Most financial instruments, like the majority of we people, take the weekend off. Even when weekend trading is offered by online brokers on key currency pairs or indices, it usually occurs with very low volume and little price movement barring any market-moving news, basically there to allow traders to adjust positions or hedge open positions…
Read more
Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has announced that it has received a notice from the Tianjin Precious Metals Exchange Limited in China (TPME) to the effect that the TPME will adjust its precious metals spot trading business with a view to reduce the trading risks. As a result,…
Read more
Australian financial regulator ASIC has announced that it has banned Sean Nofal from providing financial services for three years. ASIC found that on two occasions Mr Nofal's conduct fell far short of the standard that would reasonably be expected of a competent financial services provider. ASIC also found that Mr Nofal did not have sufficient…
Read more
Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated binary options broker TR Binary Options, formerly known as Trade Rush, owned by Melnic Group Ltd., and operated from website trbinaryoptions.com. According to the…
Read more
It was week involving a number of somewhat severe regulator moves in Forex Industry News at LeapRate. Both the Cypriot and Australian financial regulators suspended / revoked the licenses of Retail Forex brokers. And in the US, an offshore broker was sued for taking US clients, a big no-no in the business. In our continuing…
Read more
The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and settling charges against David Liew for engaging in numerous acts of spoofing, attempted manipulation, and, at times, manipulation of the gold and silver futures markets. Liew engaged in this unlawful conduct for more than two years while he was employed as a…
Read more
USD/CAD has plunged 2.5% from May 5th to 24th caused by rising oil prices. The trend has turned to an upswing since May 24th helped by a slump in oil prices after the recent OPEC meeting. On the 4-hourly chart USD/CAD has turned bullish, trading above the downside uptrend line support. This morning USD/CAD hit…
Read more
Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that overall May 2017 average daily volume (ADV) reached 16.5 million contracts, up slightly from 16.3 million in April. Full exchange results by product can be found below: Interest rate volume averaged 8.9 million contracts per day in May 2017, up 20 percent from May 2016. …
Read more
U.S. Securities industry regulator Financial Industry Regulatory Authority (FINRA) announced today that it has barred former Morgan Stanley Smith Barney registered representative John Batista Bocchino for concealing approximately $190 million in Venezuelan bond trades from the firm, which had restricted such trading due to the regulatory, anti-money laundering and reputational risks it posed. Instead, Bocchino…
Read more
The following article was written by Jens Chrzanowski, Member of the Management Board of Admiral Markets Group AS. Hello, I’ll start this week’s article by asking your opinion: should it be only people that get to celebrate their birthdays or is the history of a company worth celebrating, too? What do you think? As an…
Read more