Andrew Saks-McLeod
LeapRate Analyst
March 30, 2014 BY Andrew Saks-McLeod

CFTC spares Singapore Exchange's clearing division an enforcement - but for how long?

The global drive among national regulators to work together toward standardizing trade clearing methodology continues, as the CFTC defers enforcement action against SGX-DC The US Commodity Futures Trading Commission's Division of Clearing and Risk (DCR) issued a time-limited no-action letter to the Singapore Exchange Derivatives Clearing Limited (SGX-DC) on Friday last week, as Singapore readies…

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March 28, 2014 BY Andrew Saks-McLeod

Russia's Sperbank CIS to automate FX transactions for commercial clients

Corporate demand among Russian companies wishing to do business overseas has led to Sperbank CIS's imminent launch of corporate FX marketplace via open platform Russian financial market participants are portraying an increasing will to provide institutional trading facilities overseas via connectivity of Moscow's executing venues to global liquidity pools, as well as the national government's…

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March 27, 2014 BY Andrew Saks-McLeod

Collaboration eh? CFTC enters into MoU with five Canadian regulatory authorities

US CFTC to collaborate with Canadian provincial regulators in order to enhance supervision of cross-border regulated entities The United States is regarded among the vast majority of electronic trading companies from retail FX brokers to the long-established and steadfast institutional trading desks of Chicago as being the most stringent and well-organised jurisdiction when it comes…

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March 27, 2014 BY Andrew Saks-McLeod

Deltix and CitiFX TradeStream team up for algo research and execution solution

Software company Deltix joins forces with Citi to provide integrated algo-trading solution for research and automated execution of FX Despite the European Parliament's openly adverse view toward algorithmic and high frequency trading (HFT) among institutions across the continent, North America's technology firms and fiscal authorities show no sign of halting their increasing will to refine…

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March 27, 2014 BY Andrew Saks-McLeod

MONEX Group forecasts tenfold increase in annual interim dividend

Japan's retail FX firms enjoyed record volumes last year, with MONEX predicting dividends to reflect stellar performance MONEX Group has today announced its forecast for the payment of dividends for the fiscal year ending March 31, 2014. Bearing in mind the remarkable performance achieved by MONEX along with its contemporaries and compatriots last year, it…

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March 27, 2014 BY Andrew Saks-McLeod

Full of eastern promise: Tradency collaborates with Simplex as Japanese focus continues

Social and copy trading provider Tradency is furthering its commitment to the Japanese market by cooperating with financial IT specialist Simplex Copy trading platform providers continue to make it clear that resting on their laurels is not part of their mantra, especially when in the popularity of such systems in current times has created widespread competition…

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March 26, 2014 BY Andrew Saks-McLeod

CySec issues €12,000 administrative fine to Cyprus division of Dragon Capital

Cypriot division of Kiev-based institutional and retail brokerage firm found to have not maintained correct anti-money laundering procedure Cypriot regulatory authority CySec has today imposed a €12,000 total administrative fine on the Cyprus division of institutional and retail multi-asset brokerage firm Dragon Capital. The company, whose head office is in Kiev, Ukraine, has operations in…

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