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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
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…
Read more
This article was written by freelance writer Zak Goldberg. Forex trading is something lots of people like to engage in, and can offer an individual trader some great benefits like allowing them to trade 24 hours a day, and use leverage to open themselves up to big changes in value even with relatively low capital.…
Read more
U.S. bank Morgan Stanley might initially move 300 staff from Britain following its exit from the European Union, and is scouting for office space in Frankfurt and Dublin, Bloomberg News reported earlier on Thursday. The Wall Street firm will eventually choose either Frankfurt or Dublin to base its enlarged European Union hub, according to the Bloomberg…
Read more
Xceptor, a provider of process automation and data management services for post-trade operations, just announced that it has signed an agreement with AcadiaSoft to jointly create a new service, called Relay, which will allow high volumes of margin calls currently transacted by email to be automated through the MarginSphere platform. AcadiaSoft MarginSphere is an electronic…
Read more