Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has announced the appointment of the Hon. Sir Michael Burton and the Hon. Sir Andrew Smith as Judges to Abu Dhabi Global Market Courts (ADGM Courts). The new Judges bring to a total of eight the number of highly experienced and respected judges appointed…
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LeapRate Exclusive... LeapRate has learned that Forex ECN Hotspot FX, a unit of Bats Global Markets Inc (BATS:BATS), had its best day ever on the day after the US elections last week. Volumes at Hotspot FX, which average in the $25 billion per day range, hit a record $64.5 billion on Wednesday November 9. Post-US election…
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Shortly after reporting its drop of 46.8% OTC FX Trading Value MoM, GMO Click Holdings, Inc. (TYO:7177), the parent of Japanese online trading giant GMO Click Securities, has released its monthly preliminary report of consolidated operating revenue for October 2016. Operating revenue in October dropped down to ¥1,957 million with nearly 21% MoM. But still,…
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LCG has announced a four-year global partnership with one of the world’s leading sportsmen, Stan Wawrinka. LCG’s new Global Brand Ambassador, Stan Wawrinka, is currently ranked the No. 3 tennis player in the world. Wawrinka is a three-time Grand Slam tournament winner. He has also won a gold medal for Switzerland at the 2008 Olympics in…
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Singapore Exchange (SGX) is organising a roundtable with the National University of Singapore (NUS) Faculty of Law to discuss the feasibility of introducing the dual-class shares structure in the local market. The “Roundtable on Dual-Class Shares Structure and the Singapore Context” taking place today, 14 November 2016, is part of SGX’s process of gathering feedback…
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If you can’t join ‘em, serve ‘em. Online gaming technology company Playtech PLC (LON:PTEC), which was unsuccessful last year in its attempts to buy Retail Forex brokers AvaTrade and Plus500 Ltd (LON:PLUS), is once again attempting to increase its footprint in the FX world by agreeing to acquire institutional Forex player CFH Group for $120…
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Hong Kong Exchanges and Clearing Limited (HKEX) has decided to defer the rollout of the Volatility Control Mechanism (VCM) for the derivatives market scheduled for tomorrow, 14 November 2016, to a date to be announced after a potential technical issue was identified during its final rollout preparation. The potential technical issue is rare and specific…
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LeapRate Exclusive... LeapRate has learned that the new binary options industry association EUBOA held its third board meeting last week, this time in Israel. The first two EUBOA meetings, exclusively reported by LeapRate, took place in Cyprus. The EUBOA founders - which include some of the leading regulated binary options brokers and platform providers -…
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In a week which will surely be remembered among all traders as Trump Week, Forex Industry News at LeapRate was appropriately dominated by government and regulator related actions - a theme which we expect to continue in the coming weeks. And you read about it first (or exclusively) at LeapRate. LeapRate broke the news of…
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The UK Financial Conduct Authority (FCA) has put out details of the cloned firm UK Loans. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…
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