November 01, 2016 BY LeapRate Staff

Hotspot FX volumes fall 11% MoM in October to $25.3 billion ADV

Forex ECN Hotspot FX has published October trading volumes, showing a decline from September's improved results. October volumes at Hotspot FX came in at $25.3 billion (average daily volumes), 11% below September's $28.3 billion. Earlier this year Hotspot was seeing volumes even higher, steadily above $30 billion ADV. Hotspot FX parent company Bats Global Markets Inc…

Read more
November 01, 2016 BY LeapRate Staff

Bitcoin back up above $700 - this time to stay?

Bitcoin prices have been on a three month tear since early August, trading from the mid-$500's up to above $700. As at the time of writing, the USDBTC pair was at $704, marking the first time Bitcoin has been above $700 since mid June. Ignoring the aforementioned June price spike around the time of the…

Read more
October 31, 2016 BY Valentina Kirilova

CLS welcomes promotion of PvP settlement in FSA's

With the heightened focus on regulation, growing cross-border investment and reducing securities trade settlement cycles globally, provider of risk mitigation and operational services for the global FX market ClS has welcomed the initiative by the Financial Services Agency (FSA) to promote payment-versus-payment (PvP) settlement to mitigate settlement risk. This reaffirms Japan's commitment to strengthening settlement…

Read more
October 31, 2016 BY Valentina Kirilova

Wall Street's blackest hours: Black Monday revisited

Lessons From 29 Years of Market History 29 years ago this month the world equity markets experienced a meltdown that became known as Black Monday (or Black Tuesday in Asian time zones). On October 19, the Dow Jones Industrial Average plunged 23%, which happened to be its largest-ever one-day percentage decline. As equity and bond…

Read more
October 31, 2016 BY Valentina Kirilova

New on MOEX Equity & Bond Market

Moscow Exchange (MOEX) has announced that from 31 October 2016, any Russian federal government bond (OFZ) being offered at the auction on the primary market will be available for trading in all other trading regimes at the same time. When OFZs were previously offered at the auction on the primary market, trading in the OFZ…

Read more
October 31, 2016 BY Valentina Kirilova

FCA warns on clone firm of UK Fast Finance

The UK Financial Conduct Authority has put out details of the cloned firm UK Fast Finance. 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…

Read more
October 31, 2016 BY Valentina Kirilova

Starfish FX loses Cyprus CySEC license

The Cyprus Securities and Exchange Commission (CySEC) has announced that, on 30th September 2016, the CIF Starfish Markets (CY) Ltd lost its authorization with number 286/15. The company (formally named Starfish Markets) had received a CySEC license back in December, but never activated it. Starfish Markets is a registered New Zealand company controlled by Malaysian national…

Read more