LeapRate Staff
LeapRate Analyst
May 25, 2016 BY LeapRate Staff

Bad day for Citi: CFTC doles out $425 million in fines for manipulation of LIBOR and swap rates

US financial regulator CFTC has issued two notices about fairly large fines totaling $425 million being levied against banking giant Citigroup Inc (NYSE:C). In Notice #1, the CFTC has ordered Citibank, N.A. and Japanese affiliates to pay a $175 million penalty for attempted manipulation of Yen LIBOR and Euroyen TIBOR, and false reporting of Euroyen TIBOR and…

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May 25, 2016 BY LeapRate Staff

FCA issues warning re unauthorized TRD Brokers and TRD Futures Group

UK financial regulator the FCA has issued a warning regarding retail forex, CFDs and futures brokers TRD Brokers Limited at trdbrokers.net, and TRD Futures Group at trdfutures.com. The website of TRD Futures claims that the company is indeed FCA regulated (see below), giving FCA registration number 493131. That number does exist in the FCA's registry,…

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May 24, 2016 BY LeapRate Staff

CLS extends technology partnership with IBM by ten years

FX settlement services provider CLS Group has announced that it has renewed and extended its technology partnership with International Business Machines Corp. (NYSE:IBM) for ten more years. CLS and IBM have been partners since the inception of the settlement service in 2002 and have worked together over the last 14 years to continuously reduce settlement risk…

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May 24, 2016 BY LeapRate Staff

Hotspot FX adds IPC Systems as a connectivity provider

Institutional currency exchange Hotspot FX, a unit of Bats Global Markets Inc (BATS:BATS) has announced that it had added IPC Systems as a connectivity provider to Hotspot, enabling IPC’s diverse ecosystem of buyside and sell-side clients to gain access to the Hotspot market. IPC Systems is a leading global provider of specialized communications and managed network-as-a-service solutions…

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May 24, 2016 BY LeapRate Staff

LCH adds equities clearing on SIGMA X MTF

Global clearing house LCH has announced that it will be offering equities clearing on SIGMA X MTF from July 2016. With the addition of SIGMA X MTF, LCH’s EquityClear service will offer clearing across 17 active interoperable European equities trading venues. As a result of this expansion and LCH’s open access approach, users of multiple…

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May 24, 2016 BY LeapRate Staff

CFH Clearing launches CFH Mobile in partnership with NetDania

FCA regulated interbank STP venue CFH Clearing has announced the launch of a mobile trading platform called appropriately CFH Mobile, which is now available on all tablets and smartphones. The new platform has been built in partnership with NetDania, an expert organisation in mobile trading having developed NetDania Mobile, one of the industry’s most successful…

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May 24, 2016 BY LeapRate Staff

Flight or Fight - is stress a good thing for traders?

This article was written by Yael Warman, Content Manager at Leverate. I never read the tabloids. Except when I’m in line at the grocery store. There is no better way to waste time while waiting than by reading a sensationalist newspaper or trashy magazine while waiting for your groceries to be scanned. Yesterday I was…

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