CLS teams up with Trust bank to welcome first Japanese funds to settlement service LeapRate

August 01, 2018 BY Valentina Kirilova

CLS teams up with Trust bank to welcome first Japanese funds to settlement service

CLS, a market infrastructure group delivering settlement, processing and data solutions, has just announced that the first Japanese-domiciled funds have access to CLSSettlement as third-party clients. Asset manager Fidelity International and The Master Trust Bank of Japan, Ltd (MTBJ), a trust bank exclusively engaged in asset management, have the first Japanese-domiciled funds to settle foreign…

August 01, 2018 BY LeapRate Staff

LCG completes going-private deal after receiving FCA approval

London based Retail FX, CFDs and Spreadbetting broker London Capital Group (or LCG) has announced that it has received FCA approval for the transaction which will see the operations of the brokerage transferred to a private company controlled by Charles-Henri Sabet, called SLCG International DMCC. The publicly traded company now retains 8.5% of the issued share…

August 01, 2018 BY Valentina Kirilova

GECKO Governance announces Founder and CEO of Polymath, as New Advisor

GECKO Governance, which recently launched its new ICO compliance solution, GECKO Crypto1, has just announced that Trevor Koverko, Founder and CEO of Polymath, the security token launch pad, has joined its advisory board. I’m very excited to be coming on board as an advisor to GECKO Governance, which has launched the Crypto1 solution for the…

August 01, 2018 BY LeapRate Staff

FCA warns brokers against pushing 'replacement' products to leveraged CFDs

UK financial regulator The FCA has issued a statement targeted to brokers, regarding the selling of high-risk speculative investments to retail clients following ESMA’s action on CFD products. In June 2018, the European Securities and Markets Authority (ESMA) finalised temporary measures to restrict the sale, marketing and distribution of contracts for difference (CFDs) to retail…

Paxos teams up with bitcoin payment service BitPay

August 01, 2018 BY Valentina Kirilova

Al Hilal Bank teams up with Abu Dhabi Global Market to promote Islamic finance

Al Hilal Bank has just announced a new partnership with the Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, aimed at promoting Islamic Finance in Abu Dhabi and across the UAE. The Memorandum of Understanding (MoU) was signed by Alex Coelho, Chief Executive Officer at Al Hilal Bank, and Richard Teng,…

August 01, 2018 BY LeapRate Staff

CFI Dubai launches enhanced liquidity dedicated for Institutional clients

Credit Financier Invest (DIFC) Limited, or CFI Dubai, part of the CFI Financial Group has announced the launching of its new enhanced liquidity dedicated for Institutional Clients, dubbed as CFI’s ULTIMATE LIQUIDITY STREAM. The company stated that CFI’s ULTIMATE LIQUIDITY STREAM is the ultimate top of book pricing layer designed to cater for institutional clients’ needs. Among…

August 01, 2018 BY LeapRate Staff

FastMatch July 2018 FX trading volumes down 10% to $20 billion ADV

Continuing a string of somewhat slow set of trading volumes being reported for the month of July by leading institutional FX platforms, Forex ECN FastMatch has reported that July 2018 FX trading volumes were down 10% from June, with average daily trading volumes coming in at $20.0 billion. However, despite the seasonal slowdown, that is not…

August 01, 2018 BY LeapRate Staff

Cboe FX (Hotspot) July 2018 forex trading volumes cool 12% to $33.2B ADV

The hot summer months seem to have brought a seasonal cooling in FX trading volumes. Leading off our monthly coverage of activity at leading Retail and Institutional FX platforms, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a 12% decline in average daily volumes from…

July 31, 2018 BY LeapRate Staff

Divisa Capital upgrades to a €730K license from the UK’s Financial Conduct Authority

Divisa UK Limited, trading as Divisa Capital and which also operates the Equiti.com retail FX brand in the UK and EU, has announced that it has been issued a full-scope IFPRU €730k license by the UK’s Financial Conduct Authority (FCA). Divisa's original license from the FCA was for a Limited License - matched principal broker. Commenting…

July 31, 2018 BY LeapRate Staff

CFTC sues Forex Broker JAFX for taking US based customers

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed a civil enforcement action in the U.S. District Court for the District of Utah against JAFX Ltd. of Sofia, Bulgaria and Kingstown, St. Vincent and the Grenadines. The CFTC Complaint alleges that, from at least September 2016 and continuing to the present, JAFX operates as a…

Category: Forex