LCH and Euronext to sign binding terms for continued provision of derivatives clearing services LeapRate

August 08, 2017 BY Valentina Kirilova

LCH and Euronext to sign binding terms for continued provision of derivatives clearing services

LCH, the global clearing house, just announced that it has signed binding terms with Euronext N.V. for the continued provision of clearing services for listed financial and commodity derivatives with LCH SA, the Group’s continental European operating subsidiary. The agreement is expected to be finalised in Q4 2017. New 10-year long-term derivatives clearing agreement for…

August 08, 2017 BY Valentina Kirilova

Paysafe reports 11% increase in Revenue in 1H 2017

Payments services company Paysafe Group Plc (LON:PAYS) announced its unaudited interim results for the six months ended 30 June 2017. Financial highlights $m H1 2017 H1 2016 Revenue 538.7 486.7 Year-on-year revenue growth 11% 118% Organic constant currency year‐on‐year revenue growth 12% 20% Adjusted EBITDA 169.2 144.2 Adjusted EBITDA margin 31.4% 29.6% Statutory operating profit…

August 07, 2017 BY LeapRate Staff

Saxo Bank FX trading volumes up 3% in July to $249 billion

In a month in which most retail and institutional eFX providers have reported slight to mild decreases in FX trading volumes, Copenhagen based Saxo Bank has disclosed a nice 3% increase in July FX volumes, to $249 billion, up from $242 billion in June. While forex trading was strong at Saxo Bank, the multi-asset broker…

August 07, 2017 BY Valentina Kirilova

FX platform provider Leverate hires Yasha Polyakov as CEO

Leverate just announced that it has hired Yasha Polyakov as its new CEO, replacing the recently departed Kobi Gur. For the past year and a half, Mr. Polyakov ran Rynat Trading Ltd., a CySEC-regulated company which runs the XHorns.com retail forex brand. XHorns runs on Leverate's SIRIX platform. Before running XHorns, Mr. Polyakov - an accountant…

August 07, 2017 BY Valentina Kirilova

Plus500 sees record Q2 revenues above $100 million on new customer growth

CFD broker Plus500 Ltd (LON:PLUS) released its interim financial results for the First Half of 2017 this morning, indicating some quite amazing accomplishments. Quarterly revenues topped $100 million for the first time ever at Plus500, coming in at a whopping $110.9 million - 21% better than Plus500's previous best-ever quarter (Q4-16). And the top-line results…

August 07, 2017 BY admin

US forex broker client assets for June slip 0.5% MoM to $531 million

US retail forex broker client assets showed a slight MoM slippage according to data filed with the CFTC as of June 30th. The report revealed a 0.54% contraction in assets held by Retail Foreign Exchange Dealers (RFEDs) from May's $533,886,026 to $530,993,835 for June 2017. This is a very slight drop as most of the…

August 07, 2017 BY Valentina Kirilova

NEX Optimisation expands Harmony messaging network for MIFID II

NEX Optimisation, which helps clients reduce complexity and optimise resources across the transaction lifecycle, announced today that it has enhanced its existing messaging services to help clients prepare for the 3 January 2018 MiFID II go-live. NEX Optimisation has extended Traiana’s Harmony messaging network to enable participants to exchange additional information to assist with meeting…

August 07, 2017 BY admin

NordFX introducing two-level forex affiliate program

NordFX, the global forex brokerage today is informing partners that their two-level affiliate program will start to operate from tomorrow, 8 August. It's designed to help partners of the company significantly increase their profits. The two-level system is pretty simple but powerful. For partners, until now they used to receive a commission only from the…

August 07, 2017 BY Valentina Kirilova

ASIC extends partnership with Nuix for digital investigation and analytics software

The Australian Securities and Investments Commission (ASIC) announced that has extended its partnership with Australian software company Nuix following a competitive tender process. The new contract forms part of ASIC's expanding analytics and e-discovery platforms. ASIC is investing around $60 million on data analytics, IT systems as well as its surveillance and enforcement capabilities to…

August 07, 2017 BY LeapRate Staff

Hong Kong FX broker KVB Kunlun doubles its Revenues in Q2-2017

It looks like the Q2 results profit warning issued by Hong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) was something of a head-fake. While required by Hong Kong Exchange rules since overall, the company's first half 2017 results were significantly down from first half 2016, KVB actually had a much-improved second…

Category: Forex