CFTC wins $1M Bitcoin/Litecoin fraud trial against Patrick McDonnell and Coin Drop Markets LeapRate

August 24, 2018 BY LeapRate Staff

CFTC wins $1M Bitcoin/Litecoin fraud trial against Patrick McDonnell and Coin Drop Markets

The CFTC has announced that a New York federal court entered final judgment ordering Patrick K. McDonnell of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and restitution in connection with a lawsuit brought by the Commodity Futures…

August 24, 2018 BY Valentina Kirilova

Dukascopy adds new CFD bonds and indices for trading on LIVE

Geneva based Retail FX broker and bank Dukascopy has just announced that has extended the list of its CFD tradable instrument by introducing CFDs on Bonds. This new type of tradable instrument will see the introduction of German government bond (BUND.TR/EUR) and UK government bond (UKGILT.TR/GBP) at first, with the list of tradable bonds to…

LeapRate interview: Defense against toxic flow, Jeff Wilkins speaks

August 24, 2018 BY Valentina Kirilova

Green and Sustainable Finance Cluster Germany releases baseline report

The Green and Sustainable Finance Cluster Germany has issued its baseline report presenting an inventory of sustainability activities at the financial centre of Frankfurt/Main. The report is the first publication from this cluster, created in spring 2018 in a merger between the Green Finance Cluster Frankfurt of the Hessian Ministry of Economics and the Accelerating…

August 24, 2018 BY Valentina Kirilova

SFC launches investor identification for northbound trading

The Hong Kong Securities and Futures Commission (SFC) has announced that it has reached an agreement with the China Securities Regulatory Commission (CSRC) to implement an investor identification regime for northbound trading under Mainland-Hong Kong Stock Connect on 17 September 2018. The investor identification regime will facilitate more effective monitoring and surveillance by the CSRC…

August 24, 2018 BY Valentina Kirilova

CBA helps World Bank raise A$110 million with launch of ‘Bond-I’

The Commonwealth Bank (CBA) has helped its client, the World Bank, launch bond-i - the world’s first bond to be created, allocated, transferred and managed through its life cycle using distributed ledger technology. CBA was mandated by the World Bank as arranger for the bond on August 10 and following a two-week consultation period with…

Torstone Technology expands its London headquarters

August 24, 2018 BY LeapRate Staff

Exclusive: Chinese-owned UK Forex broker Global Markets Group hires Alex Iakobachvili as CEO

LeapRate Exclusive... LeapRate has learned that FCA regulated startup Retail FX brokerage Global Markets Group Limited has hired FX industry executive Alex Iakobachvili as the company's new Managing Director and CEO. Alex Iakobachvili joins Global Markets Group from Global Markets Index Limited (or GMI UK, despite the similar name no relationship to his new employer) where…

August 24, 2018 BY LeapRate Staff

CFI opens London office headed by former Fixi CEO Richard Wynn

Credit Financier Invest (CFI) Ltd has announced today the launching of its branch in the UK, after acquiring the necessary regulatory authorisations (which we had reported on in June) and the completion of other preparations. CFI’s offices will be located at 70 Gracechurch Street, London. CFI has chosen to be located in the city’s financial district, recognised globally as a…

Lingxi ,China Finance Online Co. Limited

August 24, 2018 BY Valentina Kirilova

MAS and SGX partner Anquan, Deloitte and Nasdaq to harness blockchain technology for settlement of tokenised assets

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have announced a collaboration to develop Delivery versus Payment (DvP) capabilities for settlement of tokenised assets across different blockchain platforms. This will allow financial institutions and corporate investors to carry out simultaneous exchange and final settlement of tokenised digital currencies and securities assets, improving operational…

August 24, 2018 BY LeapRate Staff

ESMA extends binary options trading ban into 2019

Just halfway through its initial three month ban on offering binary options trading products in the EU, pan European financial regulator ESMA has announced that it will be extending the ban for a further three months. The initial temporary ban was finalized in March and came into effect on July 2, running through to October…

August 24, 2018 BY Valentina Kirilova

MOEX releases higher trading volumes on all markets in Q2

Moscow Exchange (MOEX) has just announced its financial results in accordance with International Financial Reporting Standards (IFRS) for Q2 2018. Higher trading volumes on all markets and a favorable change in the product mix helped achieve record high fee and commission (F&C) income. Unless stated otherwise, all figures below refer to performance in Q2 2018…