April 10, 2018 BY LeapRate Staff

Fortex hires Victor Hendrix from Beeks Financial Cloud as EVP Global Infrastructure Sales

Institutional FX trading solutions provider Fortex Technologies Inc has announced that Victor Hendrix has joined the company to create and lead its newest division XCLOUD. A global cloud server grid, XCLOUD offers liquidity-agnostic and broker-neutral trading Infrastructure as a Service (IaaS) to support all trading platforms and all bridge middleware. XCLOUD offers premium hosting and…

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April 10, 2018 BY Valentina Kirilova

tZERO launches security token trading software

tZERO, the blockchain-meets-Wall-Street subsidiary of Overstock.com, Inc. (NASDAQ:OSTK), has just announced the release of the prototype of its planned security token trading software. Overstock.com and tZERO CEO Patrick Byrne said: In August 2015, Overstock used tZERO’s blockchain technology to issue what we believe was the world’s first private blockchain security, a $5 million bond to…

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April 10, 2018 BY Valentina Kirilova

Spaceship and Tidswell fined for false and misleading conduct

Spaceship Financial Services Pty Ltd (Spaceship) and Tidswell Financial Services Pty Ltd (Tidswell) have each paid a $12,600 penalty for Infringement Notices issued by ASIC. ASIC's concerns related to misleading claims about the 'fundamental investment philosophy' of the Spaceship Super Fund’s "GrowthX" portfolio (Spaceship Fund), made on the fund’s website (www.spaceship.com.au) during 2017. In June…

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April 09, 2018 BY LeapRate Staff

Libertex adds CFDs on Spotify and Dropbox shares

The Libertex trading platform has announced that it now provides its traders with an opportunity to open trading positions in two new instruments - CFDs on Spotify (SPOT) and Dropbox (DBX) stocks. The company stated that these new assets will appeal to those traders who are interested in opening up trading positions in promising technological…

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April 09, 2018 BY LeapRate Staff

Cryptocurrency CFDs require license, but not cryptos themselves: FCA

UK financial regulator the FCA has issued an interesting statement indicating that while cryptocurrencies are not currently regulated by the FCA, crypto derivatives - including cryptocurrency CFDs - are. According to the FCA, cryptocurrency derivatives are defined as being "financial instruments" under the Markets in Financial Instruments Directive II (MiFID II), even though the FCA does…

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April 09, 2018 BY LeapRate Staff

Blockbid becomes third recipient of Australia crypto exchange license

Melbourne based cryptocurrency exchange startup Blockbid has announced that it has become the third recipient of an AUSTRAC license, meaning they it has been granted permission to legally operate as a cryptocurrency exchange according to Australian law. The company stated that this is an important stepping stone to becoming an active, worldwide cryptocurrency exchange, whilst further…

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April 09, 2018 BY LeapRate Staff

RoboMarkets updates its R Trader Platform and auto trading Strategy Builder

CySEC licensed online brokerage and investment company RoboMarkets, which provides financial services to clients across Europe, has annoucned an update of its R Trader multi-asset trading platform. RoboMarkets has also updated its Strategy Builder, which allows traders to build and implement automated strategies with no knowledge of code or programming. In November 2017, RoboMarkets announced…

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April 09, 2018 BY LeapRate Staff

Polish forex broker XTB claims blackmail, ex-client claims fraud, KNF investigates

A war of words is brewing between Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), a former disgruntled client named Krzysztof Kramarczyk, Poland’s Financial Supervision Authority (Komisja Nadzoru Finansowego, or KNF), and Polish prosecutors with charges of asymmetric slippage, fraud, and blackmail being bandied about. X Trade Brokers operates Retail Forex broker XTB.com as well as the X Open Hub…

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