LeapRate Exclusive... LeapRate has learned via regulatory filings made in Switzerland and the UK that social trading and CFDs broker Ayondo has invested £850,000 (USD $1.1 million) more into its FCA regulated UK arm Ayondo Markets Limited. The move was made to help the support and provide additional capital to Ayondo Markets, which apparently is…
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DAX futures (JUNE 2017 contract is FDXM7, continuation contract is FDXc1) The market is consolidating as the initial slip back from the highs is now settling down. Technically the daily chart retains strong momentum, but still looks a touch stretched. The RSI is at 75 with the Stochastics just beginning to drift a touch lower…
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The Securities and Futures Commission (SFC) launched a two-month consultation on proposals to reduce and mitigate hacking risks associated with internet trading. The proposals incorporate new guidelines which set out baseline cybersecurity requirements for internet brokers to address hacking risks and vulnerabilities and to clarify expected standards of cybersecurity controls. Some of these requirements already…
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Bats, a CBOE Holdings, Inc. (NASDAQ:CBOE) company announced today that it is proposing to adopt a new, competitively priced alternative to the primary market closing auctions that take place at the end of the U.S. equities trading day, subject to regulatory approval. The creation of Bats Market Close (BMC), an end-of-day match process for non-Bats listed…
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Hong Kong Exchanges and Clearing Limited (HKEX) unveils its Qianhai commodity trading platform this week - a move that it hopes will firmly establish its presence in mainland China, Reuters reported earlier today. As the metals industry meets for LMEWeek Asia in the Chinese territory, the focus will be on the Hong Kong bourse's latest…
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Payments services company Paysafe Group Plc (LON:PAYS) has issued a brief update on its Q1-2017 results. While the statement (see full text below) was short on numbers and specifics, the company did state that it has been performing in line with management expectations, reiterating its FY 2017 guidance of low double-digit organic revenue growth, and to…
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UK based online brokerage house CMC Markets Plc (LON:CMCX) has put out a statement to the effect that it welcomes the new CFD regulation put in place by Germany financial regulator BaFin. BaFin finalized new, relatively mild, rules for Forex and CFD brokerage, basically requiring just negative balance protection for German traders. No limits were…
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ASIC has obtained an order which requires financial services business "Yes FS" to change how it deals with its clients until the trial of proceedings for alleged breaches of the Corporations Act and ASIC Act, including breaches of the 'best interests' obligation. The Federal Court made the order against three entities operating as the "Yes…
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Israel based crowdfunding company OurCrowd has announced the hiring of veteran investment banker Andy Kaye as its new President and Chief Institutional Officer. OurCrowd has two main arms - the one which invests in (mostly) tech startups, and the other which deals with the multitude of outside investors, now numbering more than 17,000. Mr. Kaye will…
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BackgroundMonday saw strong upside in USDCHF. Friday's minor upside was not only continued, but accelerated with gains of more than a big figure. This fresh demand took the currency pair aggressively through the 13 day and 200 day moving average area, and to the most positive levels traded for three weeks. The speed and scope…
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