Taking advantage of the recent steep price drop in Plus500 Ltd (LON:PLUS) shares, UK investment manager Odey Asset Management LLP has continued to build its stake in the CFD broker. LeapRate has learned via regulatory filings that Odey acquired another 1.29 million Plus500 shares on Wednesday, spending about £4.8 million (USD $6.1 million) and accounting for…
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The Securities and Exchange Commission (SEC) announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches that strengthened the Division’s investigative and litigation practices and enhanced its effectiveness and impact. Under his…
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The Administrative Appeals Tribunal (AAT) has affirmed the ASIC decisions to permanently ban former Perth-based finance broker Mr Grant Aaron Parker from engaging in credit activities and providing financial services. In affirming the ASIC decisions, the AAT found that a permanent banning order of Mr Parker was appropriate as he had intentionally misled his clients,…
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LeapRate Exclusive... LeapRate has learned that Jeff Scott, until recently the COO of Gain Capital Holdings Inc (NYSE:GCAP), has left the company. Mr. Scott has resigned his relatively new position as CEO of Gain's recently-launched ForeignExchange.com money transfer business. Jeff Scott had been COO of Gain Capital, and the #2 executive to co-founder and longtime Gain Capital…
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UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to yesterday's new directives from German financial regulator BaFin on CFD trading. The IG press release on the matter reads as follow: 08 December 2016 IG GROUP HOLDINGS PLC Response to BaFin Announcement regarding CFDs IG Group ("IG", "the Company"), a global leader…
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Las Vegas-based IQBroker LLC has announced the launch of IQBroker, its unique algorithmic trading platform for equities, futures and forex traders. During beta testing IQBroker will be available for free to everyone. After the beta testing period IQBroker will offer a free Community Edition for advanced charting, portfolio backtesting and trade simulation, as well as…
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Australia financial regulator ASIC has announced that it has imposed additional conditions on the Australian financial services licence of online broker OpenMarkets Australia Limited. This action follows surveillance activities which identified concerns in OpenMarkets: arrangements for identifying and preventing potential market misconduct (for example, inadequate automated filters in its automated order processing (AOP) systems and…
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Germany's financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (or just 'BaFin') has announced new regulations governing leveraged CFD trading. BaFin's actions come just two days after UK regulator the FCA dropped a bombshell by proposing new rules limiting leverage on Forex and CFDs to 50x, and banning bonus payment inducements to retail traders. The FCA's actions sent…
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Another warning against a binary options broker targeting traders in Canada has been issued today by Canadian securities regulator The Manitoba Securities Commission (MSC). The MSC has issued a warning to investors regarding B4Binary, operating from website b4binary.com. If this sounds familiar, it is because last month fellow Canadian provincial regulator, The Ontario Securities Commission (OSC)…
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XTX Markets, a leading electronic trading firm providing liquidity in equity, derivatives, FX and commodity markets, today announced that it has become a member firm of Bats Europe. XTX will continue to be a market partner and liquidity provider on Bats Europe and the partnership is a continuation of XTX’s expansion on exchanges. This is…
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