It seems that our coverage of the planned IronFX-FXDD-Nukkleus merger and reverse takeover has caused quite a stir in the Forex industry. After LeapRate first broke the news (at about 9:45am CET Monday), a number of other blogs seemed to pop up with me-too 'Exclusive' stories of their own on the subject, such as opinions…
Read moreFCA regulated online trading firm CMC Markets Plc (LON:CMCX) has made its first major financial results announcement as a public company since CMC's IPO back in February. And it is a good one. Before getting to the details of the results, we'd remind LeapRate readers that we can't really see yet the 'IPO effect' in the…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announced that, on 23rd May 2016, Forex broker CIF Vinson Financial Ltd, which provided investment services via the domain vinsonfinancials.com, renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in force (the ‘Law’). Therefore, the authorization with Νumber 184/12 lapsed as from the abovementioned date. It is noted that, in accordance with section…
Read moreThe U.S. Securities and Exchange Commission today announced non-prosecution agreements (NPAs) with two unrelated companies that will forfeit ill-gotten gains connected to bribes paid to Chinese officials by foreign subsidiaries. Massachusetts-based cloud services and network optimization provider Akamai Technologies, Inc. (NASDAQ:AKAM) has agreed to pay $652,452 in disgorgement plus $19,433 in interest. According to the NPA,…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that on May 31, 2016, it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida charging defendants Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton Beach, Florida, and Adam Roth of Boca Raton, Florida, and their respective Florida…
Read moreADS Securities, the Abu Dhabi-based international financial services firm, has announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses permitting the company to deal in both securities and futures contracts, ADS Securities Hong Kong Limited will…
Read more... and this is not going to stop.
Read moreThe plan for interdealer broker ICAP to sell its hybrid voice broking and information business to Tullett Prebon might be in trouble, or at best further delayed. ICAP announced Tuesday the the UK's competition watchdog, the Competition and Markets Authority (CMA), which had begun looking at the transaction in early April still had not made up…
Read moreETF physically tracks bonds with differing durations issued by the Republic of Turkey.
Read moreConsidering the fairly down figures we've witnessed so far for both retail and institutional FX platforms in May, Copenhagen-based Saxo Bank's figure of $255 billion for the month seems fairly strong. On an ADV basis, volumes were down 3.2% from $12.4 billion per day in April at Saxo Bank to $11.6 billion in May. The…
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