June 22, 2016 BY LeapRate Staff

The 3 most overlooked pitfalls in Risk Management at Forex Brokers

Valentine Piotrovich, Head of Sales at MT4 technologies provider Takeprofit Technology, takes a look at what Retail Forex brokers sometimes do and don't do right when setting Risk Management policies, and in implementing them. Takeprofit’s products include A and B-book risk management solutions, the Klondike liquidity bridge, and the Ashira automated dealer anti-cheating defense. Takeprofit’s clients…

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June 21, 2016 BY LeapRate Staff

ICAP looking to sell oil broking business to satisfy competition regulator in Tullett Prebon deal

Interdealer broker ICAP plc (LON:IAP) issued a statement today relating to its plans to sell its plans to sell its hybrid voice broking and information business to Tullett Prebon. we had recently reported that the proposed deal was in jeopardy after the the UK's competition watchdog, the Competition and Markets Authority (CMA), had decided to upgrade its review of…

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June 21, 2016 BY Mike Fox

Euroclear and itBit collaborate on blockchain solution for gold market settlement

Euroclear and itBit, a financial services company delivering blockchain services for capital markets, today announced their collaboration to explore opportunities in creating a next generation settlement service for the London gold market. The settlement of unallocated gold is a very capital-intensive process. Euroclear and itBit are working with relevant market participants to develop a service…

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June 21, 2016 BY Mike Fox

TMX Group signs MoU With Shanghai Clearing House focused on RMB

TMX Group and Shanghai Clearing House (SHCH) today announced the signing of a Memorandum of Understanding (MoU) to establish a cooperative relationship to share information with respect to each other's businesses and explore opportunities for collaboration. Under the terms of the MoU, TMX Group and SHCH will form a working group to evaluate joint business…

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June 21, 2016 BY Mike Fox

DMM FX halts trading in GBP and EUR pairs

DMM FX Australia, who is closing up shop this summer as reported by LeapRate back in May is taking no extra risks before winding down. Today they notified current clients that due to an increased risk following the Brexit referendum and to further protect clients’ positions during this event, trading will be suspended from 07:10hrs (server time) for…

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June 21, 2016 BY Mike Fox

Forex Club reduces leverage to 1:20 before Brexit vote

Only two days remain until the Brexit referendum and brokers are still maneuvering their risk controls before Thursday. Today we learned that brokerage Forex Club, whose Russian company, FOREX CLUB LLC, is a founding member of CRFIN issued a notice stating that the UK's EU referendum, may cause significant volatility and liquidity problems in the market that can…

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June 21, 2016 BY LeapRate Staff

London Capital Group recapitalization: what the filing didn't say

LeapRate broke the news earlier today of the proposed recapitalization at FCA regulated online trading firm London Capital Group Holdings plc (LON:LCG), which will see CEO Charles-Henri Sabet and his partners inject £10 million (USD $14.6 million) into the company. We referenced in our coverage a filing which the company made with the London Stock Exchange…

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June 21, 2016 BY LeapRate Staff

Winklevoss twins' Gemini Bitcoin and Ether Exchange expands to the UK

The Winklevoss twin's Gemini Bitcoin and Ether exchange has announced that it is expanding its services to UK clients. Gemini received a charter under New York Banking Law from The New York State Department of Financial Services (NYDFS) last October, and became authorized to offer Ether trading last month. Gemini posted the following note today on its blog…

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