LeapRate Exclusive... LeapRate has learned via regulatory filings made in the US and the UK that New York based global investment bank Morgan Stanley (NYSE:MS) has become one of the largest shareholders of Playtech PLC (LON:PTEC), taking a 5.1% position in the company. Playtech is one of the world's leaders in providing software and systems to the…
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Multi-asset execution and order management systems company FlexTrade Systems has announced the rollout of FlexAlgoWheel, its next generation, data-driven interface to algo selection. FlexAlgoWheel incorporates real-time internal and external inputs as well as TCA to optimize the broker and algo selection process. According to Vijay Kedia, President and CEO of FlexTrade, An important, yet repetitive…
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Swiss retail forex broker Dukascopy has announced that is launching two-price Touch Binary Options. Touch Binaries - binary options on FX currency pairs with 2 remote strike prices set around the open price of the option. At order initiation the client defines a target price level (which is the strike price that makes the option…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm London Global Markets. 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…
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The Taiwan Futures Exchange (TAIFEX) today announced that has listed the first-ever U.S. index futures contracts in Taiwan - S&P500® Futures and Dow Jones Industrial Average® (DJIA) Futures, in parallel with the launch of an after-hour trading session. The listing was marked by a launching ceremony attended by guests from its international partners, CME Group…
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There are a multitude of ways in which a broker can see their precious, hard-earned leads, stolen.
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Pursuant to the Cyprus Securities and Exchange Commission (CySEC)'s announcement, the Investor Compensation Fund for IF Clients (ICF) shared the commencement of the compensation payment process by the ICF to the covered clients of CommexFX Ltd. The address of CommexFX, whose authorisation has been suspended since July 2016, was at 4 Profiti Ilia street, Kanika…
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Mr Gavin Keith Hyland has been convicted in the Brisbane District Court on two counts of dishonestly using his position to misappropriate investor funds. In relation to the first count, Mr Hyland was sentenced to two years imprisonment and one year imprisonment for the second count. The sentences are to be served concurrently, ASIC shared…
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LMAX Exchange, the FCA regulated MTF for global FX trading, has issued a white paper several months in the making. LMAX's report is a scathing review regarding the way the institutional global FX market works today, and offers ways to fix things. The LMAX Exchange white paper calls for industry-wide consultation and collaboration to agree consistent TCA…
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The financial technology company NEX Group plc (LON:NXG) just announced its audited results for the year ended 31 March 2017. Some of the highlights include: ICAP Global Broking division: sold for £1.3 billion Revenue from continuing operations increased by 18% to £543 million (2015/16: £460 million), an increase of 8% on a constant currency basis…
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