Valentina Kirilova
LeapRate Analyst

Experienced independent writer and journalist with a demonstrated history of working in the global online trading sector.
August 17, 2016 BY Valentina Kirilova

Fullerton Markets launches Tradency’s RoboX & Mirror Trader platforms

Shortly after the news that RoboX is expanding in Asia, Fullerton Markets has announced a collaboration with financial technology provider Tradency. The deal allows traders on Fullerton Markets to access the Mirror Trader Platform and Tradency’s RoboX. The RoboX system uses a unique algorithm which creates bespoke packages of trading strategies which are constantly updated. Mario Singh, CEO…

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August 16, 2016 BY Valentina Kirilova

HKEX set for another step forward in mutual market access

Following today's joint announcement by the China Securities Regulatory Commission (CSRC) and Hong Kong's Securities and Futures Commission (SFC), Hong Kong Exchanges and Clearing Limited (HKEX) will work with the Shenzhen Stock Exchange (SZSE), the Shanghai Stock Exchange (SSE), the China Securities Depository and Clearing Corporation Limited (ChinaClear) and other relevant parties to establish mutual…

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August 16, 2016 BY Valentina Kirilova

SFC and CSRC announce Shenzhen-Hong Kong Stock Connect

The Securities and Futures Commission (SFC) and the China Securities Regulatory Commission (CSRC) have announced the approval, in principle, of the structure of Shenzhen-Hong Kong Stock Connect, which will provide mutual stock market access between Hong Kong and Shenzhen via a northbound trading link and a southbound trading link. There will be no aggregate quota under…

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August 16, 2016 BY Valentina Kirilova

FIA welcomes regulatory focus on central counterparty risk

The Futures Industry Association (FIA) has welcomed publication of reports from the Committee on Payments and Market Infrastructures (CPMI), the International Organization of Securities Commissions (IOSCO), and the Financial Stability Board (FSB) as an important step in ensuring the safety and resilience of the derivatives clearing infrastructure globally (CPMI-IOSCO consultative document and FSB discussion paper). Walt Lukken, president…

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August 16, 2016 BY Valentina Kirilova

HKFE announces revised margins for futures contracts

HKFE Clearing Corporation Limited (a wholly-owned member of the Hong Kong Exchanges and Clearing Limited Group) has determined that with effect from the commencement of trading on Thursday, August 18, 2016, the margin levels of the following Futures Contracts shall be as follows: Client Margin  Clearing House Margin Initial (HK$)  Maintenance (HK$)  (HK$) Ping An Insurance…

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August 16, 2016 BY Valentina Kirilova

Reports from CPMI and IOSCO advance regulatory agenda on CCPs

Reports published today by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are aimed at enhancing the resilience of central counterparties (CCPs), an important move towards completing the regulatory agenda for central clearing laid out after the financial crisis. CPMI chair Benoît Cœuré, said: Ensuring that central…

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August 16, 2016 BY Valentina Kirilova

Clearstream announces July report, TARGET2-Securities platform is gaining momentum

The banking company Clearstream has just announced its July report. The pan-European settlement platform TARGET2-Securities (T2S) is gaining momentum. The third migration wave will take place next month, and more and more market participants now focus on optimising their operating model in a T2S world. Clearstream Chairman Jeffrey Tessler when presenting Clearstream’s monthly figures, mentioned: Although T2S…

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August 16, 2016 BY Valentina Kirilova

CMA sets out provisional concerns about ICE/Trayport merger

The Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns. The operator of exchanges and clearinghouses in the trading of European utilities, Intercontinental Exchange, Inc. (ICE), has its own proprietary software which allows trading of energy commodity and utility derivatives on its exchanges. Trayport’s software…

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August 16, 2016 BY Valentina Kirilova

Phil Foweraker is the new business development manager of alternative lender FundX

Alternative lending fintech, FundX, has announced the appointment of a new Business Development Manager chosen specifically for his expertise in finance broking, in recognition of the growing importance of fintech lenders partnering with finance brokers. Phil Foweraker has spent over 15 years in finance covering all facets of funding, including at Westpac and NAB, however…

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