Moscow Exchange (MOEX) has just released its market report for the month of May 2018. Total trading volume across Moscow Exchange’s markets was RUB 71.1 trln. The key growth drivers were the Bond Market (+39.9%) and Equity Market (+8.3%). Turnover also grew on the FX Market (+3.1%), Derivatives Market (+3.1%) and Money Market (+2.4%). Equity…
Read moreAustralian regulator ASIC has announced that it has cancelled the Australian financial services (AFS) licenses held by SmarTrader Limited (SmarTrader) and BBY Advisory Services Pty Ltd (BBY Advisory), effective from 18 May 2018 and 22 May 2018 respectively. ASIC has also decided to extend the suspension of the AFS license held by BBY Limited (BBY)…
Read moreThe U.S. Securities and Exchange Commission (SEC) has announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement will result in the establishment of a Fair Fund for distribution of the penalty…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that it has issued an Order today filing and settling charges against French banking giant Societe Generale SA (EPA:GLE) for attempted manipulation of and false reporting in connection with the London Interbank Offered Rate (LIBOR) for U.S. Dollar, Yen and Euro, and the Euro Interbank Offered Rate…
Read moreIngenico ePayments, the online and mobile commerce division of Ingenico Group SA (EPA:ING), today announced that Retail FX broker FXCM Group, LLC has selected Ingenico as its payment processing partner, providing customers worldwide with a highly secure and simple platform to deposit and trade foreign exchange (FX). FXCM offers global traders access to the world’s…
Read moreCyprus financial regulator CySEC has issued a clarification circular (see full text below) following numerous inquiries it received in the wake of ESMA's plans to move forward with new, restrictive rules governing online brokers. ESMA's new rules - finalized in late March and set (just as of last week) to come into effect in two…
Read moreLeapRate Exclusive... LeapRate has learned via regulatory filings a number of further not-yet-disclosed details about Playtech's 2017 acquisition of Forex and multi-asset market maker and white label provider Alpha Capital Markets (formally ACM Group Limited). And, that the "$150 million" deal which saw Playtech buy ACM last year is likely to be completed at a…
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Continuing a very strong start to the year in which it saw more than a trillion dollars of trading volumes in Q1, FCA and CySEC licensed Retail FX broker Exness has reported that May client volumes came in at $395.2 billion - a monthly record for the company and one of the best-ever months seen by a Retail…
Read moreThis week in Forex Industry News at LeapRate... How much did GAIN Capital sell its institutional FX unit GTX for? On which dates do the ESMA binary options ban, and CFD leverage cap, kick in? Who's the new CEO at London Capital Group? Why is Playtech's Markets.com launching a new brand called MarketsX? What warning…
Read moreLeapRate Exclusive... LeapRate has learned that popular FX research analyst and longtime Head of Research at FOREX.com, James Chen, has moved to Investopedia.com. Mr. Chen will become Investopedia's Director of Trading & Investing, taking a major role in the direction of the website's research and education products. James Chen has been Head of Research at…
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