July 06, 2016 BY LeapRate Staff

CySEC celebrates 20 years with Cyprus Presidential Palace event

Cyprus regulator CySEC celebrated its 20th anniversary yesterday with a special event held at the Presidential Palace in Nicosia. The event was attended and addressed by the President of the Republic, Mr. Nicos Anastasiades, the Minister of Finance, Mr. Harris Georgiades, and the Chair of the European Securities and Markets Authority (ESMA), Mr. Steven Maijoor, within the…

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July 06, 2016 BY Valentina Kirilova

Italy’s Consob warns against binary options broker Boss Capital

Italy’s financial markets regulator Consob today issued a public warning against binary options broker Boss Capital. The company is offering its services via bosscapital.com, with the website having a version in Italian language too. Consob said that the company is also known as Cheshire Capital Ltd. The Italian regulator notes that Cheshire Capital Ltd is…

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July 06, 2016 BY Valentina Kirilova

Baydonhill relaunches as EarthportFX

The payment network for cross-border transactions Earthport plc (LON:EPO) has announced that its subsidiary, Baydonhill has re-launched as EarthportFX. EarthportFX will offer clients direct access to FX and payment services utilised by global banks and ecommerce businesses. The EarthportFX brand combines Baydonhill’s extensive currency expertise with Earthport’s industry-leading global network and payments technology. In a market…

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July 06, 2016 BY LeapRate Staff

How to trade the GBPUSD pair this week

Anyoption analyst Brett Chatz takes an interesting look at the very volatile GBPUSD 'Cable' trade, and what traders need to look for this week. For more of Brett’s research see the Anyoption blog. [divide] The sterling is poised to break through the critical support level of 1.30 this week…. It has been a tumultuous time…

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July 06, 2016 BY Valentina Kirilova

Deutsche Börse sells FX market intelligence provider MNI to Hale Global

Deutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals. Details of the deal are subject to a confidentiality agreement. By divesting its news business, Deutsche Börse further…

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July 06, 2016 BY LeapRate Staff

ICAP EBS June FX volumes up 29% MoM to $97.4 billion ADV

Continuing the healthy-June-FX-volumes trend we have seen from a number of both retail and institutional eFX platforms, interdealer broker ICAP plc (LON:IAP) has reported that Forex volumes at its EBS subsidiary were up 29% MoM from May to average $97.4 billion per day in June. We'd note that May volumes at EBS were their lowest in…

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July 06, 2016 BY Valentina Kirilova

GBPUSD drops below 1.28 as British Pound slide continues

Sterling sinks to new depths on Brexit anxiety, dropping to new 31 year lows around the 1.2800 level against the US dollar and even lower against the yen and the euro. The combination of some Brexit effects already starting to become definite and this week’s slowdown in recent economic data may seem a bit like…

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