May 27, 2016 BY LeapRate Staff

Monex's UK arm Valutrades grows revenues in 2015 but continues to lose money

FCA regulated retail forex broker Valutrades Limited has filed its 2015 financial statements and report, indicating that the company's business grew nicely during the year, and the company lost less money than the previous year. Valutrades is the FCA regulated arm of Indonesia-based Monex Investindo Futures, controlled by Indonesian entrepreneur Anil Bahirwani. Monex set up Valutrades…

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May 27, 2016 BY Mike Fox

RoboForex now offers MetaTrader 5 hedge accounts

CySEC and Belize IFSC regulated RoboForex just informed clients about the opportunity to register MetaTrader 5 based (MT5) hedge accounts, which allow you to open multiple positions in the same instrument, including oppositely directed ones. You can use the locking option, which is familiar from the MetaTrader 4 terminal, but now available in the recently updated more powerful and…

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May 27, 2016 BY LeapRate Staff

The hype of fully integrated Forex broker solutions: What lies beneath

Valentine Piotrovich, Head of Sales at MT4 technologies provider Takeprofit Technology, takes a look at the pros and cons of fully integrated forex broker platform solutions. Takeprofit’s products include A and B-book risk management solutions, the Klondike liquidity bridge, and the Ashira automated dealer anti-cheating defense. Takeprofit’s clients have included Forex brokerages and white-label solution providers such as…

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May 27, 2016 BY LeapRate Staff

CFTC fines Cypress Wealth Management Group $530,000 for off-exchange transaction involving retail traders

The U.S. Commodity Futures Trading Commission (CFTC) has filed an Order instituting proceedings and settling charges against Cypress Wealth Management, Inc. and its former owners and operators, Ted L. Romeo of Pompano Beach, Florida, and Richard D. Schrutt of Tampa, Florida. The CFTC Order charged illegally offering off-exchange financed transactions in precious metals to retail…

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May 27, 2016 BY LeapRate Staff

Gain Capital, FlexTrade and Tera Group subs recognized as Swap Execution Facilities (SEFs)

U.S. futures industry regulator the Commodity Futures Trading Commission (CFTC) has announced that it has issued Orders of Registration to three Swap Execution Facilities (SEFs), granting them fully registered status with the CFTC. The SEFs approved for registration are: GTX SEF, LLC (GTX) of Bedminster, N.J., TeraExchange, LLC (Tera) of Summit, N.J., and FTSEF LLC…

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May 27, 2016 BY LeapRate Staff

CME Group given Recognized Clearing House status by the Monetary Authority of Singapore (MAS)

Derivatives marketplace CME Group Inc (NASDAQ:CME) has announced that it has been formally granted the status of Recognized Clearing House (RCH) by the Monetary Authority of Singapore (MAS) with effect from May 18, 2016. With this status, the clearing house division of Chicago Mercantile Exchange Inc., CME Clearing, is now able to sign up direct clearing members from Singapore for…

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May 26, 2016 BY LeapRate Staff

IG Group partners with James Hay to launch self-invested personal pensions (SIPPs)

Leading UK financial spreadbetting broker IG Group Holdings plc (LON:IGG) has announced the launch of a self-invested personal pension (SIPPs) offering, in partnership with pensions provider James Hay. An IG SIPP provides investors with access to thousands of domestic and international shares and ETFs, offered via IG's execution-only share dealing service. All SIPP eligible markets on…

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May 26, 2016 BY LeapRate Staff

Tradeview Markets unveils new On-Exchange Equity Trading division

Cayman Islands based offshore Forex and CFDs broker Tradeview Markets has announced its decision to offer international traders new stock rates amongst the lowest within the industry. Some of the pricing available will be: fifty cents per trade for 1000 shares, opportunities to earn rebates when you add liquidity, and accessibility to top-of-the-line software, Sterling Trader.…

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May 26, 2016 BY LeapRate Staff

BIS unveils first phase of the global FX Code of Conduct

The Bank for International Settlements (BIS) has released what it calls the first phase of the Global Code of Conduct for the Foreign Exchange Market, and principles for adherence to the new standards. The BIS' Foreign Exchange Working Group (FXWG) Chairman Guy Debelle, whose day job is Assistant Governor of the Reserve Bank of Australia, had the following…

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May 26, 2016 BY Mike Fox

Darwinex updates MT4 charts to New York close

FCA-UK regulated asset manager and broker Darwinex informed MT4 traders today that the firm is changing their MT4 server to New York close charts starting on Sunday 12 June 2016. When trading opens on 12 June 2016, Darwinex MT4 charts will be on GMT +3 (instead of GMT +0) so MT4 charts will contain only five daily candles per week. Note: DST will be…

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