The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Trustee Credit Savings Bank. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…
Read more
Leading online CFDs broker Plus500 Ltd (LON:PLUS) has issued its Trading Update for the end of 2017, indicating that the company will report a record quarter for Q4 in terms of Revenues. We would remind our readers that in Q3 Plus500 reported what we called a 'monster' quarter, with then-best-ever Revenues of $116.5 million, EBITDA of…
Read more
LeapRate Exclusive… LeapRate has learned that Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, has named Simon Bird as its Non Executive Chairman. LeapRate had exclusively reported in November that Mr. Bird was making a comeback of sorts to the FX industry, as he was set to join the board of Ikon…
Read more
Institutional FX player LMAX Exchange Group has announced (see full text below) that it has divided the company's operations into two distinct, separate FCA regulated entities: LMAX Global, the operating name of newly formed LMAX Broker Limited, a broker offering other brokers and professional traders the ability to trade on the LMAX Exchange central limit…
Read more
Russia has been one of the countries with the most controversial views on cryptocurrencies. The government announced in mid-2017 that the country had blocked Russians from accessing any cryptocurrency exchanges. Vladimir Putin has, however, said numerous times that he is looking into cryptocurrency opportunities. In addition, several educational reforms in leading Russian universities have been…
Read more
Multibank FX aggregation service FXSpotStream has announced that December FX trading volumes came in at a fairly strong $19.8 billion ADV, making December one of FXSpotStream's best months of the year despite the usual holiday-related slowdown in the FX trading sector. For the year, FXSpotStream averaged $19.5 billion in daily volumes, up 7% over 2016's…
Read more
After a fairly slow New Years weekend which saw Bitcoin prices drift down from $15,000 to the low $13,000's, the latest spark in the digital currency's rise to stardom has come late Tuesday in the form of a major endorsement from a very respected and successful Silicon Valley investor. Not just any investor, we are…
Read more
In December 2017, the European Energy Exchange (EEX) announced that it has achieved a total volume of 234.5 TWh on its power derivatives markets (December 2016: 287.4 TWh). The December volume comprised 160.8 TWh traded at EEX via Trade Registration with subsequent clearing. Clearing and settlement of all exchange transactions was executed by European Commodity…
Read more
Deutsche Börse's cash markets record second highest trading volumes since 2012 / Four Deutsche Börse Venture Network start-ups have been listed on the stock exchange so far The shares of Siemens, Covestro, Rocket Internet and Wirecard were the most traded securities in the German benchmark indices DAX, MDAX, SDAX and TecDAX, as announced by Deutsche…
Read more
Virtu Financial, Inc. (NASDAQ:VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, today announced the closing of the sale of the BondPoint business to Intercontinental Exchange (NYSE:ICE) for a total purchase price of $400 million. Back in October 2017, Virtu shared it has entered into a definitive agreement to sell Virtu’s fixed…
Read more