Bill Gross has reached a $81 million settlement of his lawsuit against Pacific Investment Management Co (Pimco), ending a long two and a half year drama over the well-known bond investor's abrupt departure from the investment management giant, Reuters reported earlier today. Gross and Pimco said in a joint statement the settlement was "amicable," and…
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BCS Global Markets, the Russian investment bank and largest securities broker on the Moscow exchange, has just announced the appointment of Bradley Duke and Tim Bevan as co-CEO’s of its UK entity, BCS Prime Brokerage Ltd (BCS UK). BCS Global Markets recently adopted a matrix management structure to promote greater oversight and synergies across geographies…
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The global clearing house LCH announced that has extended its RepoClear service to offer clearing for cash and repo trades on German government securities via LCH SA, its continental Europe-based entity. This complements the existing service at LCH SA which already clears trades on Italian, French and Spanish government securities and will provide greater choice for members…
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CySEC brokerage firm Orbex today announced the elimination of commissions from all their account types. These updates will officially launch on March 28th 2017 to forex traders worldwide. Orbex will still offer their traders competitive fixed and variable spreads but now without the cost of commissions, allowing more transparency in calculating trading costs. This is the…
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LeapRate Exclusive... LeapRate has learned that FCA regulated multi asset prime broker Divisa Capital has begun making a round of senior level management hires, following its recently announced $100 million capital raise which we discussed with Divisa Capital CEO Mushegh Tovmasyan at the time the very handsome financing was revealed back in January. First to join is…
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LeapRate Exclusive... LeapRate has learned that True Trade Markets co-founder and COO Ashraf Agha has resigned, prior to the company's planned launch later this Spring. As was reported exclusively by LeapRate last November, FCA-regulated True Trade Markets (formally True Trade Ltd) was created by controlling shareholder and New York based entrepreneur Michael Frey, whose company designs…
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LeapRate has learned that longtime ADS Securities employee and Co-Head of Global eFX Coverage Bryan Seegers has resigned his position at the firm. Bryan Seegers had been with ADS, which provides both retail and institutional FX services, for five years, initially joining the company in Abu Dhabi as a Senior FX Dealer. He had previously…
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London-based FX Prime of Prime institutional brokerage Stater Global Markets has announced its core technology partners, as well as the introduction of CFDs in indices and commodities. LeapRate exclusively reported about the launch of Stater Global Markets in an interview with CEO Ramy Soliman last October. Soliman was most recently VP EMEA Sales at Integral Development…
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CySEC regulated retail forex broker FXTM has shared an interesting observation from its trading room. Notably, that there is widespread negativity towards Sterling from its traders, with 95% of its clients trading short on the GBPUSD ahead of the expected historic March 29 trigger of Article 50, formally beginning the exit of the UK from the…
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ThinkMarkets, a global multi asset brokerage, just announced that has enhanced its ThinkTrader mobile trading app through the implementation of Neumob’s SDK, an app acceleration framework, to significantly reduce latency for global forex and CFD traders. Through the partnership, ThinkMarkets’ mobile app users will see a drastic change in the performance of the platform. Traders…
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