LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that FCA regulated institutional FX brokerage ACM Group plc, which operates under the brand name Alpha Capital Markets, has posted a loss of £2.1 million (USD $2.6 million) in fiscal 2016. Alpha has a September 30 fiscal year end. The news was not all…
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FTSE Russell, the global index and data provider, announced that Sean Smith has joined the firm as Managing Director of Derivatives Licenses, to lead the company’s efforts to further expand its options and futures business. Dozens of FTSE Russell indexes are used as the underlying benchmarks for options, futures and OTC cleared derivative products. Indexes…
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Cyprus financial regulator CySEC has issued an information circular, providing what it calls "additional guidance" to CIF licensed brokers on the types of bonus incentives which are no longer permissible to be offered to retail clients. In its original announcement on November 30 regarding new rules governing bonuses and trading leverage (which was exclusively revealed by LeapRate…
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PT Monex Investindo Futures, the largest forex and futures broker in Indonesia, has announced that it is introducing eFXplus via API to its high-net worth clients. eFXplus, an innovative FinTech strategy platform, live simulates institutional-derived FX data from a selection of models and recommends portfolios, quant models, forecasts, and insights briefs. According to PT Monex…
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IBM (NYSE: IBM) today announced Singapore fintech start-up, INVICTUS, is collaborating with them to leverage IBM Cloud and Blockchain technologies for their Order, Logistic & Payment (OLP) platform. The platform aims to help businesses reduce wastage, redundancy and cash-flow issues in their transaction processes by disrupting the supply chain management cycle with blockchain smart contract…
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Baymarkets Technology AB, a Nordic provider of FinTech and RegTech solutions to the global financial services industry, announced today the appointment of Per Andersson as Head of Sales and Business Development. His arrival brings 20 years of experience of building and managing businesses in the FinTech sector and he joins Baymarkets’ management team with immediate…
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While the rest of the equity market was soaring in the wake of the Fed's Wednesday rate hike, shares of Global Brokerage Inc (NASDAQ:GLBR) - recently renamed from FXCM Inc - dropped another 15% to close at $1.75 per share, its lowest closing price ever. Global Brokerage Inc owns 50.1% of the operating company FXCM Group…
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The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 15 March 2017, the Committee voted by a majority of 8-1 to maintain Bank Rate at 0.25%. The Committee voted unanimously to…
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Munich based Devexperts GmbH, developers of professional retail and institutional trading platforms today announced the launch together with Gedik Yatirim (IST:GEDIK) of a brand new Trading Platform created specifically for Turkish Market. The platform includes client native applications for Android and iOS along with WEB integrated via common gateway, that allows to see synchronous data…
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IKC Capital just announced that has launched a new online brokerage service on the 1st of March named IKC Access where customers can aggregate their savings online. Using Bricknode Broker IKC can offer investing directly with the fund companies and through the integrated services that exists in Bricknode Marketplace. For Bricknode this setup means that the…
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