SEC charges two New Jersey-based traders in $26 million stock manipulation scheme LeapRate

December 12, 2016 BY admin

SEC charges two New Jersey-based traders in $26 million stock manipulation scheme

The Securities and Exchange Commission today charged two New Jersey-based traders with manipulating more than 2,000 NYSE- and NASDAQ-traded stocks and reaping more than $26 million in profits from their successful trades. The SEC alleges that Joseph Taub and Elazar Shmalo utilized dozens of accounts at various brokerage firms to carry out their scheme undetected,…

December 12, 2016 BY admin

CLS November Forex settlement volume up 15% MoM

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for November 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,167,833, up 15% from 1,015,928 in October 2016. The average daily input value submitted to CLS was $USD 4.99 trillion,…

December 12, 2016 BY LeapRate Staff

Gain Capital November retail forex volumes pop 35% to $257 billion

Gain Capital Holdings Inc (NYSE:GCAP), which operates the retail Forex.com and institutional GTX eFX brands, has announced very healthy trading volumes for the month of November. We had already reported that GTX had its best ever month in November, with volumes topping $14.3 billion ADV, thanks in part to the surprise US election result and the…

December 12, 2016 BY Valentina Kirilova

Deutsche Börse launches Xetra Quote Request for large ETF orders

Deutsche Börse has just annouced that has launched the Xetra Quote Request which allows for an optimised on-exchange execution of large-sized ETF and ETP orders. It enables users to send quote requests to all registered Designated Sponsors of a selected ETF or ETP and to enter orders for execution against both resting orders and updated…

December 12, 2016 BY admin

Linedata’s order management system integrates with Integral's InvestorFX

Integral, the FX technology partner used by banks, brokers, and investment managers to design, deliver and grow their FX businesses and Linedata, the global solutions provider dedicated to the investment management and credit industries, today announced the integration of Linedata’s Order Management System (OMS) powered by Longview, with Integral’s InvestorFX. Linedata’s advanced OMS solution delivers an…

December 12, 2016 BY Valentina Kirilova

Bloomberg Tradebook enhances cross-asset trading platform to enable relative trading

Bloomberg Tradebook, Bloomberg's global agency brokerage business, has just announced the release of its Relative Benchmark Trading algorithm for its cross-asset trading platform, PAIR {PAIR}. This enhancement gives Bloomberg Tradebook clients the ability to dynamically trade one security relative to a set benchmark, helping traders generate alpha, reduce the costs of trading and better manage…

December 12, 2016 BY Valentina Kirilova

Nasdaq Nordic launches auction on demand

Nasdaq (Nasdaq: NDAQ) just announced that it will launch an innovative new market feature, Auction on Demand, on June 7, 2017. This service is designed to fulfill MIFID II transparency requirements for the periodic auction trading model, while offering Nasdaq’s trading clients a regulated and highly advanced alternative to Over the Counter and darkpool trading.…

December 12, 2016 BY Valentina Kirilova

Italy regulator CONSOB warns on three new brokers

Italy’s financial markets regulator National Commission for Companies and the Stock Exchange (CONSOB) has issued a public warning against three new forex brokers. The names can be seen below: Recyclix Sp. Z.o.o. Pel Ltd e Kakao Ltd Lm Swiss Group Ltd The Italian regulator noted that has adopted a measure prohibiting the offering to the…

December 12, 2016 BY LeapRate Staff

How to improve customer retention

The success and failure of a forex brokerage often come down to those things that a company is able to do well. Retention has to be one of those things done well. Yael Warman from Leverate explains... Whilst sales conversions are often the focus due to the cost of leads and the profit potential in…

December 12, 2016 BY Valentina Kirilova

Hong Kong SFC adds AWDH Trading 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…