FCA regulated CFD broker Plus500 Ltd (LON:PLUS) just announced that the Monetary Authority of Singapore has granted Plus500SG Pte. Ltd. a Capital Markets Services license for dealing in securities and leveraged foreign exchange trading. The grant of the Capital Markets Services license reflects the scalability of the Company both from a business and a regulatory…
Read more
Will this help bring France closer to overtaking London as a European financial trading center? Despite taking a very hard line when it comes to advertising and trading of leveraged financial instruments including Forex pairs and CFDs, France is looking to become a blockchain financial center. France's Finance Minister Bruno Le Maire said in a…
Read more
Your Weekly Trading Review by UFX.com – Sunday, December 10th, 2017 These assets kept the market guessing last week. Gold decreased by -0.38%, ending at $1,248.40. Crude Oil increased by +1.18, closing at $57.36 a barrel. The DOW Jones ended the week on a high, closing at a value of 24,329.16. The S&P 500 rose in value,…
Read more
Which FX broker is the latest to get a CySEC CIF license? Which China-backed, FCA-licensed ECN broker launched in London? Why was the FXDD-IronFX merger called off? What major change did Plus500 Ltd (LON:PLUS) make to its Affiliate program? Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our…
Read more
In one of the most stark examples of "establishment" people jumping on the cryptocurrency bandwagon, former CFTC Commissioner Bart Chilton - one of the most recognizable faces and symbols of financial regulation - revealed this weekend that he is deeply involved in the ICO of a new token called OilCoin. OilCoin plans to launch its ICO…
Read more
Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced today that it has notified The NASDAQ Stock Market (Nasdaq) of its intention to voluntarily withdraw its Class A common stock, par value $0.01 (the "Common Stock"), from listing on The NASDAQ Capital Market (the "Exchange"). Global Brokerage intends to file a Form 25, Notification…
Read more
The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has issued the results of a rule enforcement review that recommends the exchanges reviewed make certain improvements as noted below. The Division reviewed the Chicago Board of Trade (CBOT), the Chicago Mercantile Exchange (CME), the Commodity Exchange, Inc. (COMEX), and the New York Mercantile…
Read more
Tallinn, Estonia based Retail FX brokerage group Admiral Markets has announced the commencement of a planned €5 million capital raise, via an offering of unsecured subordinated bonds. The public offering of unsecured subordinated bonds is arranged by Admiral Markets AS and the subscription period runs from December 8-19, 2017. The issue is targeted both to…
Read more
A public offering of subordinated bonds by the online trading provider Admiral Markets AS commenced today, 8 December 2017. In the same Nasdaq Tallinn has started the procedure of listing the bonds of Admiral Markets AS on the Baltic Bond List, following the company’s respective application yesterday. The bond issue’s volume is €5m, as announced…
Read more
Asia Equity Exchange Group, Inc. (OTCMKTS:AEEX), an equity investment and financing information services provider in Asia, announced today that it has completed a self-directed private placement (the "Placement") of 4,300,000 shares of common stock of the Company for $3.5 per share pursuant to a Subscription Agreement dated November 21, 2017 (the "Subscription"). The gross proceeds…
Read more