TP ICAP plc (LON:TCAP) announced that it has just acquired Coex Partners Limited, an independent agency broker. Coex has offices in London, Paris and New York. It was founded in 2014 and has 55 brokers. The company provides trade and execution services in listed derivatives and OTC foreign exchange to hedge funds, assets managers and…
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Regulatory filings made with US securities authorities indicate that three original senior members of FXCM's management team - Drew Niv, David Sakhai and Eduard Yusupov - have begun to convert their "units" into regular Class A common shares of Global Brokerage Inc (NASDAQ:GLBR). Longtime FXCM CEO Mr. Niv and several other members of senior management were issued non-publicly…
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New Zealand based retail forex broker Fullerton Markets has announced that it has successfully secured three Trademarks with the New Zealand Intellectual Property Office. After receiving the Certificates of Registration signed by the Commissioner of Trademarks Ross van der Schyff, Chairman of Fullerton Markets Gerald Carter commented, We are delighted to receive the final approval…
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Germany financial regulator BaFin has issued a new set of guidelines for brokers offering CFD trading to retail clients in the country. LeapRate readers will recall that BaFin instituted its negative balance protection rule for all CFDs offered to retail traders in Germany effective this past August. However BaFin stated now that it still needed…
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Another news today from LCH, as the company announced that it has extended its RepoClear service in LCH SA, its continental Europe-based entity. The Paris-based clearing house is now offering clearing for cash and repo trades on Belgian government bonds. Belfius Bank and KBC Bank were among the first members to clear the new product…
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LCH Ltd, a global clearing house, announced that it has established deposit and liquidity facilities with Sveriges Riksbank, the central bank of Sweden. LCH is now able to settle its Swedish Krona payments via RIX, the central bank’s Real Time Gross Settlement (RTGS) platform. LCH is also a direct member of RIX. Provides LCH’s UK…
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Aggregation and connectivity solutions provider PrimeXM has announced that it has been collaborating Java runtime solutions specialist Azul Systems and its Azul Zing to further facilitate the low latency nature of PrimeXM’s proprietary order routing service, the XCore. Zing is a unique Java Virtual Machine (JVM) that has been deployed extensively throughout the financial sector industry.…
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Multi-asset electronic trading solutions provider smartTrade has announced the opening of a new office in Milan, Italy, to support the company's continued growth. smartTrade stated that it was seeing strong growth in its FX and Fixed Income market shares and in its number of clients. smartTrade said it has not only witnessed a strong increase…
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Geneva based Retail FX broker Dukascopy just announced that it has added new currency pairs available for trading on LIVE. The following FX instruments are now available for LIVE trading: USD/THB -US Dollar vs Thai Baht USD/ILS - US Dollar vs Israeli Shekel USD/HUF - US Dollar vs Hungarian Forint EUR/HUF - Euro vs Hungarian…
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London Stock Exchange Group plc (LSEG) just announced that, at the Board's request, Xavier Rolet has agreed to step down as CEO with immediate effect. The Board has asked David Warren, CFO, to assume the additional role of Interim CEO until a successor is appointed. David Warren is well qualified, having been CFO of LSEG…
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