Valentina Kirilova
LeapRate Analyst

Experienced independent writer and journalist with a demonstrated history of working in the global online trading sector.
March 15, 2017 BY Valentina Kirilova

CME Group to serve as administrator for MAC swaps contract

Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced that it will serve as the administrator for SIFMA Asset Management Group's (AMG) Market Agreed Coupon (MAC) swap contract, which was previously administered by SIFMA. MAC swaps are interest rate swap (IRS) contracts with pre-defined, market-agreed terms developed by SIFMA AMG and ISDA in 2013. CME Group…

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March 15, 2017 BY Valentina Kirilova

ACFX license (finally) suspended by CySEC, a year after closing

The Cyprus Securities and Exchange Commission (CySEC) announced that, on its meeting of 13th February 2017, has decided to wholly withdraw the Cyprus Investment Firm authorization with number CIF 085/07 of Atlas Capital Financial Services Ltd. (ACFX). The company is operating at https://www.acfs.eu and https://www.acfx.com. ACFX basically shut down its operations, with several million dollars…

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March 15, 2017 BY Valentina Kirilova

Fintech provider Duco continues global expansion with Societe Generale Bank & Trust

Duco, the global fintech provider of data control services, has announced a commercial agreement with Societe Generale Bank & Trust (SGBT), a wholly-owned subsidiary of Societe Generale based in Luxembourg. SGBT plans to use Duco Cube, the self-service data control platform, to automate a number of key processes, including securities, cash and internal system-to-system reconciliations.…

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March 15, 2017 BY Valentina Kirilova

Fed likely to raise rates as U.S. economy flexes muscle

The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target, Reuters reported earlier today. A rate hike at the conclusion of the Fed's latest two-day policy meeting is already baked into…

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March 15, 2017 BY Valentina Kirilova

Google brings P2P payments to Gmail Android app

Google is wading back into the crowded P2P payments arena, adding a feature to its Gmail Android app that makes sending friends funds as easy as attaching a file to an email. Google first began letting US users send and receive money through Gmail on desktop back in 2013 but is only now bringing the…

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March 15, 2017 BY Valentina Kirilova

Edelweiss Singapore installs latest version of Horizon trading software

Horizon Software, the global provider of electronic trading and investment management technology, just announced the extension of its long-term relationship with Edelweiss International Singapore (Pte) Limited, a subsidiary of Edelweiss Financial Services Limited, one of India's leading diversified financial services companies. Edelweiss will be using the latest version of Horizon's trading technology as a strategic…

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March 15, 2017 BY Valentina Kirilova

SFC reprimands and fines BOCOM International (Asia) Limited $15 million for sponsor failures

The Securities and Futures Commission (SFC) has reprimanded and fined BOCOM International (Asia) Limited (BIAL) $15 million, for failing to discharge its duties as a sponsor in relation to the listing application of China Huinong Capital Group Limited. Failure to conduct all reasonable due diligence before submitting an application China Huinong is a company established…

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March 15, 2017 BY Valentina Kirilova

Hanweck announces addition of Nasdaq’s Jean-Jacques Louis to Board of Directors

Hanweck, a provider of real-time risk analytics on global derivatives markets, just announced that Jean-Jacques Louis, Senior Vice President of Corporate Strategy at Nasdaq, has joined its Board of Directors. At Nasdaq, Mr. Louis is responsible for the strategic and financial analyses and execution of all corporate and business unit investments. Nasdaq is a strategic…

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sfc warning
March 15, 2017 BY Valentina Kirilova

Hong Kong SFC adds Kanagawa Associates to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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