Oil prices accelerated today after U.S. data showed a surprise decline in inventories, suggesting that a global glut may be ending after moves by OPEC to cut production. Benchmark Brent crude oil LCOc1 was up 70 cents a barrel at $56.54 by 1025 GMT, recovering from a drop of 82 cents on Wednesday. U.S. light crude…
Read more
Information giant Thomson Reuters Corp (NYSE:TRI) has made key enhancements to its data analytics platform, Thomson Reuters Velocity Analytics, to provide ultra-high-speed processing of real-time, streaming and historical data that will help EU and non-EU financial markets participants meet their MiFID II obligations. The enhanced platform, now powered by Kx’s technology, enables a broad range…
Read more
Euclid Opportunities, NEX Group (LON:NXG)’s financial technology investment business, announced today that it has made a strategic investment in RSRCHXchange, a cloud-based marketplace and MiFID II workflow solution for accessing institutional research. Terms of the investment are not disclosed. RSRCHXchange launched RSRCHX, its marketplace and MiFID II workflow solution for institutional research in 2014, in…
Read more
Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) has announced its results for 2016, which showed significant improvement across the board in Revenues (up 12% over 2015), EBITDA (up 20%) and Net Profit (up a tidy 42%). The second half of 2016 also saw a nice turnaround, or at least a stabilization, at…
Read more
Seabury Global Markets LLC (SGM), a subsidiary of Seabury Capital LLC and a provider of FX liquidity management and trade execution solutions, announced today that it has initiated a new collaboration between SGM, Spotex, and SBI FX Co., Limited, a wholly-owned subsidiary of Japan's leading online securities firm SBI Holdings. SGM has been selected by…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings that BlackRock, Inc. (NYSE:BLK) has upped its position in UK online broker IG Group Holdings plc (LON:IGG) to over 9%. New York based BlackRock is the world's largest asset manager, with more than $5 trillion in assets under management. IG Group is the UK's largest online broker,…
Read more
ASIC regulated Vantage FX this week announced a substantial upgrade of its live trading server locations, relocating the Sydney server to New York. The move was made to improve stability and execution speed for clients that the new Equinix, Inc. (NASDAQ:EQIX) hosted London/New York server combination will bring. An increasing demand from clients needing faster, institutional price…
Read more
UK peers were given fresh warnings not to try to change the Brexit Bill after it cleared its first hurdle in the House of Lords. Brexit minister Lord Bridges mentioned voters had backed a "brutally simple" question in the referendum as he cautioned fellow peers against attempting to amend the legislation during what are expected…
Read more
The Wall Street Blockchain Alliance (WSBA), a non-profit trade association, just announced that Blockchain Intelligence Group (BIG) has joined the organization as its newest corporate member. BIG’s proprietary Blockbits, BitRank and Qlue products provide real-time search, data analytics and risk assessment for blockchain-based data and assets, such as bitcoin and other cryptocurrency transactions, providing essential…
Read more
Tullett Prebon Information (TPI), a provider of independent real-time price information from the global OTC financial and commodity markets, has signed a partnership agreement with Murex, the provider of trading, risk, and processing solutions. The deal allows Murex to use TPI’s data for internal model validation, while TPI gains exposure to a wider range of…
Read more