June 14, 2016 BY Mike Fox

Vantage FX implements wide ranging "Brexit" leverage cuts

Vantage FX, a Sydney headquartered Australian Securities and Investments Commission regulated brokerage announced today in light of the possibility of increased volatility in global financial markets due to the upcoming Brexit Referendum, the broker has conducted a review of risk management policies surrounding "Brexit." As a result of this review, Vantage FX has decided to implement a two stage adjustment to…

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June 14, 2016 BY Mike Fox

FXPRIMUS launches new range of oil instruments

CySEC regulated FXPRIMUS today has announced the launch of new tradable instruments: Brent Crude Oil (UKOIL) and WTI (OIL), and Spot Oil, which is non-expiring (USOIL.sp & UKOIL.sp). This move follows the launch of FXPRIMUS’ new three pillar strategy to provide SAFETY through EDUCATION and TECHNOLOGY, whereby the company places greater emphasis on the provision of…

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June 14, 2016 BY LeapRate Staff

M&A Monday at Broadridge: acquires DST Systems’ customer communications and onboarding business

The M&A lawyers at Broadridge must have been very busy this weekend. In its second acquisition announced today, financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that it has agreed to buy the North American Customer Communications (NACC) business of DST Systems, Inc. (NSYE:DST) for $410 million in cash, subject to customary working capital and…

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June 14, 2016 BY LeapRate Staff

Broadridge buys 4sight Financial Software to build its securities financing business

Financial technology provider Broadridge Financial Solutions, Inc. (NYSE:BR) has announced that it has expanded its global securities financing and collateral management capabilities through the acquisition of 4sight Financial Software Limited, a leading provider of securities finance and collateral management systems to financial institutions worldwide. 4sight will be integrated as part of Broadridge Securities Financing and Collateral…

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June 14, 2016 BY LeapRate Staff

Bats and Hotspot FX to launch anonymous order book Outright Deliverable FX Forwards market

Financial exchange operator Bats Global Markets Inc (BATS:BATS) has announced that, alongside its Hotspot FX institutional forex division, it plans to offer global trading of outright deliverable forwards contracts, with a launch planned for fall 2016. Bats plans for the new market to operate as an anonymous order book, utilizing the Hotspot FX matching engine which migrated to…

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June 14, 2016 BY LeapRate Staff

SafeCharge dumps its 5% stake in Germany's FinTech Group AG

Payments services provider SafeCharge International Group Ltd (LON:SCH) SafeCharge has announced that it has sold its minority stake in German based financial services technologies company FinTech Group AG (FRA:FLA). The sale of the stake, which was originally acquired by SafeCharge in June 2015 for a cost approximately €10 million and represented 5% of FinTech's equity, will result in…

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June 14, 2016 BY LeapRate Staff

Abide Financial selected by XTX Markets for FX regulatory reporting

Regulatory reporting specialist Abide Financial has announced that it has been appointed by XTX Markets to manage compliance with multi-asset, multi-regime transaction reporting obligations. Abide Financial will be the managed service reporting partner to XTX Markets for transaction reporting across multiple asset classes to satisfy transaction reporting obligations under EMIR, MIFID/MIFIR, SFTR and other regulatory regimes.…

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