Category: Institutional

James Tolve leaves FlexTrade after 13 years in the company
March 29, 2017 BY Valentina Kirilova

EBS BrokerTec announces new internal structure for EBS

EBS BrokerTec, a NEX Group (LON:NXG) business which provides electronic trading technology and services, announced a new internal structure for its electronic foreign exchange (FX) business, EBS, to allow it to better serve its customers. The new structure which is effective immediately, presents EBS as a service-driven business focused on what customers need, rather than…

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March 29, 2017 BY Valentina Kirilova

FlexTrade hires HP executive Vishal Pandya as COO

Multi-asset execution and order management systems company FlexTrade Systems today announced the appointment of Vishal Pandya as Chief Operating Officer (COO). In this newly created position, Pandya will serve as a member of FlexTrade’s executive leadership team and have overall responsibility for the performance and development of the company. In this capacity Pandya will report…

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March 29, 2017 BY Valentina Kirilova

European Commission blocks proposed merger between Deutsche Börse and London Stock Exchange Group

The European Commission has prohibited the proposed merger between Deutsche Börse AG and London Stock Exchange Group under the EU Merger Regulation. The Commission's investigation concluded the merger would have created a de facto monopoly in the markets for clearing fixed income instruments. The proposed merger would have combined the activities of the two largest…

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March 29, 2017 BY Valentina Kirilova

Bill Gross and PIMCO reach a roughly $81 million settlement

Bill Gross has reached a $81 million settlement of his lawsuit against Pacific Investment Management Co (Pimco), ending a long two and a half year drama over the well-known bond investor's abrupt departure from the investment management giant, Reuters reported earlier today. Gross and Pimco said in a joint statement the settlement was "amicable," and…

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March 28, 2017 BY Valentina Kirilova

LCH SA to offer repo clearing on German debt

The global clearing house LCH announced that has extended its RepoClear service to offer clearing for cash and repo trades on German government securities via LCH SA, its continental Europe-based entity. This complements the existing service at LCH SA which already clears trades on Italian, French and Spanish government securities and will provide greater choice for members…

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March 28, 2017 BY LeapRate Staff

True Trade Markets COO Ashraf Agha resigns ahead of planned forex broker launch

LeapRate Exclusive... LeapRate has learned that True Trade Markets co-founder and COO Ashraf Agha has resigned, prior to the company's planned launch later this Spring. As was reported exclusively by LeapRate last November, FCA-regulated True Trade Markets (formally True Trade Ltd) was created by controlling shareholder and New York based entrepreneur Michael Frey, whose company designs…

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March 28, 2017 BY LeapRate Staff

Prime-of-Prime FX brokerage Stater Global Markets announces technology partnerships, adds CFDs

London-based FX Prime of Prime institutional brokerage Stater Global Markets has announced its core technology partners, as well as the introduction of CFDs in indices and commodities. LeapRate exclusively reported about the launch of Stater Global Markets in an interview with CEO Ramy Soliman last October. Soliman was most recently VP EMEA Sales at Integral Development…

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