Traiana (a CME company) has announced that it is enhancing its Credit Risk Hub tool, which provides FX prime brokers with solutions for Tri-Party Agreements and credit management. Traiana enables the sell-side to automate cross-asset risk management and pre/post trade processing. The enhanced offering means that brokers will now be able to document Tri-Party trade…
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The clearing house LCH has just announced that the investment bank of Intesa Sanpaolo Group, Banca IMI, has joined its CDSClear service. Banca IMI will now have access to clearing of credit derivatives referencing both Single Names and Indices, and is the first Italian member to join the clearing service. Banca IMI is already a…
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United Overseas Bank Limited (UOB), Singapore Exchange Limited (SGX) and the China Chamber of International Commerce (CCOIC) have announced today that they have signed a MOU. The alliance has been made in order to help Chinese enterprises use Singapore as a launchpad to expand into ASEAN. LeapRate reminds that SGX has already strengthened ties with…
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Japan’s technology company SoftBank Group Corp (TYO:9984) has announced that it will invest €900 million in Wirecard (ETR:WDI), the German digital payments company. SoftBank will buy 5-year Wirecard bonds that can convert into an equity stake. The Japanese company stated that the bonds will convert into a 5.6% stake in Wirecard at a price of…
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Global provider of online trading CMC Markets Plc (LSE:CMCX) has just announced that it now starts offering its clients the ability to spread bet and trade CFDs on the US Fang Plus index, including highly-traded growth stocks such as Facebook, Amazon, Netflix, Alibaba and Baidu. Just a week ago, CMC Markets added CFDs trading on…
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Forex trading platform developer MetaQuotes announced that it has just purchased the largest specialized project on the Runet. The company has acquired the Searchengines.ru news portal along with Searchengines.guru, the SEO and the digital marketing forum. This deal enables further expansion and development of our web analytics and conversion optimization services," Renat Fatkhullin, CEO of…
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Canada’s alternative asset management company Integrated Asset Management Corp. (IAM) (TSX:IAM) announced that it has just closed a $22,000,000 senior secured term loan to Lagasco Inc. Lagasco is going to use IAM's provided funds to purchase a portfolio of producing oil & gas assets located in Southwestern Ontario from a Limited Partnership. LeapRate reminds that…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has published its operating metrics for the month of March 2019. The average daily traded volume submitted to CLS was USD1.86 trillion up 8% from USD1.73 trillion in February 2019. CLS Group has recently reported its annual volumes and shared…
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Multi-asset execution and order management systems company FlexTrade has just announced that it has teamed up with the operating system (OS) of finance OpenFin. The partnership will improve workflow management for buy-side traders using FlexTrade’s execution management system FlexTRADER and its cloud-based trading system FlexNOW. FlexTRADER has operated an open architecture model for many years, ensuring…
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Global clearing house group LCH just announced that Deutsche Bank has gone live to offer client clearing via CDSClear. Deutsche Bank is the first German bank to offer this service. MEAG and Union Investment are the first clients to connect to CDSClear via Deutsche Bank. Frank Soussan, Global Head of CDSClear, said: We’re delighted that…
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