TP ICAP plc has released a trading update in relation to the three month period from 1 January 2019 to 31 March 2019. Revenue in the three months to March 2019 of £469m was 1% higher YoY on a reported basis and 2% lower at constant exchange rates. Energy & Commodities, Institutional Services and Data…
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LeapRate Exclusive... ISAM Capital Markets, the parent company of IS Prime, announced exclusively for LeapRate that it is expanding its Agency Execution business and bolstering its team in Sydney through the appointment of two senior financial markets professionals, Angus Malone and Cal Portway. Angus Malone has 15 years’ experience at Macquarie Bank, progressing from trainee…
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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 April 2019. The average daily traded volume submitted to CLS was USD1.63 trillion down 12.5 percent from USD1.86 trillion in March 2019. The complete results can be seen in the table…
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Brokerage and financial services firm INTL FCStone Inc. has just announced its financial results for the fiscal year 2019 second quarter ended March 31, 2019. Highlights include: Record Operating Revenues of $271.1 million, up 4% Net Income of $23.4 million EPS of 1.21 per share, ROE of 17.4% Sean M. O’Connor, CEO of INTL FCStone…
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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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