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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September 19, 2016 BY LeapRate Staff

Fortex 6 WebTrader platform launched with enhanced high frequency trading capabilities

Trading platform provider Fortex has announced the launch of its new Fortex 6 WebTrader, bringing high speed, secure trading directly to individual traders. The Fortex 6 WebTrader is a streaming app that connects individual traders directly to the FX markets, featuring high-frequency, low-latency trading capabilities with sub-millisecond round-trip trade times through the Fortex platform. Fortex trading platforms are…

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September 19, 2016 BY Mike Fox

ICE Clear Europe approved for EMIR authorisation

Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that the Bank of England has authorised ICE Clear Europe as a central counterparty (CCP) in accordance with the European Market Infrastructure Regulation (EMIR). In order to be authorised, ICE Clear Europe has…

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September 19, 2016 BY Mike Fox

Southampton FC backs out of Banc de Binary sponsorship

As pressure mounts on unregulated and improperly regulated binary options firms from well documented public outcry, we learned over the weekend that Premier League squad Southampton FC has backed out of a recently signed marketing deal with binary broker Banc de Binary. Banc de Binary in the past has been fined upwards of $11m from…

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September 19, 2016 BY Mike Fox

Capital Index launches Capital Index China as it looks to Asia

FCA regulated Capital Index is pleased to announce the launch of its dedicated Capital Index China website as the next step in its planned international expansion as business growth continues. On the launch of Capital Index China, Robert Woolfe, Chief Executive of Capital Index commented: “China has long been a market that we identified as…

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