August 31, 2016 BY LeapRate Staff

ASIC four-year plan reveals new surveillance study of Forex, CFD and binary options providers

Not many institutions, corporate or government, come out with serious multi-year plans. However Australia financial regulator ASIC has done just that. With increased government funding in tow, ASIC has come out with a fairly ambitious multi-year plan aimed at further reforming the Australian financial scene. Specifically, ASIC plans to use the additional funding support announced…

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August 31, 2016 BY Mike Fox

Brokerage API provider Tradier moves its trade execution to Apex Clearing

Tradier, Inc., a next generation brokerage solution that provides a bundled API for platform providers and developers, today officially announced that it successfully migrated its core equity and options clearing relationship to Apex Clearing Corporation. The partnership was first unveiled back in late July and early August. This relationship is expected to serve the overall needs…

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August 30, 2016 BY LeapRate Staff

SEC Whistleblower program tops $100 million in awards following second largest ever $22M payment

It is clear that US securities industry regulator the Securities and Exchange Commission (SEC) is pleased with its Whistleblower program. While bureaucratic / government offices seldom put out puffery-like press releases, the SEC is clearly heavily marketing its Whistleblower program and enticing future potential tattle-tellers by dangling the very large carrot of multi million dollar…

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August 30, 2016 BY LeapRate Staff

Are Binary Options brokers running out of options?

This article was written by Yael Warman, Content Manager at Leverate. That the binary option market suffers from a terrible reputation is a well-worn story, however, what is less well-known is that the industry is adapting, finding new markets and sustaining the damage wrought upon them by the unrelenting bad press. No doubt, smaller brokers…

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August 30, 2016 BY LeapRate Staff

Playtech exits Binary Options business, TopOption brand sold to OptionsClick - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that online gaming giant Playtech PLC (LON:PTEC) has made a decision to exit the binary options brokerage business. The company's binary options brand, TopOption, was sold effective August 7 to Leadtrade Ltd, an Israeli run and CySEC licensed company which operates several other binary options brokerage brands including OptionsClick (optionsclick.com), Prestige Option (prestigeoption.com),…

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August 30, 2016 BY LeapRate Staff

Invast promotes Jon Leung and James Alexander to boost its PurePrime FX institutional services

Invast Global, the ASIC-regulated Australian-based offshoot of leading Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), has promoted two C-level executives with an eye to further expanding its FX prime services offering, PurePrime. Joining Invast CEO Gavin White at the top management table will be Jon Leung and James Alexander. White, Leung and Alexander know each other…

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August 30, 2016 BY LeapRate Staff

Australia's ASIC comes out in favour of digital Robo Advice for retail investors, issues guidelines

Australia financial regulator ASIC has released guidance on regulating digital advice to retail investors and traders. Digital advice (also known as ‘robo-advice’ or ‘automated advice’) is the provision of automated financial product advice using algorithms and technology and without the direct involvement of a human adviser. It can comprise general or personal advice, and range from advice that is…

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