NZX has announced that it will adjust the NZ milk price options minimum exercise price intervals to NZD 5 cents from NZD 10 cents, effective 8 March 2018. The change will allow traders in NZX’s dairy derivatives market to price structured options more accurately, and increase the amount of listed strikes as liquidity grows. This…
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Online broker Saxo Bank has reported its client metrics for the month of January, which saw the Copenhagen-based company have its best month ever with total trading volumes of $495.8 billion. Saxo's multi-asset strategy paid off handsomely in January, with client trading activity in all of its segments - FX, Equities, Commodities and Fixed Income…
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Belize financial regulator IFSC has issued a Warning Notice regarding a company called Littinvest Ltd. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC Act…
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Saxo Bank will offer Contracts for Difference (CFDs) on EEX German Power Futures as of 1st March 2018 The European Energy Exchange (EEX), Saxo Bank and PZEM Energy have today announced a partnership to offer German Power CFDs (Contracts for Differences) on Saxo’s fully integrated trading and risk management platform, SaxoTraderGO. Saxo’s new German Power…
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Independent Reserve, the Australian Digital Currency exchange, has announced that has added two executives to its senior management team as the company turns its attention to its growing stable of institutional and SMSF clients. Roman Stefanidi joined Independent Reserve as Chief Technology Officer in August, and Lasanka Perera as Head of Strategy in October. CEO…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Tamas Szabo (pictured above) has stepped onto the board of Pepperstone Limited, the FCA regulated subsidiary of leading Australia based Retail FX broker Pepperstone, as Pepperstone begins to expand its operations in the UK and Europe. As was exclusively reported by LeapRate, last October Pepperstone hired…
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CFD broker Plus500 Ltd (LON:PLUS) has announced that the Financial Services Board (FSB) of South Africa has granted Plus500 a licence to operate as an Authorised Financial Service Provider in South Africa through a newly created subsidiary Plus500SA Pty Ltd. This follows our report last year February that the FSB had granted Plus500AU Pty Ltd., the…
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Euronext, the pan-European exchange in the Eurozone, just announced trading volumes for January 2018. Cash trading In January 2018, the average daily transaction value on the Euronext cash order book stood at €7,773 million, up +20.4% compared to January 2017 and stable from the previous month. The average daily transaction value on ETFs order book…
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Australia financial regulator ASIC has announced that former Deutsche Bank AG (FRA:DBK) FX options and futures trader, Andrew Donaldson, of Bronte NSW, has been charged with 85 offences under s184(2) of the Corporations Act 2001 in respect of using his position as an employee dishonestly with the intention of directly or indirectly gaining an advantage…
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Continuing the spate of strong volume results shown by leading retail and institutional FX trading venues and brokers to start off the year, FXCM Group has reported its best client trading metrics since last January, with FX trading volumes coming in at $250 billion. FXCM's best month of 2017 was also January, at $253 billion,…
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