Hotspot, a CBOE Holdings, Inc. (NASDAQ:CBOE) company and a platform for institutional foreign exchange (FX) trading globally, has announced it has aligned its activities across its global business with the principles of the FX Global Code (“the Code”), issuing a Statement of Commitment today. Following a comprehensive internal review, Hotspot’s business practices, procedures, compliance…
Read more
NEX Markets, a NEX Group (LON:NXG) business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announced today that it has launched NEX Quant Analytics, a FX market comprehensive community-based analytics tool for clients trading on the EBS platform. Individual banks and trading houses may use similar analytics internally,…
Read more
Consolidation continues in the Retail Forex market, with the latest contestants in the merger game being FCA regulated Tickmill acquiring CySEC licensed Vipro Markets. The acquisition was effected by Tickmill injecting $2.2 million of new capital into Cyprus-based Vipro Markets Ltd, in return for a majority stake in the company. We understand that operating conditions…
Read more
CFD broker Plus500 Ltd (LON:PLUS) issued its customary end-of-quarter Trading Update today, indicating that both Revenues and Profits are on track to be ahead of expectations. Plus500 did not give any specific numbers or targets. Plus500 reported a "monster" quarter in Q2, as the company has grown to become the #2 UK CFD broker behind only…
Read more
LeapRate Exclusive... The new, stricter rules governing FX and CFD brokers issued by Cyprus financial regulator CySEC late last year do not seem to be deterring a new generation of brokers from setting up shop in the island nation. LeapRate has learned that CySEC has issued a new CIF license to a Lebanon based investor…
Read more
LeapRate Exclusive... LeapRate has learned that Plus500 BG EOOD, the Bulgarian subsidiary of global CFD broker Plus500 Ltd (LON:PLUS), has been denied by the country's financial regulator Financial Services Commission (FSC) in its application to receive a financial services license in Bulgaria. The regulator did not state a reason for its decision. Plus500 has more…
Read more
The Board of global information solutions company Equifax Inc. (NYSE: EFX) today announced that Richard Smith will retire as Chairman of the Board and Chief Executive Officer, effective September 26, 2017. The Board appointed current Board member, Mark Feidler, to serve as Non-Executive Chairman. Paulino do Rego Barros, Jr., who most recently served as President,…
Read more
Thomson Reuters (NYSE:TRI) announced that has enhanced its news processing capabilities with the addition of NEWSFUL, an app that gives the buy and sell side new intelligence on what business events are driving share price change. Newsful is available via App Studio on Eikon, Thomson Reuters flagship desktop product. Sigma News Ventures have spent more than…
Read more
Bats Europe, a CBOE Holdings (NASDAQ:CBOE), Inc. company and the region’s largest equities exchange operator, today reported that more than €10 billion has executed on Bats LIS, its block trading platform powered by BIDS technology, since its launch less than 10 months ago. Bats LIS is also on track for another record month of volume…
Read more
ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, has partnered with a leading European bank to develop a new solution for client quote management. The new solution, called UL QUOTE, is available to Brokers acting as a Systematic Internaliser (SI), enabling them to comply with MiFID II regulations concerning…
Read more