Banco Monex becomes first Mexican FX settlement member to CLSSettlement LeapRate

May 30, 2018 BY Valentina Kirilova

Banco Monex becomes first Mexican FX settlement member to CLSSettlement

CLS, a market infrastructure group delivering settlement, processing and data solutions, has just announced that Banco Monex has joined as a settlement member. Banco Monex joins 69 other leading banks in becoming a settlement member in CLSSettlement, the payment-versus-payment settlement service for the global foreign exchange market – which settles USD5 trillion on an average…

May 30, 2018 BY LeapRate Staff

Time is now. How hot will be this summer for crypto?

The following article was written by AMarkets, a St. Vicent & the Grenadines (FSA) regulated global forex broker established in 2007. We will thoroughly analyze current stages of bitcoin development and make our assumptions what rally to expect from it this year. Mid-May, bitcoin is in its phase of protracted correction, losing more than 50%…

May 30, 2018 BY Valentina Kirilova

Dubai DGCX broker JRG International launches MT5

The Dubai Gold & Commodities Exchange (DGCX) brokerage house announced that it has launched the MetaTrader 5 platform for its clients. As an active Broker Clearing Member of the DGCX, JRG International has consistently been giving access to the DGCX’s products covering Currencies, Equities, Precious Metals and Hydrocarbons. JRG International Brokerage DMCC has over 30…

May 30, 2018 BY Valentina Kirilova

Digital Asset Group teams up with GMEX Group

GMEX Group (GMEX), an established provider of services in financial markets, has just announced that it has teamed up with the Digital Asset Group (DAG), a financial service provider. The Joint Venture (JV) will be the first fully-integrated financial group servicing this emerging sector; bringing together the practices of regulated banking, finance and exchanges with…

May 30, 2018 BY LeapRate Staff

GAIN Capital exits institutional FX, sells GTX for $100M to 360T

FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…

May 30, 2018 BY Valentina Kirilova

FSC suspends AG Fiduciary Solutions Limited license

The Financial Services Commission, Mauritius (FSC) has just announced that the Management Licence held by AG Fiduciary Solutions Limited (formerly known as ABBEYGATE FINANCIAL SERVICES LIMITED) has been suspended with effect from 28 May 2018. In accordance with Section 27(5) of the FSA, AG Fiduciary Solutions Limited shall cease to carry out the activity authorized…

May 30, 2018 BY Valentina Kirilova

PayPal acquires AI-powered prediction platform Jetlore

Online payment giant PayPal announced that it has acquired Jetlore, an AI-powered prediction platform for some of the world’s top retailers. Headquartered in San Mateo, California, Jetlore was founded in 2011 by Ph.D. students from Stanford University's computer science program with the goal of applying the power of machine learning to the retail market. Jetlore’s…

May 30, 2018 BY Valentina Kirilova

TP ICAP's Chairman Rupert Robson to retire

The Board of TP ICAP plc has announced that Rupert Robson, Chairman of the Company, has informed the Board of his intention to retire from the role on 31 December 2018, the end of the Company's current financial year. Rupert Robson joined the Board of Tullett Prebon plc in January 2007 and became Chairman in…

May 30, 2018 BY LeapRate Staff

SEC takes action to halt Titanium Blockchain ICO fraud

The U.S. Securities and Exchange Commission has announced that it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain…

May 30, 2018 BY LeapRate Staff

Introducing broker XFA fined by CFTC and NFA over trade allocation scheme

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against X-Change Financial Access LLC (XFA) of Chicago, Illinois, for failure to diligently supervise its employees’ handling of its customer accounts and failure to preserve complete records. At the time of the conduct charged, XFA was registered with the CFTC as…