Vantage FX returns margin requirement levels to normal as Brexit volatility subsides LeapRate

June 30, 2016 BY LeapRate Staff

Vantage FX returns margin requirement levels to normal as Brexit volatility subsides

ASIC regulated retail forex broker Vantage FX has announced that it is now easing trading restrictions back to normal conditions across a range of Forex currency pairs and Indices markets. Vantage FX took a very conservative approach to Brexit for it and its clients, raising margin requirements and also initiating Close-Only status for a number of…

June 30, 2016 BY LeapRate Staff

Belize’s IFSC issues warning against binary options broker YieldOptions for forged license

Belize financial regulator the International Financial Services Commission of Belize (IFSC) has issued a warning against binary options broker YieldOptions, owned and operated by HSBO Capital Ltd. According to the IFSC, YieldOptions is fraudulently claiming to hold a license for trading in financial and commodity-based derivative instruments and other securities, issued by the Samoa International Financial Authority. The Licence…

June 30, 2016 BY LeapRate Staff

OANDA reports 4x normal FX trading volumes on Brexit Friday

Retail forex broker OANDA has reported that it saw a 340% increase in trading volumes last Friday, after the results of the Brexit referendum became known. OANDA's announcement seems to be in line with what we have seen from the few other retail brokers and institutional FX platforms, each reporting three to four times normal…

June 30, 2016 BY LeapRate Staff

Orbex unveils redesigned website

Continuing a trend we have seen among many leading Retail FX and CFD brokers, CySEC regulated Forex brokerage Orbex has unveiled today a redesigned website. The redesigns we have seen, including Orbex's, lean heavily toward the visual and are geared toward giving users a much more unified experience across all types of devices, especially mobile. The…

June 30, 2016 BY LeapRate Staff

Brexit Casualty #2: Are UK clearing houses about to lose their EUR business?

It is becoming clear as the dust is settling from last week's Leave victory in the UK Brexit referendum that European country government and EU officials are going to do all they can to make it both difficult and expensive for the UK to leave the European Union. Part anger? Part revenge? Part hoping to…

June 30, 2016 BY LeapRate Staff

TradAir eFX platform selected by Singapore broker UOB Bullion and Futures

eFX trading technology solutions provider TradAir has announced that it has secured a contract with UOB Bullion and Futures (UOBBF). TradAir will provide the brokerage’s corporate, institutional and professional clients with TradAir’s fully hosted cloud based HTML5 eFX platform for trading leveraged FX, NDFs and Precious Metals. UOBBF is the Singapore-based wholly owned brokerage arm of United Overseas Bank…

June 30, 2016 BY Mike Fox

Korea Exchange successfully launches EURO STOXX 50 futures

It was just announced this week from Eurex Group, one of the leading derivatives exchanges globally that Korean Won denominated EURO STOXX 50 futures were successfully listed on Korea Exchange on 27 June 2016. EURO STOXX 50 futures is the first listed derivative product based on a foreign equity index and will build a foundation for Korea…

June 30, 2016 BY LeapRate Staff

Canadian regulator OSC adds binary brokers WinOptions, BigOption and OptionRidge to investor warning list

Canada's largest provincial financial regulator, the Ontario Securities Commission (OSC), has issued three new investor warnings against unlicensed binary options brokers. The OSC typically issues warnings regarding unlicensed companies that appear to be engaging in activities that may pose a risk to investors in its jurisdiction, and which are apparently targeting Canadian traders. The OSC's updated…

June 30, 2016 BY LeapRate Staff

CBOE Futures Exchange gets passing grade in CFTC review despite large staff departures

The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has announced that it issued the results of a rule enforcement review of the CBOE Futures Exchange, LLC (CFE or Exchange) on June 24, 2016. The review covered a one-year target period. The CFTC evaluated CFE’s compliance with Designated Contract Market Core Principles: Compliance With Rules,…

June 29, 2016 BY LeapRate Staff

Guidance on cyber security for the financial industry set by CPMI and IOSCO

International organizations The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) today released the final report Guidance on cyber resilience for financial market infrastructures (“Cyber Guidance”). The Cyber Guidance report is the first internationally agreed guidance on cyber security for the financial industry. It has been…