Maria Nikolova
LeapRate Analyst
November 12, 2015 BY Maria Nikolova

Convergex collaborates with INTL Fcstone over new futures prime brokerage offering

Convergex, an agency-focused global brokerage and trading related services provider, announced on Wednesday that it has signed a clearing agreement with INTL Fcstone Inc (NASDAQ:INTL). Under the terms of the deal, Convergex will be able offer its clients access to FCStone's futures execution capabilities and prime brokerage platform. Convergex Prime Services will now be able…

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November 11, 2015 BY Maria Nikolova

South Africa's FirstRand becomes CLS settlement member

Provider of risk management and operational services for the global Forex market CLS Group (CLS) announced today that FirstRand, one of South Africa’s largest financial institutions, has become a CLS settlement member. Founded in 1998, FirstRand plays an important role in the trading of many currencies, including the South African rand, which has been a…

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November 11, 2015 BY Maria Nikolova

Saxo Markets makes SaxoTraderGO available to other banks and brokers

Saxo Markets, the institutional division of Saxo Bank Group, keeps beefing up its institutional credentials by making multi-asset trading platform, SaxoTraderGO, available to its white label clients. The first white label clients have already gone live with SaxoTraderGO, and the bank has witnessed demand from both existing and new WLCs with a roll out taking…

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November 11, 2015 BY Maria Nikolova

The Liquidity Alliance to offer collateral management services to buy-side via 360T platform

Members of The Liquidity Alliance, including ASX (Australia), Cetip (Brazil), Clearstream (Luxembourg), Iberclear (Spain) and Strate (South Africa), will be able to give the buy-side an option to collateralise triparty repos with banks through 360T, a platform for foreign exchange and money markets trading, which was recently acquired by Deutsche Boerse AG (ETR:DB1). Buy-side customers…

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November 11, 2015 BY Maria Nikolova

Markit partners with Aberdeen Asset Management over valuation of hard to price assets

Markit Ltd (NASDAQ:MRKT), an international provider of financial information services, today announced that it was selected by Aberdeen Asset Management to value hard to price assets for positions with limited market data. Markit’s hard to price valuation service provides valuations for seldom traded assets, private placement debt and unlisted equity positions. The service uses high…

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November 11, 2015 BY Maria Nikolova

DMM FX Australia says intermittent network issues resolved

Retail Forex and CFD broker DMM FX Australia has just published an update regarding the problems impacting its trading service. The company confirmed it had recently encountered a temporary outage, due to external factors with its trading services. This has led to some of its clients being unable to access the trading server to manage…

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November 11, 2015 BY Maria Nikolova

ICM Capital unveils inaugural UAE partnership

UK FCA regulated FX broker ICM Capital Limited has made an important step towards expansion in the Middle East Forex market. The company has announced an UAE partnership with Mohammad and Abdulla Habib Al Mulla. The new ICM Capital office was legally structured by Baker and McKenzie Habib Al Mulla. The office address is Building 3,…

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November 11, 2015 BY Maria Nikolova

ICAP sees EBS revenues rise in H1 2015/16

A busy day for ICAP plc (LON:IAP)... Along with an announcement of a deal that will see it sell its Global Broking and associated information business to Tullett Prebon, ICAP posted its financial report for the six months to September 30, 2015. Total revenues for the period were £595 million ($899m), down 4% from the…

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November 11, 2015 BY Maria Nikolova

First Derivatives sees H1 revenues jump 44% YoY to £53.8M

First Derivatives plc (LON:FDP), a provider of investment and derivatives technology, has earlier today published its report for the six months to August 31, 2015. In tune with upbeat forecasts, the company registered a strong set of performance metrics, including a steep rise in revenues and profits. Revenue increased by 44% year on year to…

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