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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June 25, 2016 BY LeapRate Staff

Forex trader's survival guide for Brexit

This article was written by Richard Perona, VP of Institutional FX at Advanced Markets. Major market events are generally accompanied by periods of massive uncertainty, volatility and downright fear. It doesn’t matter whether these events are expected, like the Brexit vote, or unexpected like the SNB move last year, the outcome is the same. Many…

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