LeapRate Staff
LeapRate Analyst
New BIS report cites “internalization” by large banks for 7% volume drop
December 14, 2017 BY LeapRate Staff

TRAction Fintech integrates with oneZero for MiFID II and EMIR regulatory reporting solutions

Regulatory and reporting solutions provider TRAction Fintech and trading software company oneZero Financial Systems have announced a collaborative partnership aimed at simplifying MiFID II and EMIR transaction reporting for FX and CFD brokers. TRAction Fintech is a specialist in regulatory reporting, offering transaction reporting services for MiFID II/ MiFIR and EMIR. oneZero provides execution software…

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LCG trading floor
December 13, 2017 BY LeapRate Staff

LCG lists its shares on the NEX Exchange Growth Market

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that effective today its shares will be listed on the NEX Exchange Growth Market. LCG shares will also continue to be listed on London Stock Exchange's AIM. The NEX Exchange Growth Market, or "the other London stock exchange", is operated by NEX…

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Ally Financial management
December 12, 2017 BY LeapRate Staff

Ally Financial hires PNC's Jenn LaClair as CFO

Online trading and banking company Ally Financial Inc (NYSE: ALLY) has announced that Jenn LaClair will be joining the company as chief financial officer designate, effective December 18, 2017, with the intent that she be appointed to succeed Ally's CFO Chris Halmy. Halmy will retire as chief financial officer after eight years of dedicated service with Ally, effective March 1,…

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RoboMarkets yacht
December 12, 2017 BY LeapRate Staff

RoboForex increases cryptocurrency trading leverage to 10x

After initially launching cryptocurrency trading in October, Limassol based Retail FX brokerage group RoboForex has announced that it is increasing the leverage clients can use in trading Bitcoin, Ethereum, et al to 10x. When first launched, RoboForex was offering between 1:1 and 1:5 leverage on cryptos. RoboForex is making the move despite the recent hyper-volatility…

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GLBR Chapter 11 bankruptcy approved
December 12, 2017 BY LeapRate Staff

Global Brokerage gets approval for Chapter 11 restructuring and delisting, shares plunge

Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…

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The world’s largest crypto IPO postponed
December 11, 2017 BY LeapRate Staff

$15 million ICO of restaurant review iPhone app Munchee pulled on registration concerns

A California-based company selling digital tokens to investors to raise capital for its blockchain-based food review service halted its initial coin offering (ICO) after being contacted by the U.S. Securities and Exchange Commission (SEC), and agreed to an order in which the SEC found that its conduct constituted unregistered securities offers and sales. According to…

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insider trading
December 11, 2017 BY LeapRate Staff

Day trader Joseph Spera charged with Insider Trading

The U.S. Securities and Exchange Commission has charged a former day trader with making more than $1 million in illegal insider trading profits as part of a ring that allegedly stole confidential information from investment banks and clients so they could trade in advance of secondary stock offerings. The SEC alleges that Joseph Spera schemed…

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