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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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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May 26, 2016 BY LeapRate Staff

China's SAFE again eases rules for retail foreign exchange transactions

Reuters is reporting that China's foreign exchange regulator SAFE has issued new rules simplifying procedures for individuals exchanging foreign currencies, but keeping net purchase quotas unchanged. In what Reuters is calling a minor reform, the State Administration of Foreign Exchange (SAFE) said that financial outlets designated by banks for such exchanges will no longer need…

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May 26, 2016 BY LeapRate Staff

Interactive Option parent Pegase renounces CySEC CIF license

After having had its CySEC CIF license first suspended in March for one month, with the suspension later extended in April, LeapRate has learned that Pegase Capital Ltd has now renounced its authorization and thus relinquished its CIF license, effective May 13, 2016. Pegase is the parent company operating binary options brokerage brands Interactive Option, HelloBrokers,…

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