CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has just announced its Interim Financial Report, releasing record traded volumes in CLSSettlement, but reporting a loss for the six months to 30 June 2018 from a financial perspective. The complete message from Ken Harvey, David Puth and Trevor Suarez…
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Suppliers, refiners and end users of U.S. crude oil will have a new way to price and hedge WTI light sweet crude oil in Houston beginning in Q4 2018. Derivatives marketplace CME Group will offer a new WTI Houston Crude Oil futures contract with three physical delivery locations on the Enterprise Houston system, pending regulatory…
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NEX Group (LON:NXG), a financial technology company at the centre of global markets, has announced today that it has agreed commercial terms with a number of investors to invest new funds into NEX Exchange. The new funds will be retained by NEX Exchange, where they will be used to develop and grow the business. Completion…
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The Agency for the Cooperation of Energy Regulators (ACER) and the Energy Community Regulatory Board (ECRB) have organised on 21 September in Rome a joint workshop to discuss the status of the implementation of the EU Regulation on capacity allocation and congestion management Capacity Allocation. The aim of the workshop was to tighten cooperation with…
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LCH, the global clearing house, has just announced that Kate Birchall has been appointed Head of Asia Pacific, LCH Ltd, effective 15 October 2018. Based in Sydney, Birchall will report to Martin Pluves, CEO, LCH Ltd. Kate Birchall will be responsible for LCH’s business in Asia Pacific, including the CCP’s existing OTC derivatives clearing operations…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. The Trump government of the United States announced last week that it has imposed an additional 10% tariff on Chinese imports worth US$200 billion. The renminbi is bearish. The negative news has caused the US dollar to see 6.86 against the…
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If you weren't on LeapRate this week, then you missed (or heard late about) all the key Forex Industry News stories including: What are EU Forex brokers doing to circumvent the ESMA leverage cap? What measures are Chinese authorities taking to crack down on illegal FX brokerage activity? (And, what exactly does it consider "illegal"?)…
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TPG Capital (TPG), a global private equity and alternative asset firm, has selected PFA Solutions' FirmView® to support their GP accounting and reporting needs. PFA Solutions, a provider of alternative investment technology and services, has announced today that TPG, the global private equity platform and alternative asset firm, has selected the FirmView platform to support…
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PPDAI Group Inc. (Paipaidai) (NYSE:PPDF), the online consumer finance marketplace in China, has just announced the resignation of Mr. Zehui Liu from the board of directors of the Company (the "Board"), effective September 21, 2018, due to his own personal reasons. Upon the effectiveness of Mr. Liu's resignation, the Board will consist of eight directors,…
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LeapRate Exclusive... After tripling its Revenue in 2016, LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK had a more reserved year in 2017, with Revenue, Profit and Client Deposit activity basically mirroring that of the previous year. ThinkMarkets UK revenue for 2017 came in at £3.79 million (USD $5 million), versus £3.82…
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