LeapRate Exclusive... LeapRate has learned that the FCA regulated arm of China based online brokerage group Formax Group is getting set to make a large marketing push in the UK and Europe. To that end, the company's UK subsidiary Formax Prime Capital (UK) Limited has incurred a 2017 fiscal year (ended March 31) loss of £707,834, on…
Read more
Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) today announced its financial results for the fiscal year 2017 third quarter ended June 30, 2017. The highlights include: Operating Revenues up 13%, to $197.6 million Net Income of $12.7 million EPS of $0.66 Sean M. O'Connor, CEO of INTL FCStone Inc., stated: Despite continued depressed volatility…
Read more
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 (same as in previous month of June), 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…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings that the total amount paid by Forex.com parent company Gain Capital Holdings Inc (NYSE:GCAP) for the US clients of FXCM was $6.96 million. Back in February, the FXCM operating unit of Global Brokerage Inc (NASDAQ:GLBR) was forced into a quick fire-sale of its US operations, after the…
Read more
Breaking Forex News... Cyprus based retail FX broker IronFX has announced that the company has arranged a $100 million investment from a major family office investment outfit. We understand that the family office is out of the Middle East, and that the investment will be made by the family office's regulated fund based in Singapore.…
Read more
Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced its results for the first half of 2017, indicating record figures on both the top and bottom line. Revenues at Swissquote came in at a record CHF 90.5 million (USD $93 million) in the first six months of 2017, up 17% from first…
Read more
Fiserv, Inc. (NASDAQ: FISV) just announced that it is equipping financial institutions to better understand customers and identify marketing opportunities within their customer base through a new marketing analytics solution that is already being implemented by banks and credit unions. Integrator Advance™ offers multiple tools, including research-based segmentation, cross-sell intelligence, campaign management, and reporting, in…
Read more
AcadiaSoft Inc., the provider of margin automation solutions for counterparties engaged in collateral management worldwide, announced the launch of AcadiaSoft Expert Services, a suite of consultative offerings designed to support firms as they comply with new regulations. AcadiaSoft’s ISDA SIMMTM Approval Guidance, a service providing firms a streamlined, expert-driven process to help obtain permission from…
Read more
Endo International plc (NASDAQ: ENDP) today reported second-quarter 2017 financial results, including: Revenues of $876 million, a 5 percent decrease compared to second-quarter 2016 revenues of $921 million. Reported net loss from continuing operations of $696 million compared to second-quarter 2016 reported net income from continuing operations of $390 million. Reported diluted loss per share…
Read more
Liquidity in the fixed income market has been declining over the past decade, but new matchmaking technologies can increase efficiency, deal flow and lower costs for all participants in primary bond markets. The following post is courtesy of Overbond, the end-to-end platform for bond origination, set to publish a whitepaper on the transformation of the…
Read more