May 11, 2016 BY Maria Nikolova

Alpari to change trading conditions for demo accounts

Retail FX broker Alpari Limited has informed its clients that, effective May 16, 2016, there will be changes to the trading conditions for demo accounts. From May 16, 2016, a demo account will be considered active if a trade has been made from this account at least once every 14 days. The previous requirement was…

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May 11, 2016 BY Maria Nikolova

Japan's FSA warns against Brilliant One Forex

Japan's Financial Services Agency (FSA) has earlier today updated its list of unregistered investment companies that target Japanese residents. Amid the latest additions to the list is Brilliant Stage Limited, operating as Brilliant One Forex, an FX services provider that purports to be based in the Seychelles: Sertus Chambers, PO Box 334, Suite3, lSt Floor,…

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May 11, 2016 BY Maria Nikolova

Russia's NSD announces successful conducting of first PVP settlements

A follow-up to LeapRate's earlier report about Russia’s National Settlement Depository (NSD), part of the Moscow Exchange group of companies, launching a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1)... NSD announced on Tuesday that the first PVP-1 settlements were successfully conducted by JSCB Derzhava PJSC and PJSC JSCB Metallinvestbank…

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May 11, 2016 BY Maria Nikolova

Australian FX broker Ikon implements measures to rectify client trust accounts, improve disclosure

Concerns raised by the Australian Securities & Investments Commission (ASIC) have led to retail over-the-counter (OTC) derivative issuer Ikon (Australia) Pty Ltd (Ikon) to implement measures to rectify client trust accounts and improve disclosure. The company has agreed to separate client money held in compliance with its obligations under the Corporations Act, from money held…

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May 10, 2016 BY Mike Fox

IPC launches 'FX Hub' a low latency, co-located performance solution

IPC Systems, Inc., a leading global provider of specialized communications and managed network-as-a-service solutions for the financial trading community, today announced that it has launched FX Hub, a low latency, co-located performance solution engineered to address the industry’s most complex trading challenges. IPC’s FX Hub is centered at the heart of the global foreign exchange markets,…

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May 10, 2016 BY Mike Fox

Ayondo doubles Revenues in 2015 to £7.3 million

FCA regulated social trading focused firm Ayondo today reported 2015 company financial updates. The firm recorded its first profitable month in July 2015, which led to a profitable 2nd half of the year. Top line growth more than doubled by 115% to £7,349,991 in 2015 from £3,418,979 in 2014. However, the company sustained losses of…

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