September 22, 2016 BY Mike Fox

Vipro Markets adds MAM accounts with MetaFX

CySEC regulated Forex broker Vipro Markets today announced it added Multi-Account Manager (MAM) powered by software technology company MetaFX. The Multi-Account Manager is an innovative software that allows professional traders to efficiently run and manage multiple client accounts from a single trading terminal. MetaFX was founded in 2005 providing innovative solutions to brokers, including the development of…

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September 21, 2016 BY Mike Fox

Chinese RMB gets first clearing bank in the US

The People's Bank of China (PBOC), China’s central bank announced today it authorized Bank of China's (BOC's) New York branch to provide Renminbi (RMB) clearing services in the United States.  It is the first time for China to set up an RMB clearing bank in the United States. The decision was made according to a…

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September 21, 2016 BY Mike Fox

Hong Kong regulator investigating brokers for AML shortfalls

Hong Kong's Securities and Futures Commission’s (SFC) Enforcement Division announced they are investigating a number of cases of SFC licensed brokerages with suspected inadequate anti-money laundering (AML) internal controls and it expects to bring a number of enforcement proceedings as a result. The SFC wants to draw the attention of licensees that they are expected…

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September 21, 2016 BY LeapRate Staff

ThinkMarkets renews £1 million insurance protection for Retail Forex and CFD traders

FCA regulated retail forex and CFD broker ThinkMarkets has announced the renewal of their £1 million additional customer insurance protection. The industry standard requires all FCA regulated brokers to offer their clients a minimum of £50,000 in accordance with the Financial Services Compensation Scheme (FSCS). ThinkMarkets have committed to renew their additional offer of £1 million protection…

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September 21, 2016 BY LeapRate Staff

Moscow Exchange's NSD becomes first SWIFT Service Bureau to secure Premier Status in Eastern Europe

SWIFT has assigned the Premier certification status to the Service Bureau of National Settlement Depository (NSD), Russia’s central securities depository. NSD’s Service Bureau has become the first bureau to receive this status in Eastern Europe. Compliance with Premier status requirements lets NSD guarantee its clients the maximum level of safety and reliability when using NSD…

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September 20, 2016 BY Mike Fox

Sam Ruiz leaves his Non Executive Director post at ADS Securities London

LeapRate learned today that financial industry veteran Mr. Samuel John Ruiz has been officially terminated from his position as Non Executive Director of Forex brokerage ADS Securities London. Mr. Ruiz served on the board from February 2015 to September 2016. According to his Linkedin profile Mr. Ruiz has a new important gig taking up most…

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