CFH Clearing, TradeTech Group’s Liquidity Provider and Prime of Prime brokerage, and the UAE-based regulated financial institution Noor Capital have announced that their new strategic partnership is called Noor Clearing and is now open for business. LeapRate reminds that CFH Clearing teamed up with Noor Capital two months ago, announcing that it will focus exclusively on…
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Specialized payments platform Paysafe announced las week that its collaboration with Google Play Store has expanded into 6 more countries. The eCash solution paysafecard will be available as payment option from Google Play in Switzerland, Italy, Portugal, the Netherlands and Belgium. The partnership originally launched the paysafecard in Poland. The payment option was later accepted…
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HSBC announced on Thursday that Kaber Mclean was appointed as Chief Executive Officer of the bank’s Australian office. The lender aims to expands in the region as Hong Kong operations are under pressure of anti-government riots. Mclean has been with HSBC since 1996. For more than two decades of service at the bank, he has…
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FCA announced today that HM Treasury appointed Christopher Woolard as Interim Chief Executive. Woolard is currently Executive Director of Strategy and Competition of FCA and an Executive member of the Board. His predecessor Andrew Bailey left the position to become Governor of the Bank of England. FCA Chairman Charles Randell, said: I’m looking forward to…
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Michael Spencer, city tycoon and founder of market operator ICAP, now NEX Group, has decided to make a substantial contribution to a new UK fintech fund. Spencer plans to invest at least £25 million in the UK fund Element Ventures, through his private holding company IPGL. This is one of the largest investments made by…
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Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) have announced earlier this week that they have decided to expand their cooperation. Both sides have signed an enhanced Memorandum of Understanding (MoU) on Bilateral Cooperation at the 3rd AMBD-MAS Bilateral Roundtable. The enhanced MoU builds on the longstanding cooperation between both countries…
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LiquidityBook reported yesterday record growth for sales and clients in 2019. LiquidityBook is a New York based fintech firm that provides Software-as-a-Service (SaaS) for buy- and sell-side trading solutions. The company attributes its record gains and accomplishments to the increasing interest of investment managers in its portfolio, order and execution management systems (POEMS) platform. The…
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Clearstream and UBS to embark on a long term partnership in investment fund services, Deutsche Börse Group announced yesterday. Clearstream is to acquire 51 per cent of Zurich-based fund distribution platform Fondcenter AG for CHF 389 million. UBS will keep the remaining 41 per cent of the shares according to a joint agreement between the…
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CLS Group, the market infrastructure provider of risk mitigation services to the global FX market, has just published its operating metrics for the month of December 2019. The average daily traded volume submitted to CLS was USD1.60 trillion, down 0.5% from USD1.61 trillion in November 2019. Average daily traded volume submitted to CLS by product…
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TriOptima, the multilateral compression provider that lowers costs and mitigates risk in OTC markets, has announced that counterparties using the triReduce CLS FX compression service have eliminated $9.1 trillion of gross notional value from their FX forward portfolios in 2019. This new record equates to an annual increase of 71%. LeapRate reminds that the company…
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