September 02, 2016 BY Mike Fox

VTB Group increases the number of RMB settlements by 70% in 1H 2016

With the developing relationship between China and Russia, it was announced today that leading Russian financial group - VTB Group (MCX:VTBR) is seeing considerable increase in the number of RMB operations. Specifically the bank saw 1H2016 vs. 1H2015 record an almost 70% increase in the number of RMB remittances processed, which accounted for more than 5,000 operations with the volume exceeding RMB 45bn.…

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September 02, 2016 BY Mike Fox

Moscow Exchange FX volumes dip 1.5% MoM to RUB 25.5 trln

Moscow Exchange (MOEX) announced trading volumes for August 2016. Total trading volumes increased by 14.3% YoY to RUB 72.0 trln. The Money Market and Bond Market posted the strongest growth, with volumes increasing 107.8% and 19.0% YoY, respectively. FX Market FX Market turnover was RUB 25.5 trln (August 2015: RUB 31.7 trln, July 2016: RUB. 25.9 trln),…

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September 02, 2016 BY LeapRate Staff

CME Group FX volumes down 13% MoM in August to lowest level in years

International derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that August 2016 average daily volume (ADV) reached 13.8 million contracts per day, down 15% from August 2015.  CME Group year-to-date 2016 ADV through August averaged 15.5 million contracts per day, up 9%.  Total open interest was 105 million contracts at the end of August, up 15%…

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September 02, 2016 BY LeapRate Staff

SkyFX and Capital Option shut down, CySEC appoints liquidator

LeapRate Exclusive... LeapRate has learned that Cyprus financial regulator CySEC has arranged for the appointment of a provisional liquidator for Trademarker (Cyprus) Ltd. Trademarker was an Israel-owned and operated CySEC-regulated brokerage group, which operated a number of Retail Forex and Binary Options brokerage brands, primarily SkyFX (at skyfx.com) and Capital Option (at capitaloption.com). CySEC had…

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September 02, 2016 BY Mike Fox

Spotware Systems announces new features in their September update of cTrader

Spotware Systems announced today the latest features included in the just released September 2016 update of cTrader for Windows as the company continues to deliver regular product updates to benefit traders. cTrader now includes another new functionality to join their roster of advanced trading options. The trigger side of Stop Orders (including Stop Loss) can…

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September 02, 2016 BY LeapRate Staff

24option and 24FX denied Russian Forex license by the Bank of Russia

LeapRate has learned that Retail Forex and Binary Options brokerage group Rodeler Limited has been rejected for a professional securities market participant license by the Bank of Russia. The license, had it been granted, would have allowed Rodeler to operate a retail forex dealer in Russian, serving Russian clients. Rodeler Limited, based in Cyprus and operated out…

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September 02, 2016 BY LeapRate Staff

Australian online broker CommSec hit with $700,000 ASIC fine

Australia financial regulator ASIC has announced that CommSec (Commonwealth Securities Limited (CommSec), one of Australia's largest online brokers, has paid a total penalty of AUD $700,000 to comply with two infringement notices given to it by ASIC's Markets Disciplinary Panel (MDP), and has voluntarily refunded $1.1 million in brokerage to more than 25,000 clients. The MDP had reasonable…

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September 02, 2016 BY LeapRate Staff

Swissquote adds hedging capabilities to its MT5 platforms

Leading Swiss online trading, banking and investment services provider Swissquote Group Holding SA (SWX:SQN) has announced that it has updated its MetaTrader 5 platforms to include the latest hedging features recently introduced by MetaQuotes. Hedging enables traders to have multiple positions per symbol, including oppositely directed ones, which allows more sophisticated trading strategies resulting in increased protection…

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