Hotspot FX celebrates first month under CBOE with 10% volume bump in March to $29.7 billion ADV LeapRate

April 02, 2017 BY LeapRate Staff

Hotspot FX celebrates first month under CBOE with 10% volume bump in March to $29.7 billion ADV

Institutional Forex ECN Hotspot FX has reported that March trading volumes increased by 10% MoM over February, clocking in at $29.7 billion average daily volume for the month. That also makes March Hotspot's second-best volumes month over the past year-plus, behind only November 2016's $30.4 billion, which was driven by high market volatility around the…

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…

March 31, 2017 BY Valentina Kirilova

FCA warns against Paydayloan firm

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 G R Ranking Limited / Paydayloan. G R Ranking Limited / Paydayloan is not authorised by the FCA but has been targeting people in the UK…

ESMA ceases renewal of product intervention CFDs measures

March 31, 2017 BY Valentina Kirilova

MIFID II: ESMA issues final specifications for non-equity tape

The European Securities and Markets Authority (ESMA) has issued today regulatory technical standards (RTS) specifying the scope of the consolidated tape for bonds, structured finance products, emission allowances and derivatives. The Markets in Financial Instruments Directive (MiFID II) introduces the concept of consolidated tape providers (CTPs). CTPs will collect post-trade information published by trading venues…

March 31, 2017 BY Valentina Kirilova

FCA publishes near final rules on MiFID II

The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include changes to the trading of financial instruments including issues affecting trading venues, transparency of trading and algorithmic and high frequency trading. The FCA is also providing an update on the…

March 31, 2017 BY Valentina Kirilova

ESMA updates Q&A on CFDs and other speculative products

The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients, such as binary options and rolling…

March 31, 2017 BY Valentina Kirilova

HKEX launches director training webcasts

The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today launched the first of its director training webcasts entitled "Duties of directors and the role and functions of board committees". The first webcast, which followed from the Exchange's news release dated 9 December 2016 that said…

March 31, 2017 BY Valentina Kirilova

UK Bond Network launches Innovative Finance ISA

FCA-authorised UK Bond Network (UKBN), the alternative finance provider that specialises in structuring and distributing investment opportunities in secured corporate bonds, has launched its Innovative Finance ISA (IFISA) following regulatory approval. UK Bond Network is among the few peer-to-peer platforms to have been approved to date and has partnered with Goji, a specialist builder of P2P…

March 31, 2017 BY Valentina Kirilova

BrokerTec Europe completes e-MID SIM SpA acquisition

BrokerTec, NEX Group (LON:NXG)’s global electronic fixed income trading platform, announced today that following Bank of Italy approval it has completed the transaction to acquire a majority stake in e-MID SIM SpA (e-MID), the first Italian electronic central limit order book (CLOB) platform for interbank deposits and Overnight Indexed Swaps (OIS). The transaction offers BrokerTec…

March 31, 2017 BY Valentina Kirilova

Latest MetaTrader 5 iOS with history of positions

Forex trading platform developer MetaQuotes just announced that the latest version of MetaTrader 5 for iPhone and iPad is now available on the App Store. The main innovation of the build — trading history can now be presented in the form of positions. Previously, the History tab contained only orders and deals. Now, it features…