Sam Boughedda
LeapRate Analyst
October 08, 2024 BY Sam Boughedda

FTX Plan of Reorganisation Approved By US Bankruptcy Court

FTX's high-profile collapse in November 2022 sent shockwaves through the cryptocurrency industry. It resulted in the criminal conviction of FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud earlier this year. The United States Department of Justice states on its website that "Samuel Bankman-Fried orchestrated one of the largest financial…

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October 08, 2024 BY Sam Boughedda

Instantia Seleects ION FX for Trade Execution and Risk Management

Instantia, which offers users a client-centric way to manage currency exchange, FX strategies, and cross-border payments, was said to be drawn to ION FX's comprehensive end-to-end processing functionality for FX cash and derivative products. ION added that Instantia also appreciated the ability to customise the user interface through ION APIs, which they believe improves the…

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October 08, 2024 BY Sam Boughedda

Nasdaq to Launch PureStream in Europe

PureStream, which is already available in the US and Canada, is expected to be introduced on Nasdaq Europe in the first quarter of 2025, subject to regulatory approval, the company said in its press release on Tuesday. PureStream is said to be designed to facilitate interactions between institutional investors with a common execution goal, enabling…

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October 07, 2024 BY Sam Boughedda

Revolut Calls for Meta Platforms to Reimburse Fraud Victims

According to Revolut's Consumer Security and Financial Crime Report, Meta platforms remain the primary source of scams reported to the company, accounting for 62% of all scams in the first half of 2024. They stated that Facebook was the most common source, followed by WhatsApp and Telegram. Revolut is concerned that Meta's data-sharing partnership primarily…

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Euronext
October 07, 2024 BY Sam Boughedda

Euronext Expands Single Stock Options Offering

The company said in its press release that it believes the expansion further solidifies its position as a key player in the European derivatives market. Euronext revealed it has introduced 21 new German Single Stock Options, completing its coverage of all DAX 40 Index constituents, along with six Irish and four Portuguese Single Stock Options.…

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October 07, 2024 BY Sam Boughedda

Worldline Appoints Paul Marriott-Clarke to Lead Merchant Services Business

Marriott-Clarke brings over 25 years of experience in the banking and payments industry to the role. Marriott-Clarke succeeds Marc-Henri Desportes, who has led Worldline's Merchant Services division since February 2024 alongside his other responsibilities. Desportes will continue to serve as Worldline's CEO. Prior to joining Worldline, Marriott-Clarke held the position of Head of Customer &…

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October 04, 2024 BY Sam Boughedda

Marex to Acquire Aarna Capital and Expand Middle East Footprint

The move is said to expand the company's operations in the Middle East and grow its clearing business, aligning with its strategy to broaden its client base, diversify its operations and increase earnings resilience. Based in Abu Dhabi, Aarna Capital offers a suite of services across energy, base and ferrous metals, as well as financial…

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October 04, 2024 BY Sam Boughedda

MIH Renames Minneapolis Grain Exchange to MIAX Futures Exchange

The rebranding of the exchange is said to align with MIH's broader strategy to expand its futures offerings, leveraging the technology and expertise of MGEX. MIH said the flagship Hard Red Spring Wheat (HRSW) futures and options contracts will also be rebranded as Minneapolis Hard Red Spring Wheat futures and options, representing a new chapter…

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Interactive Brokers
October 04, 2024 BY Sam Boughedda

Interactive Brokers to Introduce Forecast Contracts on Election Outcomes

The contracts debuted on Thursday evening through the ForecastEx exchange, allowing investors to hedge against political volatility or capitalise on their political insights. Forecast Contracts enable investors to take positions on major U.S. political events, such as the 2024 Presidential Election and key Senate races. Examples include contracts on whether Kamala Harris or Donald Trump…

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