Looks like June's Brexit-driven volatility and record FX trading volumes didn't fully spill over into July. As we begin to review the July FX trading volumes at leading retail and institutional eFX platforms, FastMatch is reporting that volumes in its system fell 21% MoM from June (a record month for FastMatch) to average $12.9 billion ADV for the…
Read moreForex Industry News at LeapRate this week was a very mixed bag of regulatory, corporate, and even legal news. Once again LeapRate broke the most popular story of the week in the FX world, uncovering the arrest of a senior employee at a Limassol-based retail forex broker for trying to sell client information to a…
Read moreTullett Prebon, one of the world’s leading interdealer brokers announced that it has entered into an agreement to acquire Creditex’s US hybrid voice broking business from Intercontinental Exchange Inc (NYSE: ICE). The market-leading team of 14 brokers, located in New York, provides clients with hybrid voice broking and trading services for credit derivatives. The brokers…
Read moreThe Taiwan Futures Exchange (TAIFEX) today announced it has obtained Commission Certification for its TOPIX Futures contract from the United States Commodity Futures Trading Commission (CFTC) on July 26, 2016. The TAIFEX TOPIX Futures contract can now be offered and sold to U.S. persons. The granting of Commission Certification will strengthen TAIFEX’ global offerings by…
Read moreRussian retail Forex broker Alpari (RU) has informed that the maximum leverage for pro.ecn.mt4 and pamm.pro.ecn.mt4 accounts will be set to 1:500 and the margin requirements for pamm.standard.mt4 and pamm.ecn.mt4 accounts will change from August 1, 2016. Traders can learn how the calculation of floating leverage takes place on the Alpari website.
Read moreToday the UK Financial Conduct Authority put out details of the cloned firm Kaufman Franz Wealth Management. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. The clone firm are using or giving out the following details as part of…
Read moreMasterCard's chief executive Ajaypal Singh Banga has been presenting the company's second quarter results and meanwhile shared Wall Street analysts that the two respective giants of the offline and online payments markets were exploring a possible link-up that would ease some of the competitive tension that has built up between the two as PayPal continues to build…
Read moreOTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, has announced that Canada's largest domestic and international airline, Air Canada (TSX: AC; OTCQX: ACDVF), has qualified to trade on the OTCQX® Best Market. Air Canada begins trading today on OTCQX under the symbol ACDVF. More information on disclosure and…
Read moreThe European Securities and Markets Authority (ESMA) has prolonged the application deadline by four weeks for its call for candidates for its Group of Economic Advisors (GEA), an expert stakeholder group which assists ESMA's Committee for Economic and Markets Analysis (CEMA). ESMA is inviting candidatures for the GEA's next term for the period of October…
Read moreOn May 11, 2016, the Companies Auditors and Liquidators Disciplinary Board (CALDB) delivered its decision to cancel the registration of Sydney liquidator, Mr Randall Clinton Joubert. ASIC successfully contended before CALDB that, while conducting five liquidations, four of which had been referred to him by the same accountant, Mr Joubert failed to adequately and properly…
Read more