UBS Announces Changes To Group Executive Board LeapRate

BIS announces key appointments in Singapore and Switzerland

December 14, 2017 BY Valentina Kirilova

UBS Announces Changes To Group Executive Board

The UBS Group AG (VTX: UBSG) Board of Directors informed that it has approved the following changes to the Group Executive Board (GEB), the firm's most senior management body. Martin Blessing appointed President Wealth Management Axel P. Lehmann appointed President Personal & Corporate Banking and President UBS Switzerland Sabine Keller-Busse appointed Group Chief Operating Officer.…

December 14, 2017 BY LeapRate Staff

Binary Options broker 247 Options Trade showing fake FSC and CySEC regulator licenses

Offshore binary options brokers 247 Options Trade (operating from website 247optionstrade.com) is showing a number of false documents on its site purporting to be licenses issued to the company by regulators in Mauritius and Cyprus. Mauritius regulator FSC has issued an investor warning that 247 Options Trade is not and has not, at any point in…

Securities and Exchange Commission proposes Transaction Fee Pilot for NMS Stocks

December 14, 2017 BY Valentina Kirilova

SEC Division of Trading and Markets Deputy Director Gary Barnett retires

The Securities and Exchange Commission (SEC) has announced that Gary Barnett, Deputy Director in the Division of Trading and Markets, will retire from the agency at the end of the year. Since January 2015, Mr. Barnett has overseen the division’s Office of Broker-Dealer Finances, Office of Derivatives Policy, Office of Trading Practices, its Volcker rule…

December 14, 2017 BY Valentina Kirilova

Interactive Brokers fined $250,000 for breaching market integrity rules

Interactive Brokers LLC ('Interactive') has paid a penalty of $250,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel ('the MDP'), ASIC informed earlier today. The MDP found it had reasonable grounds to believe that Interactive had breached the ASIC Market Integrity Rules (Chi-X Australia Market) 2011 which: prohibit a…

December 14, 2017 BY LeapRate Staff

Exclusive: GMO’s Z.com Trade raises leverage on major FX pairs trading to 200x

LeapRate Exclusive... LeapRate has learned that Z.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177) has issued a notice to clients that it will be changing trading conditions on a number of products and accounts. The changes at Z.com Trade will become effective next Monday, December 18. The key…

December 13, 2017 BY Mariela Naydenova

Starbucks' WiFi hijacked customers' laptops for mining Monero

Brittany Roston from Slash Gear reported that one of Starbucks stores in Buenos Aires was caught mining digital currencies through the use of customers' laptops that essentially used the store's WiFi. The Starbucks store did not know of the mining, until notified by a customer, Noah Dunkin through a tweet. According to his tweet, the…

December 13, 2017 BY Mariela Naydenova

Bitcoin down with 7%, futures trading at a halt

After reaching a new all-time high of $17,600 on Tuesday, Bitcoin is down 7% today and slumping below the $16,000 level. While this correction may be normal in value after a steep rise, the decline caused a freeze on the futures trading and contracts on CBOE, which launched bitcoin futures this week on Sunday, December…

December 13, 2017 BY Mariela Naydenova

Scholarships in the form of Bitcoin in Bulgarian university

Bitcoin is now of one the modern "wonders" and has escalated to a price of almost $18,000 on international exchanges. Blockchain, the technology behind bitcoin, is disrupting major markets and industries, and education is not behind. For the very first time, a university in Bulgaria will offer scholarships to incoming students in the form of…

Robinhood commission free options trading

December 13, 2017 BY LeapRate Staff

Robinhood takes further aim at US discount brokers with commission-free options trades

Zero-commission online brokerage Robinhood, which launched three years ago with plans to shake up the US (and eventually international) online brokerage market, has announced the launch of commission-free options trades. Robinhood began with a limited release of its options trading today, with plans to expand to what it calls a "full release" early in 2018.…

December 13, 2017 BY Valentina Kirilova

Cboe launches Cboe Gemini Bitcoin Futures Index (XBTX)

Cboe Global Markets, Inc. (Nasdaq: CBOE) today announced it has created the Cboe Gemini Bitcoin Futures Index (ticker symbol: XBTX), a new strategy performance benchmark index designed to replicate a constant one-month position in Cboe XBTSM Bitcoin Futures (ticker symbol: XBT). XBT futures began trading on Cboe Futures Exchange (CFE) on Sunday, December 10. More…