RoboMarkets Asia Ltd receives Malaysian license, opens a regional headquarters in Labuan LeapRate

August 08, 2019 BY Valentina Kirilova

RoboMarkets Asia Ltd receives Malaysian license, opens a regional headquarters in Labuan

RoboMarkets (RoboForex group) has just announced that it has received a license that allows providing services on Forex and CFD markets from Malaysia. RoboMarkets Asia Ltd has received the Malaysian license (license No. MB/19/0034) from the Labuan FSA and opened a regional headquarters in Labuan. The company has also opened a marketing office located in…

August 08, 2019 BY Valentina Kirilova

CLS Group’s ADV down 7% MoM in July

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…

Marex Spectron launches Marex Financial Products structured note business

August 08, 2019 BY Valentina Kirilova

Marex Spectron trades IBP/NBP locational spread for the first time

Global commodities broker, Marex Spectron, has announced that the IBP/NBP locational spread has traded on its broker screen for the first time. Bord Gáis Energy was the first company to trade the spread by transacting at the IBP and NBP simultaneously; a second spread trade was then completed shortly after the first. Martin Regan, Marex…

August 06, 2019 BY Valentina Kirilova

TP ICAP releases steady results for the first half of 2019

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…

August 06, 2019 BY Valentina Kirilova

Kantox and Silicon Valley Bank to provide FX hedging technology to UK corporates

FX management solutions company, Kantox, has announced today that it has partnered with Silicon Valley Bank (SVB) to offer FX management software to SVB’s corporate clients across the United Kingdom. Dynamic Hedging, a micro-hedging solution developed by Kantox, fully automates FX risk management to create greater efficiencies for treasurers. The technology provides better visibility over…

August 06, 2019 BY Valentina Kirilova

CLS welcomes China CITIC Bank to CLSSettlement as a third-party client

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…

August 06, 2019 BY Valentina Kirilova

Swissquote reports record client assets in first half of 2019

Leading online Swiss bank Swissquote Group Holding SA (SWX:SQN) reported net revenues of CHF 112.2 million for the first half of 2019, equaling the high figure posted in the same period of the previous year. Pre-tax profit of CHF 25.1 million was lower YoY. On the strength of a net new money inflow of CHF…

August 05, 2019 BY Valentina Kirilova

Tradesocio teams up with liquidity provider ADSS for enhanced execution

International financial services firm ADSS has announced that it has teamed up with Tradesocio in order to become one of the major liquidity providers available to the company’s institutional clients. The partnership between the two companies aims to enhance the trade execution capabilities offered through Tradesocio Marketplace. Financial services providers adopting Tradesocio’s technology will now…

August 05, 2019 BY Valentina Kirilova

Financial technology company Integral’s ADV down 6.3% MoM in July

Fintech company Integral just released its volumes report for the month of July 2019. Average daily volumes (ADV) across Integral platforms totaled $34.1 billion in last month, volume's down 6.3% compared to June 2019. LeapRate reminds that in 2018 Integral invested in Mint Exchange, a cryptocurrency clearinghouse designed for institutions. Mint Exchange is built on the…

August 05, 2019 BY Valentina Kirilova

Argentex adds RBS Director Lena Wilson to its executive team

FCA regulated provider of foreign exchange services to institutions, corporates and high net worth private individuals, Argentex Group PLC, has just announced that it has added one of Scotland’s best-known business leaders, Lena Wilson, CBE FRSE to its team as Senior Independent Director and Chairwoman of the Nominations Committee. Lena Wilson currently serves on the…

Category: Forex