The following article is courtesy of Nikolas Papas, Market Strategist, InvestingCube.com and ATFX. Netflix (NASDAQ: NFLX) focus has turned to international expansion as the fast-growing company is looking for new clients. Netflix is working on projects across many countries such as Italy, Mexico, Brazil, Spain, Germany, France, and Turkey. It also has a strong portfolio…
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Montreal-based payment technology company Nuvei has just confirmed that the UK's Financial Conduct Authority has approved the proposed change in control of SafeCharge Financial Services Limited and, as such, the relevant condition to the Acquisition has now been satisfied. LeapRate reminds that back in May 2019 Nuvei announced an all cash offer to acquire the…
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It’s official – Christine Lagarde, the current head of the IMF, has been nominated to replace the outgoing Mario Draghi as head of the ECB. Known as both a politician, as well as an economist, Ms. Lagarde will bring a much-needed breath of fresh air to the central banking affairs of the EU. Although Lagarde’s…
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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 June 2019. The average daily traded volume submitted to CLS was USD1.88 trillion, up 16.1 percent from USD1.62 trillion in May 2019. Average daily traded volume submitted to CLS…
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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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