The global clearing house LCH today announced that it has launched deliverable FX options clearing. Barclays, Citi and J.P. Morgan are among the first participants to use the service, with further banks expected to shortly start clearing the product. The move incorporates the first physical FX settlement service for cleared FX products, which LCH has…
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CLS, a market infrastructure group delivering settlement, processing and data solutions, has today announced the launch of CLSClearedFX ─ the first payment-versus-payment (PvP) settlement service specifically designed for over the counter (OTC) cleared FX derivatives. The service will enable central counterparties (CCPs) and their clearing members to safely and effectively mitigate settlement risk when settling…
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LeapRate Exclusive Interview... As competition in the Retail FX space becomes more fierce, as clients start to trade more cryptocurrencies, and as regulators place more limitations on the sector, dealing properly with issues such as risk management and liquidity can often make the difference between success and failure (or even survival) for brokers. So it…
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AxiomSL, the provider of regulatory reporting and risk management solutions, announced today that it has widened its United Kingdom liquidity risk calculation and reporting suite with the launch of its PRA110 solution. The solution provides treasury teams a powerful tool that automates the calculation of maturity mismatch and ensures that the final PRA110 template that…
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Information giant Thomson Reuters (NYSE:TRI) has just announced the expansion of its strategic partnership with SAP (NYSE:SAP) to simplify converting cross-border transaction prices into a single currency, no matter where or when the transaction happens. The new SAP Cloud Platform-based solution, called SAP Market Rates Management, offers out–of-the-box connectivity to comprehensive pricing and reference data…
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London based electronic trading firm and exchange operator NEX Group PLC (LON: NXG) has issued a Trading Update for its first fiscal quarter of 2019, the three month period ended June 30, 2018 (NEX has a March 31 fiscal year end). Ahead of the company's £3.9 billion acquisition by US rival CME Group, expected to…
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After posting 60% revenue growth last year, UK-based foreign exchange service provider Alpha FX Group plc (AIM:AFX) has issued a strong Trading Update for the six month period ended June 30, 2018. The company stated that it is pleased to report that revenue for the period is expected to be approximately £9.6 million (USD $12.7 million), representing…
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Next Level Consulting has announced the appointment of Kirsten Roy-Reid as its Senior Partner and Head of Compliance. A former JP Morgan Senior Vice President for compliance who worked extensively in London, New York, Hong Kong and New Zealand for over 13 years, Roy-Reid joined a global advisory firm specialises in distributed ledger technology (DLT)…
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Plato Partnership Limited, a not-for-profit company bringing solutions and efficiencies to today’s equity marketplace, announced the appointment of Mike Bellaro as its new CEO following a comprehensive search process. Mike Bellaro will commence his new duties with immediate effect. The appointment of a Plato CEO enables Plato Partnership to move to a dedicated leadership model…
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LeapRate has learned that Cyprus based, CySEC licensed Retail FX broker and social trading platform Naga Markets (formerly SwipeStox) has hired experienced FX industry marketing executive Dominic Poynter as the company's new Head of Marketing & Affiliates. Naga also operates an offshore brokerage under the same brand, Naga Capital Ltd, based in St. Vincent & the…
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