June 28, 2016 BY LeapRate Staff

Plus500 adds Nomura executive Penny Judd to its Board of Directors

FCA-regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) has announced some changes to its Board of Directors. The company added seasoned compliance executive Penny Judd as a non-executive director. Judd is currently EMEA Head of Compliance in the London office of Japanese banking giant Nomura Holdings, Inc. (ADR) (NYSE:NMR), although she plans to step down from…

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June 28, 2016 BY LeapRate Staff

ASIC cancels AFS license of Australian online trading and CFDs provider Advamode Financial

Australian financial regulator ASIC has announced that it has cancelled the Australian Financial Services (AFS) license of Queensland-based Advamode Financial Pty Ltd. Advamode offered a raft of financial services to Australian customers, including online trading with CFDs and Forex instruments. The cancellation was made at Advamode's request after the company was placed into liquidation on 4…

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June 28, 2016 BY LeapRate Staff

Taiwan Stock Exchange and Bursa Malaysia sign MoU to further cross-border cooperation

The Taiwan Stock Exchange Corporation (TWSE) and Bursa Malaysia Berhad (Bursa Malaysia) have announced that the two market operators have signed a Memorandum of Understanding (MoU) to undertake a joint study to explore capital market opportunities to expand various areas of potential cross-border cooperation, namely in exchange traded funds (ETFs), indices, market connectivity, and market promotional activities. An earlier Memorandum…

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June 28, 2016 BY LeapRate Staff

SafeCharge reports record EBITDA in 1H 2016, little GBP exposure

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has provided its Trading Update for the first six months of 2016, indicating that the company has had a very strong first half of the year. SafeCharge stated that its EBITDA for 1H-2016 will come in ahead of USD $16 million, which will make the…

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June 28, 2016 BY Mike Fox

easyMarkets launches "dealCancellation" risk management feature

CySEC and ASIC regulated brokerage easyMarkets today launched a new feature on its trading platform to better help manage risk. dealCancellation allows clients to ‘cancel’ losing deals within an hour after opening them and have their original investment refunded. dealCancellation incurs a fee of a few pips when the deal is opened but gives the trader…

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June 27, 2016 BY LeapRate Staff

CFI Markets eases margin requirements post Brexit vote

After deciding to keep increased margin requirements in place over the weekend, CySEC regulated retail forex broker CFI Markets has issued a note to clients, indicating that it is now easing margin requirements on certain currency pairs and financial instruments. The note sent by CFI Markets to clients (and the table indicating new margin levels) reads as…

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June 27, 2016 BY LeapRate Staff

What should traders avoid post Brexit?

The following guest post is courtesy of Shoaib Abedi, Director and co-founder of online trading services provider ICM Capital. ICM Capital is a UK headquartered company licensed and regulated by the Financial Conduct Authority (FCA) in London, with six offices spread around the world. [divide] Uncertainty is the most important word that market participants can’t get out…

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June 27, 2016 BY LeapRate Staff

Gain Capital's GTX ECN saw record FX volumes of $24 billion on Friday

Continuing our reporting on record FX trading volumes seen at institutional eFX platforms on Friday after the Brexit vote sent the currency markets is a tizzy, Gain Capital Holdings Inc (NYSE:GCAP) has reported that GTX, its institutional foreign exchange trading arm, set a record trading volume of $24.2 billion (single count) on Friday June 24, 2016.…

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June 27, 2016 BY LeapRate Staff

Hong Kong HKEX tightens criteria for short selling stocks

Hong Kong exchange operator HKEX has announced that it is revising the criteria for its designated securities eligible for short selling to reflect the development of Hong Kong's equity market. The revisions are the result of a periodic review under a framework introduced in 2012. Changes to criteria for designated securities eligible for short selling will…

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