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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
Rosenthal Collins Group LLC (RCG), an independent futures brokerage based in Chicago that specializes in serving Introducing Brokers, institutions, professional traders and individual investors, today announced the appointment of Brian Ager as President of the firm’s new Institutional Forex division in New York. Ager has spent more than three decades in financial services, including more…
Read more
NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announced today that it has appointed Colin Murphy as Chief Commercial Officer of NEX Optimisation which incorporates Head of Sales for NEX Regulatory Reporting. Colin joined NEX Optimisation on 15 May 2017. Launched in March 2017, NEX Regulatory Reporting is a…
Read more
AcadiaSoft, Inc., a provider of margin automation solutions for counterparties engaged in collateral exchange worldwide, just announced the appointment of Fred Dassori as Head of Risk Products and Corporate Development. He will assume responsibility for the company’s Risk business segment and oversee external strategic growth initiatives. Dassori most recently served as president and CEO of…
Read more