December 21, 2016 BY Valentina Kirilova

Spot FX problems lead to sanctions on Australian banks NAB and CBA

ASIC has today accepted enforceable undertakings (EUs) from each of the National Australia Bank Limited (NAB) and the Commonwealth Bank of Australia (CBA) in relation to the banks’ wholesale spot foreign exchange (FX) businesses. As a result of ASIC’s investigation, ASIC is concerned that between 1 January 2008 and 30 June 2013, both banks failed…

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cftc penalty
December 21, 2016 BY admin

Chicago man and 3Red Trading penalized $2.5M for spoofing and manipulation while trading futures

The U.S. Commodity Futures Trading Commission (CFTC) today announced that Judge Amy J. St. Eve of the U.S. District Court for the Northern District of Illinois entered a Consent Order of Permanent Injunction (Order) against Defendants Igor B. Oystacher and his proprietary trading company, 3Red Trading LLC (3Red), both of Chicago, Illinois, finding that the Defendants engaged in a…

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December 20, 2016 BY admin

CFTC charges Arizona man in connection with $1.5M forex trading ponzi-style scheme

The U.S. Commodity Futures Trading Commission (CFTC) filed a civil anti-fraud enforcement action in the U.S. District Court for the District of Arizona, charging Defendants Derek Springfield and his company, Draven, LLC (Draven), both of Mesa, Arizona, with engaging in fraudulent sales practices, providing false account statements to commodity pool participants, and misappropriating pool participants’ funds. In its Complaint,…

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December 20, 2016 BY admin

BGC Partners completes acquisition of Sunrise Brokers

BGC Partners, Inc. (NASDAQ: BGCP) a global brokerage company servicing the financial and real estate markets, today announced that it has officially completed the acquisition of the businesses of Sunrise Broker Group. The deal was first announced back in July of this year. Sunrise Brokers is an independent financial brokerage with a reputation in worldwide equity derivatives.…

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December 20, 2016 BY admin

Exness extends offering for unlimited leverage trading accounts

Regulated forex broker Exness today announced developments which will substantially improve client trading and allow more freedom and flexibility to apply their trading strategies without hindrances and limitations. Exness currently offers unlimited leverage to clients on Cent, Mini and Classic accounts, from Monday 00:00 GMT to Thursday 23:59 GMT. As of Sunday, December 25th for…

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December 20, 2016 BY admin

Forex broker Tickmill unveils Polish language website

Forex broker Tickmill today announced the launch of a new Polish language website to support its increasing client base and demand for trading services in Poland. The launch of the Polish website follows Tickmill’s acquisition of the UK Financial Conduct Authority license last month, which provided a European base for the company. The firm also holds…

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December 20, 2016 BY admin

David Clark appointed to board of Thomson Reuters Benchmark Services

Thomson Reuters officially announced today that David Clark has been appointed as an independent non-executive director to the board of Thomson Reuters Benchmark Services Limited (TRBSL), the body which manages governance and control of the Thomson Reuters family of financial benchmarks. As a company authorized by the Financial Conduct Authority, TRBSL is responsible for ensuring…

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December 20, 2016 BY admin

Otkritie Capital becomes individual clearing member on Moscow Exchange Forex Market

Otkritie Capital International Ltd (OCIL), a UK-based, FCA-regulated prime-broker operating across global financial markets has become the first international broker admitted to individual clearing membership on Moscow Exchange. The company will clear and settle trades executed by authorized trading members on behalf of OCIL and its clients. Grigoriy Kozin, Head of Prime Services at Otkritie Capital,…

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December 20, 2016 BY LeapRate Staff

Cryptocurrency exchange and cloud mining services company Coinspace receives MFSA warning

Malta financial regulator MFSA has issued a warning regarding cryptocurrency exchange and cloud mining services company Coinspace Ltd, operating from website coinspace.eu. The MFSA has become aware that the Malta registered company Coinspace Ltd with registered office at Mariah Building, Industrial Estate, Triq Il-Kappar, Mosta, Malta, is offering a range of services related to crypto-currencies, including…

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