Forex Industry Week Review: Cryptocurrency CFD leverage limits, FX broker IPO, FxPro Dubai license, and lots more… LeapRate

October 15, 2017 BY LeapRate Staff

Forex Industry Week Review: Cryptocurrency CFD leverage limits, FX broker IPO, FxPro Dubai license, and lots more…

In FX Industry News this week... What leverage and volume limits did Cyprus regulator CySEC place on brokers who offer trading in Bitcoin, Ethereum and other digital currency CFDs? Which FX broker now plans a Singapore Exchange IPO? Which former CEO is suing the Chairman of a trading platform company? What management and board changes…

October 13, 2017 BY Valentina Kirilova

Quoine launches ICO, builds a global liquidity platform for the crypto economy

Fintech company Quoine announced that it will be the first licensed global cryptocurrency exchange in Japan to launch a global Initial Coin Offering (ICO), also known as the QASH Token Sale. Mike Kayamori, CEO and Co-founder of Quoine, stated: Ever since we founded Quoine in 2014, we have observed one very important element that has…

October 13, 2017 BY Valentina Kirilova

John Flint to succeed Stuart Gulliver as HSBC Group Chief Executive

HSBC Holdings plc (NYSE:HSBC) announced that John Flint, Chief Executive of Retail Banking and Wealth Management, will succeed Stuart Gulliver as Executive Director and Group Chief Executive. This will be effective from 21 February 2018 after Stuart has stepped down from both roles and retired from HSBC. Group Chairman Mark Tucker, who led the search to…

October 13, 2017 BY LeapRate Staff

CySEC sets cryptocurrency CFD rules: 5x leverage limit, 15% max volume for CIFs

Cyprus financial regulator CySEC has issued a directive outlining its requirements for CIF licensed FX and CFD brokers who offer trading in Bitcoin, Ethereum, and other cryptocurrencies. As the prices of these virtual currencies has soared to all-time highs, trading volumes at FX brokers in all things digital are also climbing - and at some…

Paxos teams up with bitcoin payment service BitPay

October 13, 2017 BY Valentina Kirilova

SIX Swiss Exchange partners with UnaVista for transaction reporting for remote participants

SIX Swiss Exchange is to partner with London Stock Exchange Group to establish a link to their UnaVista service to facilitate transaction reporting for products admitted to trading on SIX Swiss Exchange for remote participants. The service from UnaVista will allow remote participants of SIX Swiss Exchange to fulfil their reporting obligations under the Swiss…

October 13, 2017 BY LeapRate Staff

TradingScreen statement refutes claims in supposed Shareholder Action

It looks like a legal battle for control of electronic trading solutions provider TradingScreen may be brewing. Following our report yesterday of a (supposed) lawsuit filed in Geneva against TradingScreen by a group stating that it represents the majority of common shareholders in TradingScreen, we have an official statement from the company itself refuting the claims.…

October 13, 2017 BY Valentina Kirilova

State Street appoints new Global Heads for Currenex and FX Connect

State Street Corporation (NYSE: STT) announced that James Reilly has joined State Street as global head of Currenex, a technology provider offering the FX community high-performance technology and access to deep pools of liquidity for anonymous and disclosed trade execution. Reilly will focus on expanding the business and creating new partnerships. Additionally, Stephen Dispenza has…

October 13, 2017 BY Valentina Kirilova

FCA warns against Way to Finance clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Way to Finance. 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 tactics…

October 13, 2017 BY LeapRate Staff

GMO's Z.com Trade adds deposits via China UnionPay Mobile Banking

GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177) has announced that it will now be accepting deposits through China UnionPay Mobile Banking Payment. The following details pertain to Debit Cards issued by the following Chinese banks: Bank Per Transaction Limit (RMB) Daily Limit (RMB) China Merchants…

October 13, 2017 BY LeapRate Staff

Autochartist integrates its content into SalesForce Pardot and Marketing Cloud, Constant Contact, and MailChimp

Autochartist, a leading provider of automated technical analysis solutions to brokers, has announced that it has integrated its content into a number of popular marketing platforms including SalesForce Pardot and SalesForce Marketing Cloud (previously ExactTarget) from salesforce.com inc. (NYSE:CRM), Constant Contact, MailChimp and many others. These integrations empower brokers to take full control of Autochartist content…