Exclusive: Institutional Forex broker GMI hires Exness executive John Taylor as UK COO LeapRate

January 12, 2018 BY LeapRate Staff

Exclusive: Institutional Forex broker GMI hires Exness executive John Taylor as UK COO

LeapRate Exclusive... LeapRate has learned that institutional FX broker Global Market Index (or 'GMI') has hired former Exness executive John Taylor as COO of its FCA regulated UK operation, Global Market Index Limited. John Taylor served as CFO of Exness for the past three years, and helped spearhead the launch of Exness' UK operation and FCA…

January 12, 2018 BY Valentina Kirilova

Global Brokerage receives 79% yes votes to move forward with reorganization

Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that, after receiving votes from approximately 78.5% of the holders of its 2.25% Convertible Notes due 2018 (the "Current Notes") unanimously approving its proposed, prepackaged plan of reorganization (the "Plan"), Global Brokerage has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy…

Nasdaq Copenhagen Improves Small Cap Market Access For Non-Nordic Trading Members

January 12, 2018 BY Valentina Kirilova

Record 2017 for Nasdaq’s Nordic Bond Markets

The volume of listed corporate bonds on Nasdaq’s Nordic markets grew to another all-time high during 2017. At the end of the year, the total value of listed corporate bonds on the Nasdaq Nordic main markets was 74 billion EUR, representing an increase of 9,6% compared to 2016. We are excited to note a continued,…

January 12, 2018 BY LeapRate Staff

TechFinancials shares soar on increased Cedex ICO size

Shares of binary options technology (and more recently Blockchain tech) provider TechFinancials Inc (LON:TECH) were soaring by 28% to an all time high of 37 pence on Friday morning, after the company announced that it was increasing the size of the planned token sale for Cedex Holdings Ltd. TechFinancials recently invested in Cedex, which is setting…

Advanced Markets Ltd signs up to FX Global Code of Conduct

January 12, 2018 BY Valentina Kirilova

AFMA announces launch of FX Global Code Register for Australia

The Australian Financial Markets Association (AFMA) has launched a Public Register for Statements of Commitment to the FX Global Code (the Code) by participants in the wholesale Australian foreign exchange market. The AFMA Register is supported by ACI Australia. AFMA and ACI Australia are currently accepting Statements of Commitment from market participants for uploading to…

January 12, 2018 BY Valentina Kirilova

FIA Tech goes live with MiFID II Position Limits Databank and spot month calendar

FIA Tech has announced the expansion of its Position Limits Databank service to encompass position limits for commodity derivatives as set by European regulators under MiFID II. The enhanced position limits service went live as planned ahead of the launch of MiFID II on January 3 2018. To date, seven exchange groups have issued MiFID…

January 12, 2018 BY LeapRate Staff

Trading Strategists Advise Clients to Watch Bank Stocks in 2018

The following article was written by Jeff Broth, a business writer and personal finance advisor. Consulting for SMB owners and entrepreneurs for more than 7 years. 2018 is the year of big banks in the United States. Truth be told, this reality has been a long time coming. The Federal Reserve Bank officially reversed course…

January 12, 2018 BY Valentina Kirilova

ASIC permanently bans a representative for Futuro Financial Services

ASIC announced that it has permanently banned Mr Robert Pryor Smith, of West Lakes, South Australia from providing financial services on the basis that he is not of good fame or character. Mr Smith was an authorised representative for Futuro Financial Services Pty Ltd (Futuro) from 10 October 2008 to 12 September 2017. Mr Smith…

January 12, 2018 BY Valentina Kirilova

NFA to require per-trade disclosures on Forex transactions

The Commodity Futures Trading Commission (CFTC) has recently approved NFA's amendments to NFA Compliance Rules 2-36 and 2-43. The amendments apply to forex dealer members (FDM) and will be effective on April 5, 2018. Required disclosures to be made on a per-trade basis The amendments to NFA Compliance Rule 2-36 provide retail forex customers with…

January 12, 2018 BY LeapRate Staff

Swissquote announces positive earnings surprise for 2017 driven by Cryptocurrency trading

Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced that it will report better-than-expected results for the second half of 2017 (when final results are released in early March). The driver - cryptocurrency trading. Swissquote was the first European online bank to introduce Bitcoin CFDs in mid 2017 as well as trading…