LCH, the global clearing house, has just announced that Kate Birchall has been appointed Head of Asia Pacific, LCH Ltd, effective 15 October 2018. Based in Sydney, Birchall will report to Martin Pluves, CEO, LCH Ltd. Kate Birchall will be responsible for LCH’s business in Asia Pacific, including the CCP’s existing OTC derivatives clearing operations…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. The Trump government of the United States announced last week that it has imposed an additional 10% tariff on Chinese imports worth US$200 billion. The renminbi is bearish. The negative news has caused the US dollar to see 6.86 against the…
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If you weren't on LeapRate this week, then you missed (or heard late about) all the key Forex Industry News stories including: What are EU Forex brokers doing to circumvent the ESMA leverage cap? What measures are Chinese authorities taking to crack down on illegal FX brokerage activity? (And, what exactly does it consider "illegal"?)…
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TPG Capital (TPG), a global private equity and alternative asset firm, has selected PFA Solutions' FirmView® to support their GP accounting and reporting needs. PFA Solutions, a provider of alternative investment technology and services, has announced today that TPG, the global private equity platform and alternative asset firm, has selected the FirmView platform to support…
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PPDAI Group Inc. (Paipaidai) (NYSE:PPDF), the online consumer finance marketplace in China, has just announced the resignation of Mr. Zehui Liu from the board of directors of the Company (the "Board"), effective September 21, 2018, due to his own personal reasons. Upon the effectiveness of Mr. Liu's resignation, the Board will consist of eight directors,…
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LeapRate Exclusive... After tripling its Revenue in 2016, LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK had a more reserved year in 2017, with Revenue, Profit and Client Deposit activity basically mirroring that of the previous year. ThinkMarkets UK revenue for 2017 came in at £3.79 million (USD $5 million), versus £3.82…
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Peabody (NYSE:BTU) has just announced that it has signed a definitive agreement to purchase the Shoal Creek metallurgical coal mine from private coal producer Drummond Company, Inc. for $400 million. Shoal Creek is located on the Black Warrior River in Central Alabama and serves Asian and European steel mills with high-vol A coking coal. The…
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LeapRate Exclusive... Further to our exclusive report back in March that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license, LeapRate has learned that Direct Trading Technologies UK Ltd has been approved by the UK financial conduct authority (FRN: 79589) and plans…
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Retail FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP), parent company of FOREX.com, has announced that Mark Richards, a member of the Board of Directors was resigning from the Board, effective immediately. Mark Richards, CEO of IPGL Limited, was appointed to the GAIN Capital Board less than a year ago, as the IPGL representative on the…
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Opting for managed services for non revenue-generating activities and implementing scalable cloud computing power will be key differentiators in terms of financial services firms’ ability to compete in the digital age, according to a white paper published today by Celent, a global research, advisory, and consulting firm, and Torstone Technology, a provider of post-trade securities…
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