Binary options platform and brokerage group TechFinancials Inc (LON:TECH) provided the market with an update last week relating to the sale of its shareholding in MarketFinancials Limited (MF). The Company has agreed to extend the completion date of the conditional Share Purchase Agreement (the “SPA“) to sell its entire holdings in MF to 31 August…
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Lovell Minnick Partners (LMP), a private equity firm focused on investments in the global financial services industry, including related technology and business services companies, announced that it has completed a significant minority investment in software and technology solutions provider oneZero Financial Systems. LeapRate reminds that just a week ago, oneZero Financial Systems released Liquidity Hub…
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Global financial services firm JST Capital just announced that it has launched a full suite of offerings, now available to institutional investors, blockchain companies, banks, and brokers in the digital assets ecosystem. These offerings include over-the-counter (OTC) trading via a sophisticated GUI and FIX connection, risk management modelling, crypto optimization strategies and consulting services. JST…
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Commonwealth Bank of Australia (CBA), ABN Amro, London Forfaiting Company, Crown Agents Bank and Natixis have joined the Trade Finance Distribution Initiative (TFD Initiative) as members. The TFD Initiative is an industry-wide drive to use technology and standardisation for the wider distribution of trade finance assets. The project launched earlier this year, attracting number of…
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Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), announced that activity on the company’s foreign exchange platforms has reached new highs in 2019. Regional market participants across the buy-side and sell-side benefit from Refinitiv’s comprehensive offering, from dealer-to-client trading on FXall, to interdealer trading on Matching. The company has earlier this…
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Fintech software provider of financial solutions TechFinancials Inc (LON:TECH) announced earlier this week its results for the year ended 31 December 2018, and as expected, they don't look good at all. Financial Highlights Revenues of US$7.8 million (2017: US$13.4 million) a decrease of 42% Blockchain trading technology revenues of US$3.8 million (2017: US$0.24 million) increased…
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Global clearing house LCH announced that Bank of China (UK) Limited, Bank of China’s UK entity, has gone live as a clearing member of LCH’s SwapClear. Bank of China is LCH's first clearing member from a Chinese banking group. The Bank will now have access to clearing of interest rate derivatives at LCH and will…
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Software solutions platform Polymath announced that it has just added Sumsub to its service provider marketplace. Sumsub is a trusted provider of compliance as a service, with years of legal experience that assures full compliance to STO regulations, including routine KYC/AML checks for individual and corporate clients together with accredited investor checks. Sumsub is a…
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The following article is courtesy of FlexTrade's Ivy Schmerken. With the uptick in Asian currency trading and the growth of electronic trading, Singapore’s regulator is working with the financial industry to build an FX trading hub and expand FX market infrastructure, a move to improve liquidity and price discovery during Asian trading hours. The Monetary…
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FlexTrade, the global cross-asset execution and order management system, has just informed its clients that it has expanded staff levels at its office in Paris. The company has appointed Rushani Caiola as Fixed Income Account Manager to serve the company’s growing number of fixed income clients. Prior to FlexTrade, she was working for nearly 4…
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