Brokerage technology solutions provider Tools For Brokers has just announced that it has integrated capital adequacy and end of day reports into its flagship product, Brokers Business Intelligence (BBI). Released at the start of this year, BBI is a web-based platform for cross-functional risk management and a business analytic service integrated with both MT4 and…
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ANZ has announced the appointment of Jodi West as CEO Vietnam, reporting to Farhan Faruqui, ANZ Group Executive, International. Ms West joined ANZ in 2015 as Head of Institutional FX Sales, Australia. Prior to ANZ, she held roles in the FX & Commodity sales team at both Citigroup and Barclays, and was also Head of…
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It is rare that a company reports a 43% quarterly drop in Revenues, but you could still call that quarter a successful and strong one. Well that seems to be the case with Plus500's Q2 results. After surprising the markets (and anyone else who follows the FX industry) with an absolutely astounding Q1 which saw…
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The usually slow summer months of forex industry news were certainly spiced up this past week, with Mergers & Acquisitions headlining the parade. How much did Swissquote pay for online 'expat' broker Internaxx? Why did AxiCorp buy FCA regulated One Financial? There was also more with LeapRate exclusively reporting on a number of executive moves,…
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Overstock.com, Inc. (NASDAQ:OSTK) and t0.com, Inc. (tZERO) have announced that the companies have both signed term sheets with GSR Capital, a Hong Kong based private equity firm, to invest up to $374.55 million in exchange for common equity in blockchain subsidiary tZERO and common equity in Overstock.com. Overstock and GSR Capital have also entered into…
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Derivatives marketplace CME Group has just announced that it will expand its suite of E-mini S&P Select Sector futures with the addition of a new Communication Services Select Sector futures contract. Pending regulatory review, the new product will be available to trade starting Sept. 10, 2018, alongside CME Group's existing 10 Select Sector futures products.…
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Ant Financial Services Group has announced that 14 newly approved target-date retirement funds will be made available on the Company’s wealth management platform, Ant Fortune. On August 6, 2018, China Securities Regulatory Commission (CSRC) approved the launch of the first batch of 14 target-date retirement funds operated by Chinese asset management firms including China AMC,…
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Abu Dhabi based financial services firm ADSS has announced the appointment of Ashraf Elgarf as Head of Sales Trading for its UK business, based at the company’s London office. Ashraf Elgarf has over 15 years of experience in multi-asset sales and is recognised as a specialist in trading execution. He joined ADSS to set up a…
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Atonomi, the blockchain-based arm of IoT security provider CENTRI Technology, has announced the appointment of seasoned technology and business leader Robert “Rob” Strickland to the role of CEO for both companies. Strickland, who has also served as the longest member of the Board of Directors, brings more than 30 years of experience in driving innovation…
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Cyprus financial regulator CySEC, in apparent response to an increase in CIF license applications from FCA regulated firms, has issued a notice that any firm wishing to ensure its application has time to work its way through the system before a possible 'Hard Brexit' in March 2019 needs to have its paperwork completed and submitted…
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