Following on our exclusive coverage of the 2016 results (12 months to September 30, 2016) of institutional FX brokerage ACM Group plc, more commonly known in the industry as just Alpha, we have been provided the company's results for the first quarter of fiscal 2017 indicating that Alpha's 2016 restructuring and strategy of focusing on…
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The Mercado Alternativo de Renta Fija (MARF) today registered a new bond tranche issued by Masmovil Broadband with a 5.75% annual coupon and maturity in 2024. The amount of this new issue, which adds to the €30 million placed in July 2016, is €38 million and was placed at a 5.1% yield. Intermoney Valores has…
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The Financial Stability Board (FSB) today published a letter from Mark Carney, Chair of the FSB, sent to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Baden-Baden from 17-18 March. In his letter, the FSB Chair highlights the good progress made in implementing the post-crisis reforms, as a result of which…
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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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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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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced that it will serve as the administrator for SIFMA Asset Management Group's (AMG) Market Agreed Coupon (MAC) swap contract, which was previously administered by SIFMA. MAC swaps are interest rate swap (IRS) contracts with pre-defined, market-agreed terms developed by SIFMA AMG and ISDA in 2013. CME Group…
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Institutional prime of prime broker IS Prime has announced the launch of a range of Index Swap products, focusing on the most popular index and energy instruments required by retail brokers. IS Prime’s new, institutional-only API Index Swap offering includes: Germany 30 Hong Kong 50 Wall Street 30 UK 100 US Tech 100 UK and…
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Hanweck, a provider of real-time risk analytics on global derivatives markets, just announced that Jean-Jacques Louis, Senior Vice President of Corporate Strategy at Nasdaq, has joined its Board of Directors. At Nasdaq, Mr. Louis is responsible for the strategic and financial analyses and execution of all corporate and business unit investments. Nasdaq is a strategic…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of February 2017. In Market Making, KCG averaged $28.0 billion dollar volume traded (a minor decrease compared to January), 10.9 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 217.0 million U.S.…
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