Maria Nikolova
LeapRate Analyst
April 19, 2016 BY Maria Nikolova

Futures brokerage Tradovate starts accepting business

New online brokerage firm Tradovate, LLC announces today that the company is now launched and accepting business. Tradovate offers flat-rate membership fees, getting rid of the industry-standard commission structure. Its cloud-based platform is accessible from any device, operating system or browser. Tradovate is also offering a two-week free trial to enable prospective clients to use the…

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April 19, 2016 BY Maria Nikolova

KVB Kunlun enters into new technology agreement with Banclogix

After signing a three-year software license agreement with Banclogix in December last year, Hong Kong Forex broker KVB Kunlun Financial Group Ltd (HKG:8077) today announces an expansion of the partnership via a new deal - New Information Technology Services Agreement. The term of the new deal is from April 19, 2016 to December 31, 2018, both…

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April 19, 2016 BY Maria Nikolova

Barclays' team demonstrates application using R3’s Corda distributed ledger platform

Yesterday saw 11 teams showcase their innovative tech proposals at a Demo Day concluding the third London cohort of the Barclays Accelerator, the program which seeks to bolster fintech start-ups. This time, the Barclays Accelerator also included an internal Barclays PLC (LON:BARC) team, Smart Contract Templates. The Barclays internal team produced a blockchain-inspired prototype that…

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April 19, 2016 BY Maria Nikolova

LCH.Clearnet announces changes to SwapClear and ForexClear EMIR account fee billing cycle

LCH.Clearnet is about to change the account fee terms SwapClear and ForexClear. Effective May 1, 2016, SwapClear and ForexClear are moving to a semi-annual billing cycle for Asset Segregated and additional Client accounts. The existing annual account cost and account volume discount remains unchanged. A semi-annual account fee will be charged for the six-month period…

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April 19, 2016 BY Maria Nikolova

FIS teams up with The Clearing House to create US real-time payments system

Financial services technology provider FIS (NYSE:FIS) and The Clearing House Payments Company L.L.C. (TCH) have joined their forces to develop the United States’ first-of-its-kind, real-time payments system, available to all financial institutions nationwide. The companies are getting ready to launch a pilot with early-adopter financial institutions, initially focusing on the bill payment use case, using…

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April 19, 2016 BY Maria Nikolova

Nadex releases update to Android application

North American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), has just released an update to its mobile application for Android gadgets, with the enhancements including easier work with documents and improved search. The latest version of the solution (2.1.2) offers users to: • Securely upload of application documents directly from the…

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April 18, 2016 BY Maria Nikolova

CQG rolls out low-latency order routing system GW 5.0

Provider of high-performance trade routing, reliable market data, and advanced technical analysis CQG has launched its next-generation, low-latency order routing system, Gateway 5.0. This version substantially cuts order processing latency, with some aspects being up to ten times faster. The order routing system is multi-functional: it accepts orders, performs risk checks, and delivers orders to…

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April 18, 2016 BY Maria Nikolova

CySEC withdraws CIF license of Falcon Brokers

The Cyprus Securities and Exchange Commission (CySEC) today announces that at its meeting held on March 28, 2016, it decided to revoke the Cyprus Investment Firm (CIF) license of Falcon Brokers Ltd. The withdrawal of the license stems from violation of operational requirements concerning clients' funds. The company, operating via new.falconbrokers.com, has three months to…

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April 18, 2016 BY Maria Nikolova

Belgium's FSMA updates “Black List” of unauthorized binary options, FX brokers

Belgium's Financial Services and Markets Authority (FSMA) has earlier today updated its lists of unauthorized binary options and Forex firms, unlawfully targeting Belgian investors. The latest additions include: Banque Investissement; CapitalCourtage, Eich Invest Ltd, 10 Spheres Media Ltd and First Consulting SCS; CEDIE; E Trade Securities (cloned firm); FXSEP, SEP Global, Hedge Funds Liège 2015…

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April 18, 2016 BY Maria Nikolova

Velocimetrics introduces VMX EndToEnd

Provider of real-time business flow tracking and performance analysis solutions Velocimetrics today announces the launch of VMX EndToEnd. VMX EndToEnd is an innovative platform that allows buy and sell-side firms, trading venues and technology providers to deploy the full spectrum of advanced functionality required to track and analyse in real-time what is happening across complete…

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