ADGM introduces enhanced prudential regime for investment firms and banks LeapRate

January 03, 2018 BY Valentina Kirilova

ADGM introduces enhanced prudential regime for investment firms and banks

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has published and ‘goes live’ with a number of enhancements to its “Prudential – Investment, Insurance Intermediation and Banking” (PRU) Rulebook. This follows a successful public consultation which completed on 7 December 2017. The new enhancements cover the prudential supervision of banks, insurance…

January 03, 2018 BY LeapRate Staff

Exclusive: Simon Bird (also) joins the board of ETX Capital parent Monecor

LeapRate Exclusive... It is good to be in demand. LeapRate has learned that Simon Bird has joined the board of FCA regulated Monecor (London) Limited. Monecor is the parent company of London-based spreadbetting and CFDs broker ETX Capital. We had just reported earlier today that Simon Bird was named as Non Executive Chairman of one-time…

January 03, 2018 BY Valentina Kirilova

Celsius to replace traditional future exchanges like CME and CBOT with crypto lenders

Celsius, a blockchain powered lending and borrowing platform, just announced that it aims to replace big banks and futures exchanges, like the CME and CBOT, with crypto coin holders who will earn returns through lending. Using its platform, which will launch in Q1 2018, Celsius members can easily borrow coins at significantly reduced rates compared…

January 03, 2018 BY Valentina Kirilova

Xetra-Gold ends 2017 with record holdings of 175 tonnes of gold

Germans continue investing heavily in gold / Increase of 57 tonnes over previous year / Europe's largest physically-backed gold security The gold holdings of the Xetra-Gold physically-backed bearer note of 175.04 tonnes at the end of 2017 marks a new all-time high. That figure stood at just 117.59 at the end of 2016. The reserve…

January 03, 2018 BY Valentina Kirilova

Cboe LIS hits new milestone of €20 billion traded since launch

Cboe Global Markets, Inc. (Nasdaq: CBOE) today reported that Cboe Europe Equities traded more than €20 billion in notional value on Cboe LIS, its European large-in-scale block trading platform powered by BIDS technology, since it launched in December 2016. Additionally, December was another record month of volume for Cboe Europe Equities’ Periodic Auctions order book,…

January 03, 2018 BY Valentina Kirilova

Nadex widens acceptable bid/ask spread used in currency expiration value calculation

On January 2, 2018 Nadex submitted to the Commission an emergency notice pursuant to Commission Rule 40.6(a), that on trade date Tuesday, January 2, 2018, the underlying GBP/USD cash market experienced a period of decreased activity at the open of the Nadex derivative contracts. The expiration value calculation process under ‘slow’ conditions would collect midpoints…

January 03, 2018 BY Valentina Kirilova

Icon Markets Limited no longer licensed by Belize regulator IFSC

Belize financial regulator IFSC announced that the company Icon Markets Limited of license number IFSC/60/461 is no longer licensed by the regulator, with effect from January 1, 2018, for trading in financial and commodity-based derivative instruments and other securities or to engage in any other International Financial Services. Icon Markets Limited's domain names are www.hedgestonegroup.com,…

January 03, 2018 BY LeapRate Staff

Exness closes out record 2017 with December FX volumes at $257 billion

Closing out its best year ever which saw the company climb to become one of the largest Retail FX brokers, FCA and CySEC regulated Exness has reported that December Forex trading volumes came in at $256.6 billion - down 21% from November's record $324.4 billion, but still a good result for the normally slow end-of-year month.…

January 03, 2018 BY Valentina Kirilova

The Spanish Stock Exchange traded €651.4 billion in 2017

The Spanish Stock Exchange has released its volumes report for the year 2017. The highlights include: The trading volume in December reached €47.6 billion The ETF trading volume in 2017 totalled €4.4 billion The number of contracts registered in MEFF in 2017 was 44.6 million New issues on MARF in 2017 grew 74.1% to €3.9…

January 03, 2018 BY Valentina Kirilova

Cboe launches new volatility product microsite for ETP investors

Cboe Global Markets, Inc. (Nasdaq: CBOE) announced that it has launched a new microsite designed to educate and inform investors about exchange-traded volatility products (ETPs). Cboe is the home of the Cboe Volatility Index® (VIX® Index), which is considered by many to be the world's premier barometer of equity market volatility. The VIX Index is…