gain capital payments
December 09, 2016 BY LeapRate Staff

CEO of Gain Capital's ForeignExchange.com money transfer business Jeff Scott resigns

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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IG Group office
December 09, 2016 BY LeapRate Staff

IG Group issues statement on BaFin's CFD rule changes

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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December 09, 2016 BY admin

IQBroker launches new algo trading platform for equities, futures and forex traders

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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OpenMarkets ASIC license conditions
December 09, 2016 BY LeapRate Staff

ASIC imposes license condition on online broker OpenMarkets Australia

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 BaFin maintains restrictions on retail trading with financial CFDs
December 08, 2016 BY LeapRate Staff

Germany regulator BaFin requiring negative balance protection for CFD trading

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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December 08, 2016 BY admin

Canadian regulator MSC warns against unregulated Binary Options broker B4Binary

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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December 08, 2016 BY admin

Bats Europe adds XTX Markets as a member firm

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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December 08, 2016 BY Valentina Kirilova

INTL FCStone's Global Payments Division hires Francois Beau Yon de Jonage as Senior Vice President

INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd's Global Payments Division (GPD), has appointed François Beau Yon de Jonage as Senior Vice President. He joins the Company from Société Générale, where he served as Head of the firm's Global Exotic Currency Service. Mr. Beau Yon de Jonage is a…

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December 08, 2016 BY Valentina Kirilova

Hong Kong Brokers choose Fidessa for Shenzhen Connect

Fidessa Group plc (LSE: FDSA) has today announced that seventeen Hong Kong-based brokers have been using Fidessa for the Shenzhen-Hong Kong Stock Connect link since it went live on 5th December. Eva Fu, Product Marketing Manager at Fidessa, said the uptake of Fidessa’s Shenzhen-Hong Kong Stock Connect solution had been rapid due to the success…

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