LeapRate Exclusive… LeapRate has learned that Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, has named Simon Bird as its Non Executive Chairman. LeapRate had exclusively reported in November that Mr. Bird was making a comeback of sorts to the FX industry, as he was set to join the board of Ikon…
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Institutional FX player LMAX Exchange Group has announced (see full text below) that it has divided the company's operations into two distinct, separate FCA regulated entities: LMAX Global, the operating name of newly formed LMAX Broker Limited, a broker offering other brokers and professional traders the ability to trade on the LMAX Exchange central limit…
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Multibank FX aggregation service FXSpotStream has announced that December FX trading volumes came in at a fairly strong $19.8 billion ADV, making December one of FXSpotStream's best months of the year despite the usual holiday-related slowdown in the FX trading sector. For the year, FXSpotStream averaged $19.5 billion in daily volumes, up 7% over 2016's…
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Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today announced the closing of the sale of the BondPoint business to Intercontinental Exchange (NYSE:ICE) for a total purchase price of $400 million. Back in October 2017, Virtu shared it has entered into a definitive agreement to sell Virtu’s fixed…
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Celer Technologies, a provider of Foreign Exchange trading technology solutions to banks, brokers, buy-side, ECNs and trading venues just announced its partnership with Hotspot, a CBOE Holdings Inc. (NASDAQ: CBOE) company, and institutional FX trading platform. Celer Tech’s bespoke trading GUI allows customers to access Hotspot’s outright streaming deliverable forward and NDF liquidity. In May…
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The dollar fell to its lowest in over three months on Tuesday, while surprisingly upbeat Chinese manufacturing data ensured there was no serious new year hangover for world shares despite a groggy start for Europe, Reuters reported earlier today. Sentiment was also helped by news that North Korea had offered an olive branch to South…
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Another day of record-breaking on Friday, the half-day session being the last trading day of 2017, with fresh highs for both the FTSE 100 and FTSE 250 while the AIM All-Share Index traded around its highest level since 2008, London Stock Exchange (LSE) reported. The FTSE 100 index closed up 0.9%, or 64.89 points at…
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China Exchanges Services Company Limited (CESC), a joint venture (JV) of Hong Kong Exchanges and Clearing Limited (HKEX), Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) for the development of financial products and related services, announced Peng Zi from SZSE, has joined its Board with effect from today (2 January 2018). Mr Peng replaced…
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CLS, a market infrastructure delivering settlement, processing and data solutions, announced that it has strengthened its product development and sales teams with the appointments of Angus Scott as Head of Product and Lisa Danino-Lewis as Head of Sales EMEA. Following a year in which CLS announced it is developing a broader range of forward-looking solutions,…
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Euronext announced closing of the share swap of its current 2.3% stake in LCH Group for an 11.1% stake in LCH SA and becomes minority shareholder of LCH SA. This follows the announcements of 8 August 2017 and 1 November 2017. On 31 October 2017 Euronext entered into definitive agreements to swap its current 2.3%…
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