July 06, 2016 BY LeapRate Staff
CFTC gets $17.5 million court order against Dorian Garcia and his companies for FX ponzi scheme fraud
Garcia was also sentenced to 78 months in prison for his Ponzi scheme activities.
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July 05, 2016 BY LeapRate Staff
Social media startup Steemit uses Million Dollar digital currency giveaway to build traffic
Interesting idea to build traffic - give away money. Well, at least in digital currency called Steem Dollars. Yesterday, a rapidly expanding social media site called Steemit (www.steemit.com) gave away digital currency worth approximately $1.3 million to its users. It wasn't a hoax or a stunt - it is all part of the plan for Steemit, a…
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July 05, 2016 BY LeapRate Staff
Markit and IHS choose NASDAQ ticker symbol 'INFO' for the combined company
The about to be merged business and financial information providers IHS Inc. (NYSE:IHS) and Markit Ltd (NASDAQ:MRKT) have announced that the combined company, which will be renamed IHS Markit Ltd., will be listed on the Nasdaq Global Select Market under the new trading symbol 'INFO'. IHS and Markit announced their plans for a $13 billion merger…
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July 05, 2016 BY LeapRate Staff
London Stock Exchange shareholders approve merger with Deutsche Borse AG
After yesterday's vote of London Stock Exchange Group shareholders approving the LSEG's merger with Deutsche Borse AG, Deutsche Borse put out the following statement - in part to reiterate the two group's plans of fully proceeding with the merger despite the UK 'Leave' vote in the Brexit referendum. [divide] Statement by Deutsche Börse AG on London…
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July 05, 2016 BY Valentina Kirilova
INTL FCStone completes the Acquisition of the Correspondent Clearing and Independent Wealth Management Businesses from Sterne Agee LLC
Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced today that it has substantially completed its acquisition of the correspondent securities clearing business and independent wealth management business from Sterne Agee LLC, a wholly-owned subsidiary of Stifel Financial Corp. Details about the acqusition were provided last week. The July 1, 2016 closing involved three broker…
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July 05, 2016 BY LeapRate Staff
GBPUSD at 1.30 level down 200 pips on the day, Gold rising
The British Pound has continued drifting downward to multi-decade lows in Monday trading, with the GBPUSD Cable trading with a 1.30 handle for the first time since the 1980s. It was only this morning that the GBP broke below the $1.32 level for the first time post-Brexit. For the day, the GBPUSD is down 1.62%,…
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July 05, 2016 BY LeapRate Staff
Templeton Securities launches FCA regulated retail FX brokerage, TempletonFX - LeapRate Exclusive
LeapRate Exclusive... LeapRate has learned that FCA regulated stock broking house Templeton Securities is launching its own branded retail forex outfit, called appropriately TempletonFX. The TempletonFX website just went live last week. LeapRate spoke today with TempletonFX co-founder and Director Mike Andrews on the decision to launch a retail forex brokerage, and how TempletonFX plans…
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July 05, 2016 BY Valentina Kirilova
Brexit: One step closer to the next British Prime Minister; asset managers retreat London
Sure we all are thrilled about everything that happens around Brexit. There's been lots of drama since David Cameron announced he was resigning shortly after the referendum. All news about the new British Prime Minister are almost as exciting as the referendum itself. Unfortunately we won’t know who will take Cameron's place until September 9. Until then…
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July 05, 2016 BY LeapRate Staff
CME Group FX volumes soar 42% in June 2016 as Brexit drives GBP trading 65%
International derivatives marketplace CME Group Inc (NASDAQ:CME) has reported spectacular June trading volumes, as we've seen so far at other institutional trading venues, driven largely by Brexit induced volatility. Foreign exchange volumes averaged 1.02 million contracts per day in June 2016, up 3% YoY from June 2015 but 42% MoM above May. Highlights for June…
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July 05, 2016 BY Valentina Kirilova
Saxo Bank June FX volumes of $261 billion highest since early 2015
Leading retail forex broker Saxo Bank has issued its June FX volumes results, which made its highest peak of $261 billion since early 2015. Saxo Bank’s daily average is seen to be $11.9 billion this month – just a bit higher than last month’s $11.6 billion. Compared to last year’s results for the same period, the…
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