Category: Forex

TradAir SNAP Innovations Singapore FX
July 19, 2017 BY LeapRate Staff

TradAir and SNAP Innovations of Singapore to jointly develop FX solutions for Asian markets

eFX trading technology solutions provider TradAir has announced that it is partnering with Singapore based financial trading technology firm SNAP Innovations to jointly develop innovative FX solutions, initially for Asian market participants. The joint venture between TradAir and Snap Innovations has been made possible through funding provided by the Singapore Israel Industrial R&D Foundation (SIIRD),…

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BCSC warning
July 18, 2017 BY LeapRate Staff

Chinese online FX and CFDs broker Omega Mutual gets warning from Canadian regulator BCSC

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated Chinese online broker Omega Mutual Group, operating from website omegamutualgroup.com. According to the BCSC, Omega Mutual Group claims to be based in…

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acquisition
July 18, 2017 BY Valentina Kirilova

BGC Partners to acquire 100% of Berkeley Point Financial LLC

BGC Partners, Inc. (NASDAQ: BGCP), a global brokerage company servicing the financial and real estate markets, today announced that it has agreed to acquire Berkeley Point Financial LLC. Berkeley Point is a commercial real estate finance company focused on the origination and sale of multifamily and other commercial real estate loans through government-sponsored and government-funded…

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July 18, 2017 BY Valentina Kirilova

Ullink and Enfusion partner to offer allocation and post-trade matching service via NYFIX

ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, and Enfusion, a provider of innovative, cloud-based investment management software solutions, today announced a new solution for users of Enfusion’s Integráta buy-side Order & Execution Management System (OEMS). The new solution utilizes ULLINK’S NYFIX network to automate allocation and post-trade confirmation/affirmation…

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IG Group office
July 18, 2017 BY Valentina Kirilova

IG Group releases annual results 2017, net trading revenue up 8%

UK online trading leader IG Group Holdings plc (LON:IGG) today announced results for the year ended 31 May 2017. Financial Summary Net trading revenue up 8% at £491.1 million (Net trading revenue is trading revenue after deducting introducing partner commissions. All references to ‘revenue’ in the Group Performance and Operating and Financial reviews are made with regards…

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July 18, 2017 BY admin

3 former UK Forex bank traders arraigned in antitrust conspiracy

Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today. A one-count indictment,…

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July 18, 2017 BY Valentina Kirilova

IG Group signs up to the FX Global Code of Conduct

UK online trading leader IG Group Holdings plc (LON:IGG) announced that has signed up to the FX Global Code of Conduct. The Code is a set of global principles of good practice in the foreign exchange market. It was created by the Global Foreign Exchange Committee which is comprised of central banks and private sector…

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July 17, 2017 BY Valentina Kirilova

KCG Holdings releases June volumes, up 4% MoM

KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of June 2017. In Market Making, KCG averaged $28.7 billion dollar volume traded (up 3.6% from May's $27.7 billion), 9.1 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.8 million U.S.…

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