Mike Fox
LeapRate Analyst
September 28, 2016 BY Mike Fox

China Construction Bank appoints SIX for Swiss Renminbi Clearing

China Construction Bank (CCB), China’s second largest commercial bank and the only authorized Renminbi Clearing Bank in Switzerland, announced its plans to work more closely with SIX Securities Services, the Swiss post-trade infrastructure. This cooperation has so far led to CCB and its Zurich Branch working with SIX Securities Services entities: Swiss Interbank Clearing (SIC)…

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September 26, 2016 BY Mike Fox

Baltic Exchange shareholders approve of acquisition by SGX

Singapore Exchange (SGX) announced today that the shareholders of The Baltic Exchange Limited (Baltic Exchange) have today approved all the resolutions required in connection with the proposed scheme of arrangement for the acquisition of the Baltic Exchange. Implementation of the Scheme remains subject to the satisfaction of certain conditions which include the High Court making…

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September 26, 2016 BY Mike Fox

Thanachart Bank adopts Bloomberg’s multi-asset risk platform

Bloomberg, the global business and financial information and news leader, today announced that Thanachart Bank (BKK:TCAP), Thailand’s sixth largest bank by asset size, has selected Bloomberg’s multi-asset risk solution (MARS) for counterparty risk management. A subsidiary of Thanachart Group, Thanachart Bank will be adopting MARS to recognize and report the credit value adjustment (CVA) on…

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September 26, 2016 BY Mike Fox

New HKEX Group website launches

Hong Kong Exchanges and Clearing Limited (HKEX) released a revamped version of its Group website on the weekend featuring a suite of new features designed to improve functionality and make information easier to find. The new HKEX Group website has been completely rebuilt from the ground up, with all new infrastructure and content management system, to…

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September 24, 2016 BY Mike Fox

OctaFX launches MT5 accounts adds more instruments

OctaFX, the Saint Vincent and the Grenadines based broker just announced a complete revamp of its trading accounts and conditions. OctaFX has further enhanced conditions on both MT4 and cTrader accounts as well as launching a brand new MT5 Pro Account. OctaFX’s new Pro Account is designed to suit traders who wish to take advantage…

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September 23, 2016 BY Mike Fox

Coinbase removes daily limits for buying and selling Bitcoin

San Francisco based Bitcoin Exchange and provider Coinbase just announced the launch of weekly buy/sell limits on Coinbase. In the past, Coinbase used daily limits. This created frustration as users were forced to come back every day to purchase their maximum amount. The change was made given feedback to the company from users who prefer…

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September 23, 2016 BY Mike Fox

Crane Currency expands with banknote printing facility in Malta

Crane Currency, a rapidly growing global producer of currency products, announced this week plans to build a new banknote printing facility and customer experience center in the country of Malta.  The Malta facility will represent an investment of approximately $100 million for the construction of the factory, the machinery and the equipment. The company expects…

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September 22, 2016 BY Mike Fox

CFTC charges All City Investments which showed fraudulent 2,675% growth in FX trading

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Defendants Jamal Y. Vance and All City Investments, LLC (All City), charging Defendants with solicitation fraud in connection with off-exchange Forex transactions and with failure to register as Commodity Trading Advisors (CTAs) with the…

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September 22, 2016 BY Mike Fox

Thomson Reuters acquires trading technology company REDI Holdings

Thomson Reuters (NYSE: TRI) has signed a definitive agreement to acquire REDI Holdings, a trading technology pioneer whose flagship REDIPlus execution management system (EMS) provides advanced cross-asset class trading capabilities to the buy-side. The acquisition is expected to close by the end of Q4 subject to customary closing conditions including regulatory approvals. The REDI acquisition…

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September 22, 2016 BY Mike Fox

Gold-i opens office in Japan and appoints Head of Sales APAC

Gold-i announced today it is accelerating its growth plans in Asia with the appointment of industry veteran, Hans von der Recke as Head of Sales for Asia Pacific (APAC) and the opening of a new office in Japan. The appointment coincides with Gold-i celebrating eight years in business and restructuring its UK-based sales team to…

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