FCA and CySEC regulated broker FxPro informed clients today that as a result of the apparent attempted coup in Turkey and the increasing volatility across the markets, the following trading conditions went into effect upon Market Opening on Monday, July 18 (00:00 GMT+3): - "Close Only" functionality enabled on FxPro MT4 and FxPro MT5 on all…
Read moreThe total value of shares traded for the week ending 14 July 2016 amounted to SAR 21.15 billion, decreasing by 2.61% over the previous week; while total stock market capitalization reached SAR 1,537.12 billion at the end of this period, increasing by 2.18% over the previous week. • The total value of shares purchased by…
Read moreThe Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) and the China Securities Regulatory Commission (CSRC) entered into a Memorandum of Understanding (MoU) to facilitate cross-border activities and enhance regulatory collaboration between the two jurisdictions. The MOU provides a framework to provide assistance, exchange regulatory information and co-operate in the supervision…
Read moreGlobal ECN broker Tickmill, authorized and regulated by the Financial Services Authority (FSA) of Seychelles is proud to announce that its trading volume of $49.1 billion in June was the largest in company history. A key feature which propelled Tickmill's trading volume to record highs included a 'zero commissions' policy during the Brexit week. CEO…
Read moreSingapore Exchange (SGX) announced today it will establish a separate subsidiary company (RegCo) to undertake all the front-line regulatory functions it currently performs. The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities. RegCo…
Read moreForex Industry News this past week at LeapRate had a decidedly corporate feel. After a few weeks dominated by either Brexit or regulatory issues, it was back to basics as we were first to report on stories involving FXCM, Myfxbook, LMAX, Dukascopy, and others. Two guest posts were among our Top-10 most hit and searched-for…
Read moreCanadian securities regulator the British Columbia Securities Commission (BCSC) has issued a warning to investors regarding binary options broker DGI Market (at website dgimarket.com). DGI Market claims to be based in Bulgaria and offers an on-line binary options trading platform. The BCSC recently became aware of DGI Market, and that a British Columbia resident was able to open a…
Read moreWell here we go again. Less than a month after the UK Brexit referendum led (most) Forex brokers to take precautionary measures - such as raising margin requirements for both new and existing positions, and setting some currency pairs to Close-Only - the attempted overthrow of the Turkish government over the weekend is doing the…
Read moreTaiwan's central bank said this past week that it will require complex, high-risk Forex derivative instruments to go through regulatory approval before allowing banks to sell such products to clients, as first reported by Reuters. Currently, some financial products can be sold by banks to their customers without much regulatory oversight. The tightening comes after…
Read moreCME Group (NASDAQ: CME) just announced that effective Sunday, August 7, 2016 for trade date Monday, August 8, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange will make available its six (6) existing FX weekly options contracts for trading on CME Globex and for submission for clearing through CME ClearPort (see table…
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