The British developer Or-be announced the integration of their core product CRM Broker Modules with the multi-asset HFT MetaTrader 5 platform. The system broker modules provide abstract functionality with platform integration to allow brokers to control the infrastructure of online acquisitions. Or-be broker modules allow for online account forms to be graded for AML and…
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TORA, provider of advanced cloud-based order and execution management system (OEMS), today announced that it has joined the London Stock Exchange Group’s UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II. When MiFID II comes into force in January 2018, buy-side firms will be required to submit transaction reports directly…
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The Securities and Exchange Commission (SEC) announced that Robert Evans III has been named Deputy Director in the agency’s Division of Corporation Finance. He will join Deputy Director Shelley Parratt as a senior advisor to the division’s director, William H. Hinman. Most recently, Mr. Evans worked at Shearman & Sterling LLP as a partner in…
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Poll of 562 asset managers reveals that two weeks before the regulation enters law, 54% of funds still feel they don’t have enough information on research unbundling, indicating that more education needs to be done. RSRCHXchange, the aggregator and marketplace for institutional research, today released headlines from the results of their latest survey analysing the…
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Copenhagen based multi asset broker Saxo Bank has announced that its FCA regulated arm, Saxo Capital Markets UK Limited, is pulling out of the UK CFD and FX Association, a margin trading industry group. While not giving a specific reason, LeapRate has learned that Saxo is leaving the association in a dispute with the other members…
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LeapRate Exclusive Interview... Virtually (no pun intended) every day we have been seeing some forex broker or another announce something to the effect of "Now you can trade Bitcoin / Ethereum / Dash / Ripple with us". Not exactly news any more, but it certainly highlights the increasing interest both retail brokers and traders have…
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KCG Holdings, Inc. (NYSE: KCG) today announced that it will redeem all of its outstanding 6.875% Senior Secured Notes Due 2020 (ISIN No. US48244BAC46) (the "Notes") on the business day immediately following the effective date of the Agreement and Plan of Merger, by and among Virtu Financial, Inc. (NASDAQ:VIRT), Orchestra Merger Sub, Inc. and the…
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FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has indicated that in accordance with the terms of its Share Buyback Programme announced on 2 June 2017, the Company acquired 11,858 ordinary shares of ILS 0.01 each in the capital of the Company (Shares) on 21 June 2017 at a price of 544.33 pence per…
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The Securities and Exchange Commission (SEC) announced that Kelly L. Gibson has been named the Associate Regional Director for Enforcement in the SEC’s Philadelphia Office. Ms. Gibson succeeds G. Jeffrey Boujoukos, who became Regional Director of the SEC’s Philadelphia office in January. Ms. Gibson joined the SEC as a staff attorney in the Enforcement Division…
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LeapRate has learned that longtime Saxo Bank executive Emmanouil Lemonakis has left the company to join corporate payment systems provider iBanFirst. Mr. Lemonakis had been with Saxo Bank for more than 10 years. Since 2014 he was based in Cyprus and was responsible for Saxo Bank's operations in the Central Europe and MENA regions, focused on private…
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