Exclusive: Fondex launches cTrader based Retail FX brokerage LeapRate

October 24, 2018 BY LeapRate Staff

Exclusive: Fondex launches cTrader based Retail FX brokerage

LeapRate Exclusive... LeapRate has learned that a new CySEC licensed Retail FX brokerage has launched called Fondex, at website fondex.com. Fondex is a multi-asset CFD brokerage that is launching using Spotware’s cTrader updated platform: a 3-in-1 solution that has integrated manual, copy and automated trading functionalities. We spoke with Fondex CEO Alex Katsaros about the launch…

October 24, 2018 BY Valentina Kirilova

Qingdao Haier listed on the Frankfurt Stock Exchange

Chinese manufacturer of household appliances listed in Prime Standard Qingdao Haier Co., Ltd. (ISIN: CNE1000031C1) was listed in the Prime Standard on the Frankfurt Stock Exchange today, Deutsche Börse Cash Market announced earlier. The shares of the Chinese household appliance manufacturer were quoted at €1.06 at the start of trading. The issue price was €1.05.…

October 24, 2018 BY LeapRate Staff

Exclusive: Finotec posts loss in 2017 with another shift in strategy

LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker solutions provider Finotec Trading UK Limited has posted a loss in its latest financial year of 2017, amidst what seems to be a second major shift in strategy at Finotec in as many years. The previous year (2016), Finotec indicated that it was busy building…

October 24, 2018 BY Valentina Kirilova

'Frack Master' pleads guilty to massive fraud, faces 12 years in prison

The Securities and Exchange Commission (SEC) has announced it has agreed to a settlement with Christopher A. Faulkner—the self-proclaimed “Frack Master”—in connection with his wide-ranging securities-fraud scheme that raised over $80 million from hundreds of investors nationwide. Faulkner has simultaneously entered into a plea agreement relating to the same misconduct under which he will serve…

October 24, 2018 BY Valentina Kirilova

Thomson Reuters to acquire Integration Point

Information giant Thomson Reuters (NYSE:TRI) has announced that it has signed a definitive agreement to acquire Integration Point, a global trade management (GTM) operations company. The completion of the acquisition is subject to customary regulatory approvals and closing conditions. Terms of the transaction were not disclosed. Recent debate over trade agreements like TPP, the United…

Coinbase adds Stellar Lumens (XLM) on its professional trading platform

October 24, 2018 BY Valentina Kirilova

DFS authorizes Coinbase Global to form Coinbase Custody Trust Company LLC

Financial Services Superintendent Maria T. Vullo has just announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase Custody Trust Company LLC, a wholly-owned subsidiary of Coinbase Global, Inc., to operate as a limited purpose trust company. Coinbase Inc. has held Money Transmitter and Virtual Currency licenses from…

October 24, 2018 BY Valentina Kirilova

FCA warns against Dartalon clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Dartalon Ltd t/a Greenfields Capital and GFCInvestment. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as…

October 23, 2018 BY Mariela Naydenova

China with its first blockchain-related regulations

The blockchain and cryptocurrency market are constantly facing regulatory backlash from around the world. The SEC in the US has just launched a special fintech office to better understand, and eventually, help regulate the ever growing market. Now, China has stepped up and has proposed certain blockchain-related regulations that may help the rest of the…

October 23, 2018 BY Mariela Naydenova

Coinbase adds its first Stablecoin

Coinbase has just added its first stablecoin for its customers to "enjoy". According to the blog post that the company posted, the new coin will be none other but Circle's USD Coin or simple USDC, which is fully collateralized by the US dollar. Starting from today, October 23th, Coinbase users will be able to transact…