Is owning a Forex brokerage beyond your reach? Perhaps not. Adinah Brown, content manager at Leverate, explains. Are you a trader looking to trade up from your existing career? Are you a business person who recognises a strong potential business? Well, it might be surprising to know that you too can be the proud and…
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Africa Finance Corporation (AFC) has carried out a 150 million US dollar Islamic financing transaction on the Murabaha platform of Nasdaq Dubai, the international financial exchange serving the Middle East and Africa. The transaction was executed to facilitate the issuance by AFC of a 150 million US dollar Sukuk, which was the first US dollar…
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Traiana, a NEX Group (LON:NXG) business which monitors pre-trade risk and automates post-trade processing of financial transactions, announces today that it has launched Swaps Centre, a suite of services which enable swaps providers to electronically manage payments and confirmations in equity swaps. By sending confirmations and uploading payment instructions in normalized formats to their entire…
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London Stock Exchange Group Plc (LSEG) said its $13 billion tie-up with Deutsche Boerse AG is unlikely to proceed after a new regulatory hurdle signaled a potential end to the companies’ efforts to create a champion European exchange, according to Bloomberg. European Union officials had requested that LSE divest MTS, an electronic trading platform for…
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It was a week about change in Forex Industry News. And as usual, you read about it first or exclusively at LeapRate. The drama at FXCM Inc (NASDAQ:FXCM) cost CEO Drew Niv his job. Longtime Oanda UK CEO Daniel Skowronski left. Investing.com shut its auto trading service for Forex brokers, SignalTrader.com. In more positive news, LeapRate…
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Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum, Reuters reported. World stocks have hit record highs, emerging markets have come back in favor and the dollar has climbed to a 14-year peak in recent weeks…
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BNP Paribas Investment Partners announced the appointment of Guillermo Felices as Senior Market Strategist within its Multi Asset Solutions team. He will be based in London and will report to Colin Graham, CIO for Multi Asset Solutions and Head of Active Asset Allocation. In this newly-created role, Felices will be responsible for generating emerging market…
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The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) on Thursday issued guidance explaining how supervisors should examine for compliance with the swap margin rule, which established margin requirements for swaps not cleared through a clearinghouse. The guidance explains that the Board and the OCC expect swap entities covered by…
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The Securities and Exchange Commission (SEC) published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with often limited human interaction. Because of the unique issues raised by robo-advisers, the Commission’s Division of…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK, and in discussion with industry insiders, that Daniel Skowronski has resigned as CEO of the UK subsidiary of retail forex broker Oanda, Oanda Europe Limited. Mr. Skowronski had been CEO of FCA-regulated Oanda UK for the past three years, joining Oanda after serving in…
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