LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has named Levy Benarroch as its COO. Mr. Benarroch has also been added to the company's board. Levy Benarroch joined GCM Prime via its acquisition late last year of CMS UK / CapMarFX, where he was Compliance Officer. Prior…
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Along with the news of the underlying architecture for NEX Infinity, NEX Optimisation announced today that it has restructured to organise the business in a way that clients want to consume services and address their own financial, regulatory and operational challenges. The restructure transforms the way NEX Optimisation delivers its services to clients. As part of…
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Well, it looks like FXCM will have some more money to pay back its loan from Leucadia. Pan European exchange group Euronext NV (EPA:ENX) has announced that it has reached an agreement to acquire 90% of Forex ECN FastMatch for $153 million in cash, plus a $10 million contingent earn-out. The remaining 10% of FastMatch…
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Solactive, the innovative German index engineer, announced the launch of the Solactive Stable Income Europe Index. This index is replicating the performance of 50 European shares selected on the basis of a screening strategy blending together free cash flow yield, dividend yield and low volatility characteristics. The index targets investors interested in a smart beta…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated FX liquidity and technology solutions provider Finotec has reported Revenues of £1.26 million and Net Profit of £211,000 in 2016. While an improvement over 2015 (Revenues £1.1 million, Net Loss £158,000), activity remained very slow in 2016 at one of the original players in Retail Forex. Finotec…
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OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Forbes Energy Services Ltd. (OTCQX: FLSS), an independent oilfield services contractor, has qualified to trade on the OTCQX® Best Market. Forbes Energy Services upgraded to OTCQX from the Pink® market. Forbes Energy Services begins trading today on…
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National Settlement Depository (NSD), Russia’s central securities depository, has launched a service allowing for the prioritization of the execution of instructions when settling securities transactions on a DVP basis (transaction code 19/0) or a FOP basis (transaction code 16). The prioritization service complies with international central securities depositories’ practice, increases settlement efficiency, and allows clients…
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CLS Group, a provider of risk mitigation and operational services for the global foreign exchange (FX) market, today announced that nine new directors have been elected to its Board of Directors at its Annual General Meeting held on 2 May 2017. The CLS Board now totals twenty-three directors, five of whom are independent and designated…
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UK based online brokerage house CMC Markets Plc (LON:CMCX) has announced the launch of its new Prime FX proposition, as the company continues to bolster its institutional offering. Prime FX from CMC Markets has been designed to help fill the liquidity gap that has been left by many of the traditional prime brokers scaling back…
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Morningstar, Inc. (NASDAQ: MORN), a provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for April 2017. In April, investors put $17.1 billion into U.S. equity passive funds, down from $31.1 billion in March 2017. On the active side, investors pulled $16.8 billion out of U.S. equity…
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