June 27, 2016 BY LeapRate Staff

Dukascopy removes post Brexit leverage restrictions but maintains position limits

Geneva based retail forex broker Dukascopy Bank has announced that it is removing leverage restrictions instituted last week, and returning trading to normal conditions. However Dukascopy is maintaining position limits on certain GBP and EUR based indices. Dukascopy issued the following notice today: [divide] Special Brexit Leverage restrictions are lifted Dukascopy Group is pleased to announce…

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June 27, 2016 BY LeapRate Staff

Hantec Markets returns max trading leverage to 25x

As we continue our coverage of the changes to trading conditions among Retail Forex and CFD brokers in the post Brexit vote environment, LeapRate has learned that FCA regulated Hantec Markets has re-hiked max leverage levels back up to 25:1 (or 4% margin requirement). Hantec - which normally allows leverage of between 100x and 200x for its…

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June 27, 2016 BY LeapRate Staff

Antonio Ferrante steps down as CEO of Saxo Bank Switzerland - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that Antonio Ferrante (pictured at left) has stepped down as CEO of Saxo Bank (Schweiz) AG, the Swiss arm of global retail forex broker Saxo Bank, amid some other management moves at Saxo Switzerland. Mr. Ferrante was originally appointed to head Saxo Bank's operation in Switzerland in late 2014. Dr. Patrick Hunger, current Head…

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June 27, 2016 BY LeapRate Staff

INTL FCStone acquires Clearing and Wealth Management businesses from Stifel Financial's Sterne Agee LLC

Commodities and Forex broker INTL FCStone Inc (NASDAQ:INTL) has announced that it has signed a definitive agreement with Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp (NYSE:SF), to acquire Sterne Agee's correspondent securities clearing business and the independent wealth management business. The transaction will involve the purchase of three broker dealer entities and two…

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June 27, 2016 BY LeapRate Staff

Vantage FX keeps elevated margin requirements in place

ASIC regulated retail forex broker Vantage FX has announced that it will keep in place the higher margin requirements it put place in several steps leading up to last week's UK Brexit referendum. However Vantage FX did remove the Close-Only trading status it assigned to several GBP and EUR currency pairs soon before the vote…

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June 27, 2016 BY LeapRate Staff

Belarus central bank grants FX company registration to Alpari

Retail forex broker Alpari has announced that it was added to the list of Registered Forex Brokers by The National Bank of Belarus, the country's central bank and financial regulator. Belarus is a fairly sizable country of about 10 million people, nestled between Poland, Russia and Ukraine. Alpari joins fellow Russian brokerage giant Forex Club as…

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June 27, 2016 BY LeapRate Staff

Leverate reports volumes 3x normal on Friday as platforms performed well

Forex platform and technology provider Leverate has issued a statement in the wake of last week's post-Brexit referendum volatility, saying that it and its clients were unscathed after the Brexit outcome. Leverate indicated that trading volumes Friday executed on its platforms were nearly 3 times normal, and that its systems remained strong handling the heightened volumes…

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