Jersey has recently become part of the geographical scope of the direct debit and credit transfer schemes of the Single Euro Payments Area (SEPA) administered by the European Payments Council. Banks in Jersey are now able to apply to join the SEPA schemes. However, participation in the SEPA schemes is not mandatory: whether to join…
Read moreSilicon Valley headquartered Fortex, a leading FX trading platform provider announced today that Jason Young has joined the firm and has been hired on as Executive Vice President and Head of Deliverable FX. Mr. Young has varied experience in the FX industry coming from Bank of Tokyo Mitsubishi in New York where he was a Vice…
Read moreFormer HSBC Holdings plc (ADR) (NYSE:HSBC) global head of foreign exchange cash trading Mark Johnson pleaded not guilty today in U.S. criminal court to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank's clients. Mark Johnson was arrested in July and became the first person to…
Read moreSmart Margin Watcher is designed to notify traders in advance of margin calls.
Read moreThe focus this week will be squarely on the monthly US nonfarm payrolls (NFP) figure.
Read moreForex broker FxGrow offers trading accounts to suit the needs of any trader, even those with most complex requirements and expectations. Today announced is the latest addition with their new ECN VIP Account, as an ideal solution especially for elite traders, who trade large volumes and look for more sophisticated account features. Each ECN VIP account holder can benefit…
Read moreSimilar to what it has done with the MT5 app for iOS, forex trading platform developer MetaQuotes has announced that the latest MetaTrader 4 for iPhone/iPad features a completely new design of messages. MQL5.community messages and push notifications from the desktop platform are now displayed on the MT4 app as chats, similar to those used in popular messaging…
Read moreHong Kong financial regulator SFC has issued a warning regarding Up & Down Marketing Limited, the parent company of binary options broker OneTwoTrade. OneTwoTrade operates from website onetwotrade.com and shows having addresses at Cobalt House, Level 2, Notabile Road, Mriehel, Birkirkara BKR 3000, Malta and 6 Thomas More Street, London, E1W 1 YW, United Kingdom. According…
Read moreIt was a very mixed bag of Forex Industry News this past week at LeapRate. Companies exiting business lines, companies entering business lines, M&A, new logos and brands... Our most popular guest posts this week dealt with two important questions: What is your Company’s Content Brand? by MediaGroup's Bart Burggraaf, and How much does downtime really…
Read moreASIC has made a new legislative instrument to replace three class orders on dollar disclosure that were due to expire (‘sunset’) on October 1, 2016 and April 1, 2017 respectively. The new legislative instrument is ASIC Corporations (Disclosure in Dollars) Instrument 2016/767. The instrument has the same effect as relief that ASIC had granted by…
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