Ingenico 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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Continuing what has been a parade of stellar volume reports for May 2018 from some of the leading Retail and Institutional FX trading platforms, Australia based ASIC licensed IC Markets has reported that it has joined the "400 Club", with May volumes coming in at a record USD $447 billion. May’s average daily volume record of…
Read moreFrench financial regulator Autorité des marchés financiers (AMF) has issued a warning about the prevalence of aggressive 'boiler room' direct marketing. The AMF stated that this fraudulent practice encourages investors to purchase financial products on the basis of sales pitches incommensurate with the real value of the assets in question and with the promise of extremely…
Read moreAfter reporting record trading volumes throughout Q1, multibank FX aggregation service FXSpotStream has announced that May volumes totaled $645.4 billion, a record for the company. Average daily volumes of $28.1 billion were slightly off FXSpotStream's record in that regard, $28.8 billion set in February 2018 (but as February had 3 fewer trading days, total volumes in…
Read moreIt looks like CySEC is looking for help. The Cypriot financial regulator has issued today a tender for the purchase of services from outside parties, for the examination of CIF license applications, as well as other licenses and designations issued by CySEC including CIPs, UCITS, AIFs, UCITS, AIFM, and OEEPAP. CySEC is also planning to…
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