LeapRate Exclusive... Further to our exclusive report back in March that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license, LeapRate has learned that Direct Trading Technologies UK Ltd has been approved by the UK financial conduct authority (FRN: 79589) and plans…
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Retail FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP), parent company of FOREX.com, has announced that Mark Richards, a member of the Board of Directors was resigning from the Board, effective immediately. Mark Richards, CEO of IPGL Limited, was appointed to the GAIN Capital Board less than a year ago, as the IPGL representative on the…
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Opting for managed services for non revenue-generating activities and implementing scalable cloud computing power will be key differentiators in terms of financial services firms’ ability to compete in the digital age, according to a white paper published today by Celent, a global research, advisory, and consulting firm, and Torstone Technology, a provider of post-trade securities…
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Straits Financial Services Pte. Ltd. (Straits Financial), a Singapore-based brokerage, and Trading Technologies International, Inc. (TT), a global provider of high-performance professional trading software, have announced Straits Financial has contracted with Trading Technologies to distribute the TT futures trading platform. Straits Financial’s global customer base will now have access to TT’s robust suite of advanced…
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LeapRate Exclusive... The People's Bank of China, effectively China's central banking authority, has posted a notice on its website providing further warnings that it is planning to take measures to shut down what it terms illegal FX brokerage activity targeting China-based Retail FX traders. The notice, which also officially comes from the Ministry of Public Security…
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LeapRate has learned that Cyprus based regulatory consulting firm MAP S.Platis has successfully concluded an agreement with regulator Cyprus Securities and Exchange Commission (CySEC), for the provision of expert services in the conduct of investigations of potential violations of the pertinent legislation by Cypriot Investment Firms (CIFs). CySEC issued a public tender to outsource some of…
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Cboe Europe has announced it will expand its coverage to 18 markets across Europe with the planned launch of trading in Polish, Hungarian and Czech securities beginning 5th November 2018, pending regulatory review. Cboe Europe plans to offer trading in the stocks that comprise the following indices: WIG20 Index (Poland) BUX Index (Hungary) PX Index…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has announced the completion of a repricing transaction of its 1st Lien Secured Term Loan (the “Term Loan”) along with a principal prepayment of $74 million. Following the prepayment and the amendment, the total balance of the Term Loan…
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David Shrier of Distilled Analytics and Joseph Weinberg of Shyft Network have announced a multi-year partnership to deliver next generation biometric identity solutions leveraging blockchain technology, artificial intelligence, and advanced analytics to combat the expanding global issue of identity verification, theft, and fraud. A predictive identity solution from Distilled Analytics, in partnership with Shyft Network’s…
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After recently setting foot in the US trading market after acquiring VantagePointTrading.com, fast-growing FX and cryptocurrency affiliate company Investoo Group has continued its acquisition spree across the ocean from its European home base by buying EFXTO.com. EFXTO.com is the first Spanish-speaking forex product for the company. The company said that the acquisition will grow its already extensive…
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