Copenhagen-based online broker Saxo Bank today reported a negative net profit of DKK 139 million for the H1 2019, compared to a positive net profit in H1 2018 of DKK 153 million. H1 2019 highlights include: Operating income: DKK 1,109.8 million (DKK 1,506.4 million H1 2018) EBITDA: DKK 57.1 million (DKK 397.9 million H1 2018)…
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Exchange Data International (EDI), a provider of global security corporate actions, pricing and reference data, announced that it has just launched a new Cost Basis solution. Exchange Data International’s Worldwide Equity Cost Basis (WECB)'s aim is to enable users to track both a security's cost basis, its evolution and its descendant's cost basis & evolution…
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Prime of Prime and liquidity provider, IS Prime, just announced that it has extended its liquidity distribution by teaming up with FX and Digital Asset trading solutions provider TradAir. Banks and brokers can now view and trade directly against IS Prime liquidity as well as utilize TradAir's solution to enable their clients to benefit from…
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SGX-listed global financial technology group, ayondo, announced that it has entered into a non-binding strategic alliance terms with social investing company iMaibo. iMaibo is a Chinese company, offering a cost-efficient social investing platform for Asian, European and other global CFDs to facilitate investment-related business, via its network of social media influencers and key opinion leaders…
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Itiviti, a technology and service provider to financial institutions worldwide, announced that it has teamed up with Blaze Portfolio, a software provider focusing on scalable investment portfolio rebalancing and real-time trade order management technology. Blaze's clients will now have access to Itiviti’s NYFIX suite of services including, its FIX connectivity network, monitoring and execution reporting.…
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Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) has today released its unaudited interim results for H1 2019. LeapRate reminds that the company has recently agreed to extend the completion date of the conditional Share Purchase Agreement to sell its entire holdings in MarketFinancials Limited (MF) to 31 August 2019. TechFinancials has also signed a…
Read moreIn a surprise move, the Bank of Thailand announced that its Monetary Policy Committee had voted five to two to reduce its benchmark interest rate immediately by 25 basis points, reducing its 1.75% rate back down to 1.50%. It was the first change in rates since 2015. The Thai Baht had been the strongest performing…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of July 2019. The ADV submitted to CLS dropped with 7.1% MoM to US$1.75 trillion. ADV submitted to CLS by product (US$ trillion) Jul 2018 Jun 2019 Jul 2019 Swap…
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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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CLS has just announced that it has included China CITIC Bank International Limited (CNCBI) to its CLSSettlement as a third-party client. CLS noted that CNCBI is the first Chinese bank to have access to CLSSettlement. Industry initiatives such as the introduction of the FX Global Code have further increased awareness of the need to adopt…
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