The about to be merged business and financial information providers IHS Inc. (NYSE:IHS) and Markit Ltd (NASDAQ:MRKT) have announced that the combined company, which will be renamed IHS Markit Ltd., will be listed on the Nasdaq Global Select Market under the new trading symbol 'INFO'. IHS and Markit announced their plans for a $13 billion merger…
Read moreAfter yesterday's vote of London Stock Exchange Group shareholders approving the LSEG's merger with Deutsche Borse AG, Deutsche Borse put out the following statement - in part to reiterate the two group's plans of fully proceeding with the merger despite the UK 'Leave' vote in the Brexit referendum. [divide] Statement by Deutsche Börse AG on London…
Read moreThe British Pound has continued drifting downward to multi-decade lows in Monday trading, with the GBPUSD Cable trading with a 1.30 handle for the first time since the 1980s. It was only this morning that the GBP broke below the $1.32 level for the first time post-Brexit. For the day, the GBPUSD is down 1.62%,…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated stock broking house Templeton Securities is launching its own branded retail forex outfit, called appropriately TempletonFX. The TempletonFX website just went live last week. LeapRate spoke today with TempletonFX co-founder and Director Mike Andrews on the decision to launch a retail forex brokerage, and how TempletonFX plans…
Read moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) has reported spectacular June trading volumes, as we've seen so far at other institutional trading venues, driven largely by Brexit induced volatility. Foreign exchange volumes averaged 1.02 million contracts per day in June 2016, up 3% YoY from June 2015 but 42% MoM above May. Highlights for June…
Read moreContinuing a significant up trend we’ve seen across the Forex trading universe in June thanks in large part to Brexit, Japanese online brokerage leader GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has just published its key operating metrics for June 2016, with volumes nicely rising from May levels. Both OTC and on-exchange…
Read moreAfter a brief recovery last week which ended with Boris Johnson's withdrawal from the race to replace David Cameron as British Prime Minister, the British Pound continued downward on Tuesday setting post-Brexit lows in the 1.31 range (as at time of writing the GBPUSD Cable trade was at 1.3170). What is going on? Saxo Bank’s Head…
Read moreLeapRate Exclusive... Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has indicated in regulatory filings that global bank JPMorgan Chase & Co. (NYSE:JPM) has reduced its stake in the company to 3.69%. JPMorgan had taken a 7.43% stake in SafeCharge late last year. It looks like JPMorgan will take a loss on the shares…
Read moreBinary platform provider and operator TechFinancials Inc (LON:TECH) has issued a statement indicating that its 2016 first half results should be in line with expectations. TechFinancials released a formal statement which will be delivered tomorrow at the company's annual general meeting, with highlights including: the company's 'B2B' platform business saw Revenues grow 30% YoY TechFinancials…
Read moreContinuing a trend of strong June FX trading volumes worldwide, propelled in part by action around Brexit, Moscow Exchange has reported that FX turnover rose 16% MoM in June. Overall volumes on Moscow Exchange were up 21% in June to RUB 70.2 trillion, from RUB 58.1 trillion in May. The Money Market and Derivatives Market…
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