When asked once about why shares in his company were lagging, former Telegraph proprietor Conrad Black told analysts: The market is always right. A fairly honest admission by an embattled CEO, but also very correct. When people have to put real money to work, the invisible hand of the market usually prices things correctly. Usually.…
Read moreRetail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has issued a statement at the opening of US equity markets trading at 2:30pm BST, indicating that it has not been adversely affected as a result of today's market volatility following the UK's decision to leave the EU. The Gain Capital statement reads as follows: GAIN Capital Statement…
Read moreDarwinex, the UK Financial Conduct Authority (FCA) regulated FX asset manager and brokerage today was glad to inform clients that its safety measures worked as planned: and...it's business as usual at Darwinex after the EU referendum. The company stated that increased margin requirements will remain in place until the dust settles, which could take a few more days for…
Read moreThe Brexit vote might now be behind us, but the uncertainty in the currency and financial markets is just beginning. Continuing a trend we have seen across the Forex Broker universe, FCA regulated Hantec Markets has announced that as of 15:00 London time Friday it will be further cutting leverage in all client trading accounts.…
Read moreGeneva based retail forex broker Dukascopy Bank has announced that it will be extending its leverage limits offered to currency traders, in the wake of yesterday's pro-Leave Brexit vote, and the volatility in financial markets which has ensued. Dukascopy has also put in place position limits for clients. The leverage and position limits will remain…
Read moreDenmark-based retail forex broker Saxo Bank has put out a statement about trading conditions in the current post-Brexit vote environment. LeapRate readers will recall that Saxo Bank was one of the first Forex brokers to limit trading leverage given to clients by raising margin requirements for most open and new trading positions, which seem to…
Read moreThe FCA's statement included phrases such as 'until the Government changes the applicable legislation'.
Read moreAs we continue to bring LeapRate readers feedback and news from across the FX trading universe in the wake of yesterday's pro-Leave Brexit vote, we have received a statement from CySEC regulated broker easyMarkets about trading conditions at the firm. LeapRate readers will recall that easyMarkets was one of just a handful of FX brokers…
Read moreExchange operators Deutsche Börse and London Stock Exchange have issued a joint statement in the wake of yesterday's pro-Leave Brexit vote, stating their commitment to continue with the planned merger of the two companies. As with all things pan-European, there exists a lot of uncertainty this morning regarding many business relationships and what the fallout of…
Read moreSurprisingly, the British Pound rallied somewhat at the time of Cameron's resignation speech.
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