TopFX's Paul Orford waxes lyrical on the factors which are contributing toward what he considers to be the shaky future of the B-Book among retail brokerages
Read moreLeading Australian retail forex broker AxiTrader is breaking into the institutional business. LeapRate has learned that about two months ago AxiTrader went live with a soft launch of AxiPrime, combining liquidity, prime brokerage and aggregation services for retail forex brokerages and institutional traders, leveraging off AxiTrader's regulated status in both Australia and the UK. AxiPrime…
Read moreWell this is interesting. As reported on LeapRate, Friday saw the issue of a press release by Copenhagen-based CFH Group - owner of the CFH Clearing, CFH Systems, and Tradable brands - that CFH had reached an agreement to acquire a 50% stake in Boston Technologies as well as its prime brokerage operation Boston Prime.…
Read moreWill allow GPP to cater to its clients needs better w/ round-the-clock settlement solutions Global Prime Partners (GPP), a leading boutique prime broker, stated in an official press release they have appointed Deutsche Bank to provide execution, clearing and custody services for its rapidly expanding client base of emerging managers, family offices, professional traders and…
Read moreBofA Merrill Lynch replaces UBS as CFH's primary forex prime broker. Institutional FX brokerage CFH Clearing announced today that it has selected Bank of America Merrill Lynch as its new FX prime broker and its primary prime broker, as of August 1. London-based CFH will continue to work with UBS as a prime broker, predominantly for Precious…
Read moreReflects CFH's evolving business, now focused on CFH's gateway to the interbank market. Institutional FX brokerage CFH Markets has decided to rebrand as CFH Clearing. The name (and image) change was made primarily to reflect CFH's business operations as an interbank prime of prime solutions provider to small and medium sized institutional clients. CFH has moved…
Read moreNew rules would have called for FX prime brokers to submit pre-trade mid-market quote and risk disclosures. Courtesy of our friends at CFTCLaw.com... The CFTC has apparently given last-minute relief from its new client disclosure rules (which came into effect on May 1) to FX Prime Brokers, after listening to complaints that the market could be…
Read moreSaxo Prime will offer institutions direct market access to liquidity providers. Saxo Bank, one of the world's largest retail FX firms (and a member of LeapRate's Approved List of global FX brokerages), has announced its entry into the institutional FX Prime Brokerage business, with the launch of Saxo Prime. Saxo Bank has outsourced software from MarketFactory, specifically MarketFactory's…
Read moreCreates one-stop-shop solution for brokers to connect to FX liquidity sources.
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