April 03, 2017 BY LeapRate Staff

New Zealand to require Spot Forex, CFD and Binary Options brokers to obtain a Derivatives License

New Zealand financial regulator The Financial Markets Authority (FMA) has issued a statement today confirming that it plans to require all brokers offering spot forex, CFD and binary options trading to obtain a derivatives license in the country. Until now, all 'short-term' derivatives trading was exempt from FMA licensing. The move, marking a change in…

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cssf warning
April 03, 2017 BY Valentina Kirilova

Luxembourg regulator CSSF suspends financial instruments issued by Novo Banco S.A. and NB Finance Ltd

Following a request of Banco de Portugal, acting as the national resolution authority of Portugal, the Commission de Surveillance du Secteur Financier (CSSF) has requested the suspension of the financial instruments issued by Novo Banco S.A. and NB Finance Ltd. These financial instruments are to be suspended from trading on the regulated market of the…

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April 03, 2017 BY Valentina Kirilova

AAT affirms ASIC’s banning of former client adviser

The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to ban Mr Ryan Batros from providing financial services for five years. The banning follows an ASIC investigation into Mr Batros’ conduct on 25 and 26 August 2014 in placing 'execution only' orders on the ASX that he had received from clients to sell shares and…

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April 03, 2017 BY Valentina Kirilova

TFX Click 365 March volumes change direction, up 12.3% MoM

Like GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), the Tokyo Financial Exchange (TFX) just announced its March volumes and, considering the low start of the year, numbers are finally going up for them. The trading volume of Three-month Euroyen futures was 266,249 (+175.5% MoM / +4.7% YoY) and…

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GTX forex volumes
April 03, 2017 BY LeapRate Staff

GTX sees record forex ECN volumes in March, up 23% MoM

GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that March trading volumes in its system increased nicely from what was a fairly quiet February. 2017 started off extremely strong at GTX, with record ECN / SEF volumes of $12.1 billion ADV in January. However trading activity cooled…

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April 03, 2017 BY Valentina Kirilova

FCA proposes new rules for credit card firms

The Financial Conduct Authority (FCA) proposed new rules to help customers who are in persistent credit card debt. This follows the FCA’s study of the UK credit card market, which found significant concerns about the scale, extent and nature of problem credit card debt. Under the FCA’s definition, credit card customers are in persistent debt…

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forex industry news update
April 02, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary Options brokers leave Cyprus, IKON transfer to Hantec, Australia client money rules, and lots more…

It was another very busy and exciting week of Forex Industry News, with all the key stories appearing first or exclusively at LeapRate. Forex and Binary Options brokers suspended in Cyprus and the UK, key executive moves, new law passed (in Australia) for handling retail client money, results from key brokers - this past week…

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March 31, 2017 BY LeapRate Staff

Binary Options brokers leaving Cyprus: Leadtrade, TTCM, ProOptions and Dragon Options licenses suspended

Cyprus financial regulator CySEC has announced late Friday that it has suspended the licenses of four CIF-licensed brokerage groups. CySEC has suspended the licenses of: Leadtrade Ltd, which operates the TopOption, Prestige Option, Excellence Option and Platinium Option binary options brokerage brands, TTCM Traders Trust Capital Markets Ltd, which operates TradersTrust, Gametech (Cyprus) Ltd, which…

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