Japan's Toshiba Corp (TYO:6502) will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported today. Hitachi Ltd (OTCMKTS:HTHIY) and other Japanese firms are seen as possible bidders for the unit, Kyodo added. Toshiba had already hired UBS to explore a sale or an initial public offering…
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The outcome of the French Election is now down to a head to head. The latest prices in IG’s trading market on the election give the implied probability for the two candidates chances of victory as follows: Macron – 89% Le Pen – 11% We would remind LeapRate readers that although these “polls” are based…
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CFD broker Plus500 Ltd (LON:PLUS) has announced that it has reached a settlement with Belgium financial regulator FSMA, in which it will pay the regulator €550,000. The settlement came after several months of discussions between Plus500 and the FSMA. Belgium authorities claimed that Plus500 had contravened its ban on offering leveraged trading products in the…
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eFX trading technology solutions provider TradAir has announced that it is now using AWS’s London Region to reduce round-trip latency and improve its execution performance. AWS, or Amazon Web Services, is a leading global hosting provider owned by Amazon.com, Inc. (NASDAQ:AMZN). TradAir’s fully managed low-latency trading technology solutions hosted in Equinix LD4 are now also hosted…
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Forex and commodities broker, HotForex just announced the collaboration with the German football legend Michael Ballack. The company celebrated the collaboration with a special event at its offices. The event was followed by the release of a 7-minute video presenting The 13 Golden Rules on How to Be the Michael Ballack of Trading. Commenting on the…
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Redline Trading Solutions, the provider of high-performance market data and order execution systems for automated trading, today announced Patrick Lau as Director of EMEA Sales, operating out of Redline’s office in the City of London. Patrick’s success at Redline in building collaborative relationships with leaders of global banks provides a strong foundation for his promotion…
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AxiomSL, the global provider of regulatory reporting and risk management solutions announced today that Trafigura PTE Ltd, a commodity trading firm, will begin using AxiomSL’s platform for its global trade and transaction reporting. Trafigura PTE Ltd will roll-out AxiomSL’s solution across a multitude of trade and transaction reporting regimes, including Dodd-Frank, MAS, REMIT and EMIR…
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Plato Partnership Limited, a not-for-profit company bringing solutions and efficiencies to today’s equity marketplace, announced its intention to enter into a cooperation agreement with LiquidMetrix, an execution specialist and an operating division of Strategic Insight (SI). Under this new partnership, the two companies will research, design and implement a stronger methodology for assessing block trade…
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Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains, Reuters reported earlier today. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 added 26 cents, or 0.5%,…
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The following is based on research from Peter Rosenstreich, Head of Market Strategy at Swissquote Group Holding SA (SWX:SQN). If the current French Presidential exit polls are correct, then they are showing a very market-friendly result. The failure of Marine Le Pen or Jean-Luc Melenchon to surge on voting day should be viewed as a vote for…
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