Global commodities broker, Marex Spectron, has announced that the IBP/NBP locational spread has traded on its broker screen for the first time. Bord Gáis Energy was the first company to trade the spread by transacting at the IBP and NBP simultaneously; a second spread trade was then completed shortly after the first. Martin Regan, Marex…
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The tale of the one and only hack of the world’s largest crypto exchange is back in the news, as hackers began their task of laundering the 7,074 Bitcoins that were stolen back in early May from Binance. Coinfirm, a crypto analytics firm, has been keeping tabs on the various addresses where these coins, now…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for August 7, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, Traditional finance types have been talking about it for a while, but lately, I'm seeing more and…
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Right on cue, Bitcoin arose from its “slumber party” and bludgeoned its way upward once more, taking out formidable resistance at $11,200 with ease, leaping beyond $12,000 for a spell, and now consolidating its rapid gains at $11,742. If you do the math, that is a hefty 14% gain in a matter of days, thereby…
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LeapRate Exclusive... Maryanne Morrow is the founder and CEO of 9th Gear Technologies - the only B2B institutional marketplace that enables same day Foreign Exchange (FX) transactions through on-demand payment liquidity. Maryanne brings more than 20 years as a corporate veteran in the financial, marketing and advertising industries to her role as founder and CEO…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for August 7, 2019. See details below: FOREX The Yuan is recovering some of the ground lost earlier in the week against the Dollar, with both the onshore and offshore currencies up on the day by around 0.3%. This occurs as a…
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If Chinese officials are acutely aware of one thing, it most certainly is their country’s constantly evolving position in the world politic and what might pose a competitive threat to that position at a later date. It is therefore not that difficult to understand that, after Facebook and its Libra Coin received a tongue lashing…
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Moscow Exchange (MOEX) announced that it has added trading with US Dollar/Japanese Yen (USD/JPY) currency pair to its list of offerings. Trades will be settled same day (T+0), next day (T+1) and on T+2 after the trade date. Оvernight and tom-next swaps will be also available. Тhe currency pair will also be available for OTC…
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TP ICAP plc has just released its results for the first half ended 30 June 2019. LeapRate reminds that revenue in the first three months to March 2019 of £469m was 1% higher YoY on a reported basis and 2% lower at constant exchange rates. Financial highlights include: Underlying: Revenue of £922m (H1 2018: £910m) Operating profit £158m…
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FX management solutions company, Kantox, has announced today that it has partnered with Silicon Valley Bank (SVB) to offer FX management software to SVB’s corporate clients across the United Kingdom. Dynamic Hedging, a micro-hedging solution developed by Kantox, fully automates FX risk management to create greater efficiencies for treasurers. The technology provides better visibility over…
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