This morning, the Reserve Bank of Australia (RBA) kept interest rates on hold at 1.5% which was in line with market expectations. The RBA sees an upswing in the global economy and foresees Australian economic growth to increase gradually at around 3% over the next couple of years, helped by rising in mining investment and…
Read more
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read more
Forex trading platform developer MetaQuotes just announced that has opened a representative office in Bulgaria. Metapenta Software Ltd will offer its services to regional brokers. The main tasks of MetaQuotes' office in Sofia are raising the offered services to a qualitatively new level as well as attracting brokers and financial organizations from the neighboring Balkan…
Read more
Leading Australia-based retail forex broker Pepperstone has announced a series of margin / leverage changes for its trading clients, which will take effect later this week ahead of next Sunday's second round of voting to select a new President in France. According to Pepperstone, the election will be a major test for the European Union…
Read more
UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Williams & Chase Associates. Williams & Chase Associates is not authorised by the FCA but has been targeting people in the UK and is also carrying…
Read more
LeapRate Exclusive Interview... It hasn't been easy running a Retail Forex brokerage lately. Regulatory changes, technology which is constantly changing, ever increasing competition... Continuing our series of discussions with various industry leaders, we are pleased to present our recent conversation with Olga Rybalkina, CEO of CySEC regulated FXTM. Olga has quite a lot to say…
Read more
TriOptima, a NEX Group (LON:NXG) business which lowers costs and mitigates risk in OTC derivatives markets, announced today that it has added MVA (margin valuation adjustment) analytics to its triCalculate XVA (X-Value Adjustment) service. MVA calculations determine the lifetime costs of posting initial margin as part of the pricing of an OTC derivative. TriOptima is…
Read more
Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read more
LeapRate Exclusive... It looks like the folks at CySEC have been busy. And, despite CySEC's introduction late last year of more strict rules governing the operations of retail forex brokers - e.g. no bonuses, limited leverage, call center location... - the desire for brokers to become licensed in the EU via Cyprus remains in high…
Read more
Broadridge Financial Solutions, Inc. (NYSE:BR) announced that it has appointed Eric Bernstein as President of Broadridge Investment Management Solutions. Broadridge Investment Management Solutions supports more than 225 global hedge funds, asset managers, family offices, fund administrators and prime brokers. Its modular suite of investment management solutions combines portfolio management, order management, risk management, reference data…
Read more