Tradition sees Japan FX revenue down 28.6% in First Half 2017 LeapRate

July 25, 2017 BY Valentina Kirilova

Tradition sees Japan FX revenue down 28.6% in First Half 2017

Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has reported first-half consolidated revenue of CHF 411.4m, compared with CHF 425.2m in the same period in 2016, a decrease of 0.6% at constant exchange rates. In current currencies, the reported revenue remains impacted by the weakness of pound sterling following the vote on Brexit, down 3.3% compared…

July 24, 2017 BY LeapRate Staff

Australian FX broker USGFX China office raided, employees held hostage, ASIC monitoring

In a dramatic hostage situation now entering its sixth day, Chinese clients of Australia based retail FX brokerage USGFX continue to hold a number of the company's employees as hostages, barricaded inside USGFX's Shanghai offices. Somewhere between 30 to 50 USGFX clients entered the offices last Wednesday, demanding the return of about $2.6 million in…

July 24, 2017 BY Valentina Kirilova

SIX Swiss Exchange concludes upgrade of its trading platform

SIX Swiss Exchange announced that has successfully completed the upgrade of its X-stream INET trading platform. Thanks to the upgrade, 99.9% of orders submitted will receive a response within 29 microseconds. Active stock exchange trading will therefore become more reliable for participants, especially in markets featuring exceptionally high volatility, as they will have precise information…

MOEX launches trading in sunflower seed futures

July 24, 2017 BY Valentina Kirilova

Moscow Exchange names new head of investor relations

Moscow Exchange (MOEX) just announced that Anton Terentiev has joined as Investor Relations Director. In this position, Anton Terentiev will oversee the Exchange"s IR activity and continue dialogue with the financial and investment community to maintain and expand MOEX"s investor base. Anton Terentiev brings 12 years of investment experience to the role from his career at Russian…

July 24, 2017 BY admin

Calypso acquires stake in clearing and post-trade provider Sernova Financial

Calypso Technology, a provider of capital markets and investment management software, announced today that it has acquired a minority stake in Sernova Financial, a provider of cloud-based clearing and post trade services. Powered by the Calypso Cloud platform, Sernova Financial recreates the shared infrastructure and service items of clearing brokers. By reducing the transaction costs…

July 24, 2017 BY Valentina Kirilova

Saxo Bank reduces spreads for UK clients, adds new functionality to SaxoTraderGO

Saxo Capital Markets UK Limited, the UK subsidiary of Copenhagen based multi asset broker Saxo Bank, announced today that it has reduced the minimum spread for UK clients trading the UK100, the CFD index of the 100 largest UK listed companies by market capitalisation. Saxo offers spreads from as low as 0.8 basis points. The reduction in…

July 24, 2017 BY LeapRate Staff

Forex Sports Sponsorship: UFX.com engages Barca captain Andrés Iniesta as Brand Ambassador

Continuing out coverage of leading Retail FX brokers partnering with top sports personalities, CySEC licensed retail forex broker UFX.com has just announced a new partnership with Spanish football star Andrés Iniesta. The FC Barcelona Captain has joined UFX as its international Brand Ambassador. This marks the second sports celebrity Brand Ambassadorship for UFX, which also…

July 24, 2017 BY LeapRate Staff

Blackwell Global FX broker sister company goes public in New Zealand in reverse takeover

New Zealand based Retail FX brokerage firm Blackwell Global has announced that it has taken public a company called Blackwell Global Holdings Limited on the New Zealand Stock Exchange's NZX Main Board, via a transaction that effectively amounts to a reverse takeover of a publicly traded shell company called NZF Group Limited. The initial market…

July 23, 2017 BY LeapRate Staff

Forex Industry Week Review: Capital.com raises $25M, new FX brand launched, Romania arrests, and lots more…

It was another busy summer week of Forex Industry News, with all the key stories appearing only (or first, before being copied) at LeapRate. How much did Capital.com spend of its $25 million fundraising to buy the capital.com URL? Which new Retail FX brand did a CySEC-regulated broker launch? Why did Romanian police arrest a…

IAM announces financing for JMB Crushing Systems ULC

July 21, 2017 BY Valentina Kirilova

IAM Corp and IAM PDG announce project financing for Shaman Power Corporation

Integrated Asset Management Corp. (TSE:IAM) and its private corporate debt group, IAM Private Debt Group (PDG), announced the closing of a senior loan to Shaman Power Corporation. The capital raised by Shaman Power Corporation will assist in the construction of a one megawatt hydroelectric generation facility located on the Grand River in downtown Elora, Ontario.…

Category: Forex