Stax Inc. teams up with Coleman Research
January 05, 2017 BY LeapRate Staff

Forex broker trade data disclosure rules to be effective March 31: NFA

National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry, has announced that its new proposed rules regarding trade data disclosure around Forex transactions will become effective as of March 31, 2017. We had reported back in November that the NFA decided that more transparency was needed in retail forex transactions - in…

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sfc warning
January 05, 2017 BY Valentina Kirilova

Hong Kong SFC adds Ethtrade Limited to its alert list

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…

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January 05, 2017 BY Valentina Kirilova

USD/CNH futures volume rises to all-time high at HKEX

USD/CNH Futures, the US dollar/Offshore Renminbi (RMB) futures traded at Hong Kong Exchanges and Clearing Limited (HKEX), had record high volume of 20,338 contracts (US$2 billion in notional value) today and open interest is at an all-time high of 46,711 contracts (US$4.7 billion in notional value). Today's record, comprised of all-time high trading in last…

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January 05, 2017 BY Valentina Kirilova

Finance Magnates gets into the B2C retail trader info business by acquiring ForexLive

Live Analytics Inc, a provider of currency trading insights and analysis, has signed a definitive agreement under which Finance Magnates will acquire ForexLive.com. Michael Greenberg, Finance Magnates CEO, commented: Earning the trust of millions of traders makes ForexLive a perfect fit for us. ForexLive has proved to share our commitment to fast rate news, editorial…

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January 05, 2017 BY Valentina Kirilova

Former Falcon bank Singapore head charged over multibillion dollar 1MDB scandal

A Swiss bank executive in Singapore has become the first western national to face criminal prosecution over the suspected looting of billions of dollars from Malaysia’s 1MDB state investment fund, Financial Times reported earlier today. Jens Sturzenegger, former head of Falcon Private Bank’s Singapore branch, will plead guilty to some of a 16-count charge sheet…

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January 05, 2017 BY Valentina Kirilova

Fed minutes offer few clues as to next rate move

Last night's Fed minutes reinforced US policymaker expectations that we could well see multiple rate rises this year after last month’s rate rise, though officials remained cautious given the lack of clarity on the type of fiscal expansion that might be forthcoming in the coming months. In contrast to last year, this week’s data would…

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January 05, 2017 BY Valentina Kirilova

ICM Capital offers £1,000,000 insurance for FX and CFD traders

FCA regulated retail forex broker ICM Capital just announced it has enhanced its client-fund protection to cover £1,000,000. This new insurance is available to all ICM Capital live account holders at no additional cost and is underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London. The UK-headquartered broker is one of…

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sfc bans
January 05, 2017 BY Valentina Kirilova

SFC bans a former employee of Citibank (Hong Kong) Limited

The Securities and Futures Commission (SFC) has banned Mr Cheung Kwan Po, a former employee of Citibank (Hong Kong) Limited, from re-entering the industry for six months from 5 January 2017 to 4 July 2017. The SFC found that in August 2015, Cheung, when processing a client’s bond application, photocopied the client’s signature from her…

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