Clearstream has today completed the acquisition of Ausmaq Limited from National Australia Bank (NAB). LeapRate reminds that the company reached an agreement with NAB to acquire its Sydney-based specialist managed funds services business Ausmaq Limited back in May this year. Clearstream's expansion to the Australian funds market and the future set-up of Ausmaq will be…
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CLS, a market infrastructure group delivering settlement, processing and data solutions, has today launched CLSNow, a bilateral, same-day FX gross payment-versus-payment (PvP) settlement service. J.P. Morgan and Goldman Sachs are reported to be the first banks to go live on the service. CLSNow enables banks to exchange currency positions with mitigated settlement risk on a…
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While financial news channel talking heads keep telling us that the new normal is gradual economic growth and that key statistical trends are right on track, there is a growing groundswell of clarion calls coming from economists, politicians, and even one key former central banking head that things are not all right. Debts have increased…
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HQBC announced a second edition of its Forex Expo which will happen on 2nd and 3rd October 2019 with all new B2B Zone. The Forex Expo 2019 is the largest event in the MENA region, attracting thousands of attendees from the Forex industry. The event will take place in Dubai, U.A.E., at the Godolphin Ballroom…
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Information giant Thomson Reuters (NYSE:TRI) has confirmed last Friday that it and private equity funds affiliated with Blackstone are in discussions related to a possible acquisition of Refinitiv by the London Stock Exchange Group plc (LSEG). According to latest news, LSEG will acquire Refinitiv for a total enterprise value of approximately US$27 billion. New LSEG…
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ASIC Regulated Australia-based multi-asset trading provider, ACY Securities, have just announced that they have appointed Justin Pooni, a financial markets marketing and branding expert, as their new Head of Marketing & Communications. Justin Pooni will be in charge of the firm’s strategic positioning, communications and digital strategy. Pooni has over 11 years’ experience in developing…
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The international broker LegacyFX has just started offering MetaTrader 5 to its traders. The broker's clients will now be able to trade over 200 financial instruments using the desktop and mobile platforms. LegacyFX has been providing brokerage services since 2017. The MiFID-compliant broker is regulated by CySEC and the National Bank of the Republic of…
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LCH, a global clearing house, has announced that it has added Isabelle Girolami to its team as its new CEO, LCH Ltd. Prior to LCH Girolami was Crédit Agricole's Deputy CEO of Corporate and Investment Banking Business. Girolami will be based in London and will report to Daniel Maguire, CEO, LCH Group. She will be…
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FX brokerage group GAIN Capital Holdings, Inc. (NYSE: GCAP), which operates the FOREX.com and City Index retail forex brands, has announced its financial results for the second quarter of 2019. Key Financial Results for the Second Quarter 2019 include: GAAP net income of $0.9 million, or earnings of $0.02 per share GAAP net revenue of $75.5 million Adjusted net income…
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TradAir, a provider of institutional trading solutions for FX and Digital Assets, has just completed an $11M Series D round, led by new investors GF Investments and the family office of Harvey Golub, former Chairman and CEO of American Express. Over the last year, TradAir has delivered strong financial, product, and operational performance, including 45%…
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