After the high profile head of its Prime Brokerage unit was fired amid allegations of sexual misconduct, Bank of America has apparently seen a slew of other senior and junior personnel jump ship. Omeed Malik, who had joined BofA from MF Global in 2012 and had risen up the ranks to head the bank's successful Prime…
Read moreLeapRate Exclusive... LeapRate has learned that Markets.com, the Retail FX and CFD brokerage arm of online gaming and financial giant Playtech PLC (LON:PTEC), is planning on launching a new branded service targeting the high end of the retail client spectrum. The new service will be called MarketsX. Looking to break out of its long-term core area…
Read moreFX liquidity and prime brokerage services provider IS Prime has just announced that it has extended its partnership with Gold-i by distributing its multi-asset liquidity via Gold-i’s recently launched Matrix Net. Matrix Net enables Prime of Prime brokers and Liquidity Providers to distribute liquidity to brokers who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products.…
Read moreiBanFirst, a platform specialized in multi-currency transactions for companies, has just announced that it has added the Turkish Lira to its foreign currency offer. iBanFirst customers will now be able to have a dedicated account for their Turkish Lira transactions; allowing them to receive and issue payments directly in the foreign currency as well as allowing…
Read moreANZ Bank New Zealand Ltd today announced it has agreed to sell OnePath Life NZ Limited for NZ$700 million to Cigna Corporation, a specialist insurance business that has been providing insurance protection to New Zealanders for 100 years. The transaction represents a slight premium to embedded value and is expected to generate a gain on…
Read moreCLS, a market infrastructure group delivering settlement, processing and data solutions, has just announced that Banco Monex has joined as a settlement member. Banco Monex joins 69 other leading banks in becoming a settlement member in CLSSettlement, the payment-versus-payment settlement service for the global foreign exchange market – which settles USD5 trillion on an average…
Read moreThe Dubai Gold & Commodities Exchange (DGCX) brokerage house announced that it has launched the MetaTrader 5 platform for its clients. As an active Broker Clearing Member of the DGCX, JRG International has consistently been giving access to the DGCX’s products covering Currencies, Equities, Precious Metals and Hydrocarbons. JRG International Brokerage DMCC has over 30…
Read moreGMEX Group (GMEX), an established provider of services in financial markets, has just announced that it has teamed up with the Digital Asset Group (DAG), a financial service provider. The Joint Venture (JV) will be the first fully-integrated financial group servicing this emerging sector; bringing together the practices of regulated banking, finance and exchanges with…
Read moreFX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…
Read moreOnline payment giant PayPal announced that it has acquired Jetlore, an AI-powered prediction platform for some of the world’s top retailers. Headquartered in San Mateo, California, Jetlore was founded in 2011 by Ph.D. students from Stanford University's computer science program with the goal of applying the power of machine learning to the retail market. Jetlore’s…
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