September 20, 2016 BY Mike Fox

London Capital Group chooses SSE Enterprise telecoms for network resilience

SSE Enterprise Telecoms – the UK’s leading provider of network infrastructure and data centre services, and part of the SSE group – today announced that it is providing leading online financial trading company, London Capital Group Holdings plc (LON: LCG), with ultra-resilient connectivity from its head office in Knightsbridge, London, to its two mission-critical data…

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September 20, 2016 BY Mike Fox

Rakuten Securities HK launches new trading platform

Rakuten Securities Hong Kong Limited (Rakuten Securities HK) announced today Rakuten FX, a brand new forex account service for clients to trade through a proprietary trading platform. With the introduction of Rakuten FX, Rakuten is looking to affirm their leading position among online forex brokers in Hong Kong. "After the successful rebranding of Rakuten Securities…

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September 20, 2016 BY Mike Fox

Banks partner with R3 and Axoni to explore blockchain for financial data

Seven buy-side and sell side firms, including AB (Alliance Bernstein), Citi, Credit Suisse and HSBC, have collaborated with financial innovation companies R3 and Axoni to explore how blockchain technology could simplify reference data processes. The group, working with R3 and Axoni through the Securities Industry and Financial Markets Association (SIFMA), recently completed a multi-month proof…

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September 20, 2016 BY Mike Fox

Key2Options Partners with Tradier Brokerage

Backtesting and trading strategy platform Key2Options announced its integration with Tradier Brokerage, the cloud-based financial services company. The partnership allows Key2Options customers to make an unlimited amount stock and options trades without fees and commissions. "Key2Options was started on the basis of two fundamental beliefs. We wanted to create simplicity and value," said, Ashok Yarlagadda, CEO…

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September 20, 2016 BY LeapRate Staff

UK bankruptcy law flaw preventing Alpari UK administrator KPMG from distributing more funds - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that Alpari UK bankruptcy administrator KPMG is unable to make final distributions to former clients of the failed retail forex broker without further court consent, due to a gap in UK bankruptcy rules. FCA-regulated Alpari UK went belly up immediately following the surprise Swiss Franc spike of January 15, 2015 -…

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September 20, 2016 BY LeapRate Staff

CFTC fines Russian banking giant VTB $5 million for fictitious FX trades

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against units of St. Petersburg, Russia based banking giant VTB - JSC VTB Bank (VTB) and VTB Capital PLC - for executing fictitious and noncompetitive block trades in Russian Ruble/U.S. Dollar (RUB/USD) futures contracts, which were cleared through the Chicago…

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September 20, 2016 BY LeapRate Staff

Canadian regulator BCSC warns against Binary Options broker Binary Uno

Continuing its string of warnings against forex and binary options brokers targeting traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding Binary Uno, operated by DOM Technology Services Ltd., at website binaryuno.com. According to the BCSC, Binary Uno claims to be based in London, England, and offers…

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September 20, 2016 BY LeapRate Staff

TradeFXP showing fake securities license: Belize regulator IFSC

Belize financial regulator the International Financial Services Commission (IFSC) has issued a warning against retail forex broker TradeFXP, operating from website tradefxp.com. According to the IFSC, TradeFXP shows on its website that it is holds a securities license from the IFSC, which apparently it does not. According to the IFSC, what is being displayed by TradeFXP…

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