forex industry news update
January 29, 2017 BY LeapRate Staff

Forex Industry Week Review: Saxo Bank layoffs, IG bans Binary Options traffic, IS Prime buys ThinkLiquidity , and lots more…

A little bit of everything in this past week's Forex Industry News at LeapRate: M&A activity, restructuring and layoffs, good and not-so-good financial reports from retail forex brokers... And the key stories you read about exclusively or first at LeapRate: Saxo Bank laying off 3% of its workforce, IG Group ending relationships with Binary Options…

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January 27, 2017 BY Valentina Kirilova

American Airlines Group profit descends

American Airlines Group Inc (NASDAQ:AAL), the No. 1 U.S. airline by passenger traffic, has reported quite a drop in profit. A year earlier the airline company recorded a $3 billion tax benefit. American Airlines Group Inc announced that its net income fell to $289 million, or 56 cents per share, in the fourth quarter ended December 31,…

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Mt. Gox trustee granted another delay for distribution plan for victims
January 27, 2017 BY Valentina Kirilova

Hong Kong brokers repeatedly attacked by hackers

Hong Kong's securities regulator SFC said brokers in the city had suffered cyber attacks and warned of possible further incidents across the industry, Reuters reported earlier today. Regulators in Hong Kong have been stepping up efforts over the past year to combat the growing menace of cyber attacks on companies. A survey in November showed…

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ESMA bond liquidity data
January 27, 2017 BY Valentina Kirilova

ESMA publishes new Q&A on alternative performance measures guidelines

The European Securities and Markets Authority (ESMA) has published a new Questions and Answers (Q&A) document, comprising six questions, on the implementation of its Guidelines on the Alternative Performance Measures for listed issuers. An alternative performance measure is a financial measure of historical or future financial performance, financial position, or cash flows, other than a…

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amf
January 27, 2017 BY Valentina Kirilova

AMF advises investors to close their Banc de Binary Ltd accounts

The Cyprus Securities and Exchange Commission (CySEC) has announced that Banc de Binary Ltd has decided to renounce its authorization a week ago. The company provides investment services through the website eu.bancdebinary.com. Under these circumstances, the AMF recommended that investors who have opened an account on this website immediately send a registered letter to Banc…

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January 27, 2017 BY Valentina Kirilova

BrokerTec Europe acquires Italy's e-MID SIM SpA

BrokerTec, NEX Group (LON:NXG)’s global electronic fixed income trading platform, announced today that it has agreed to acquire a controlling 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 is subject to certain conditions, including most importantly the…

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Australia
January 27, 2017 BY Valentina Kirilova

Australian banks look to head off competitors in eFX

Aussie banks are increasing their commitment to electronification, spurred on by aggressive competition from non-bank market makers – particularly for spot FX business The electronification of FX is of huge benefit to clients globally who need to deal in the Australian time zone. According to Euromoney, Vinay Trivedi, FlexTrade’s senior vice-president, strategic initiatives, suggested Australian banks…

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