Virtu Financial completes term loan repricing and prepayment of BondPoint’s sale LeapRate

January 08, 2018 BY Valentina Kirilova

Virtu Financial completes term loan repricing and prepayment of BondPoint's sale

Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today announced the completion of a repricing transaction of its 1st Lien Senior Secured Term Loan along with a principal prepayment of $276 from the proceeds of its previously announced sale of BondPoint to Intercontinental Exchange (NASDAQ:ICE). Following the…

January 08, 2018 BY Valentina Kirilova

GAIN Capital continues global rollout of Bitcoin trading adding Australia and Singapore

GAIN Capital Holdings, Inc. (NYSE: GCAP) today announced the launch of Bitcoin trading in Australia and Singapore on the Company's City Index branded service, which is regulated by ASIC and MAS, respectively. GAIN Capital's Bitcoin offering enables its customers to trade the value of the cryptocurrency through a highly-regulated, trusted broker, without the need to…

January 08, 2018 BY Valentina Kirilova

LCH achieves a record year for volumes in 2017

LCH, a global clearing house, today announced record volumes across multiple clearing services in 2017. LCH’s equities, fixed income, and OTC derivatives clearing services all surpassed previous years’ clearing activity. Volumes growth across the business has been driven by the roll-out of new products, effects of regulatory change and the onboarding of new customers across…

January 08, 2018 BY Valentina Kirilova

TP ICAP plc announces the acquisition of SCS Commodities Corp

TP ICAP plc announced that is has acquired SCS Commodities Corp, an independent energy and commodities broker based in the US. SCS has expertise in crude oil futures, soft commodities, petroleum and refined products, natural gas options and crude oil options. It has 26 brokers who provide clients with continuous coverage of energy markets around…

January 08, 2018 BY LeapRate Staff

FXCM sees multi-year low with December FX trading volumes at $171 billion

After seeing a healthy comeback in trading volumes during November, Retail FX broker FXCM Group has reported that December activity dipped by 22% to $171 billion - the company's slowest month since at least 2015. Average customer trading volume per day came in at $8.6 billion in December 2017, 13% lower than November 2017 (with…

January 07, 2018 BY LeapRate Staff

FX Industry Week Review: LMAX splits in two, Plus500 record quarter, Managing Crypto risk, and lots more…

In the first week for Forex Industry News of 2018... Why did institutional FX player LMAX split its operations into two separate FCA regulated companies? What drove Plus500 to (yet another!) record quarter in Q4? What problems are FX brokers having in managing risk and liquidity from clients increasingly trading cryptos? And, what can be…

January 05, 2018 BY Valentina Kirilova

Charles Randell appointed new Chair of the FCA

HM Treasury has today announced the appointment of Charles Randell CBE as the new Chair of the Financial Conduct Authority (FCA). Charles Randell is currently an external member of the Prudential Regulation Committee of the Bank of England and a non-executive board member of the Department for Business, Energy and Industrial Strategy. Randell will take…

January 05, 2018 BY Valentina Kirilova

Canadian online broker downtime blamed on manic marijuana stock trading

Traders using at least two major online discount brokerage platforms are complaining of sporadic outages and expressing frustration that the latest glitch has tied their hands amidst a broad plunge in marijuana stocks, Financial Post reported earlier today. Clients of TD Bank’s WebBroker and Royal Bank’s RBC Direct Investing platforms have again taken to social…

January 05, 2018 BY Valentina Kirilova

JPMorgan Chase announces adjustments to warrant Exercise Price and Warrant Share Number

JPMorgan Chase & Co. (NYSE: JPM) announced today that in accordance with the terms of the outstanding warrants to purchase common stock of JPMorgan Chase (NYSE: JPM/WS), the warrant Exercise Price will be reduced to $41.764 per share from $41.834 per share, and the Warrant Share Number will be increased to 1.02 from 1.01, effective…

January 05, 2018 BY Valentina Kirilova

Cboe Global Markets reports annual trading volume, several records set in 2017

Exchange holding company Cboe Global Markets, Inc. (Nasdaq: CBOE) has just reported its December and full-year 2017 trading statistics. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain December and full-year 2017 statistics. Annual Trading Records Set in 2017 Several trading records were set for the…

Category: Forex