Exchange Debuts

The platform is currently a standard exchange service between bitcoins and Mexican Pesos. Bitcoin Magazine™ reports that Bitso, the only platform on which to exchange bitcoins for Mexican Pesos is going live today. Interested parties will be able to register at bitso.com. The company emphasizes that its platform has been designed with ease of use and power…

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April 09, 2014 BY Gerald Segal

ICAP deploys Perseus LiquidPath for LATAM connectivity

Moving ahead with electronic trading boost - ICAP accesses Perseus LiquidPath network in Brazil and Latin America Perseus Telecom, the provider of connectivity, High Precision Time and Market-to-Market networks, has announced that ICAP has become a customer accessing the LiquidPath network in Brazil and Latin America. Perseus LiquidPath covers connectivity, hosting, consulting, high precision time and real-time…

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April 09, 2014 BY Gerald Segal

Dubai DGCX's banner March - Gold trading up 32%, Euro futures up 65%

The gold contract’s exceptional performance saw DGCX’s overall precious metals segment registering year-on-year growth of 38% The Dubai Gold & Commodities Exchange (DGCX) reported some very strong numbers today with gold futures up 38% for March from the previous year, Euro futures also saw a spike.Total volumes in March increased 2% from the previous month…

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April 09, 2014 BY Gerald Segal

ICAP seeking quicker transition from its forex voice brokers to its electronic-trading platform

ICAP's new technology will be packaged as an EBS offering under the name eFix Matching As reported yesterday in the Wall Street Journal, brokerage giant ICAP PLC is seeking to transform its London-based foreign-exchange voice brokers into active promoters of its electronic-trading platform. This is the newest move by a financial firm to cut humans out…

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April 08, 2014 BY Gerald Segal

Global Prime Partners appoints Deutsche Bank and targets a new market

Will allow GPP to cater to its clients needs better w/ round-the-clock settlement solutions Global Prime Partners (GPP), a leading boutique prime broker, stated in an official press release they have appointed Deutsche Bank to provide execution, clearing and custody services for its rapidly expanding client base of emerging managers, family offices, professional traders and…

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