Cyprus financial regulator CySEC's typical modus operandi when faced with a suspension-worthy offense by one of its regulated entities is to suspend the CIF license of that company for one month, giving the company a full 30 days to fix things. Sometimes that happens, but sometimes it doesn't happen. In the case of retail forex…
Read moreFrankfurt-based markets operator Deutsche Börse has announced that its Deutsche Börse Managed Services unit will be providing the IT infrastructure for the trading platform of German private bank Donner & Reuschel. These services enable a seamless connection to the trading platforms Xetra and Eurex. The Managed Services form part of Deutsche Börse’s Infrastructure Services offer, which…
Read moreCyprus financial regulator CySEC has issued a consultation paper regarding new proposed rules governing the use of Liquidity Providers and Market Makers by regulated brokers on the island. The new rules would still allow Retail Forex brokers on the island to have liquidity and market making relationships with entities outside the country and outside the…
Read moreLeapRate Exclusive... LeapRate has learned that a new FCA regulated Retail FX broker just launched operations under the fairly unique brand name of BlackPearlFX, a trading name of Black Pearl Securities Limited. The broker also seems to have social trading in mind. We are pleased to bring LeapRate readers an exclusive interview with BlackPearlFX co-founder and…
Read moreBanco Bradesco, one of the biggest banking and financial services companies in Brazil, has joined financial innovation firm R3’s partnership to design and apply distributed and shared ledger-inspired technologies to global financial markets. We had earlier reported that Itaú Unibanco, the largest private sector bank in Latin America, became the first Latin America bank to…
Read moreHong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…
Read moreEthernet network, cloud and hosting provider BSO has announced plans to add Financial Cloud to its service portfolio to provide a unique and fully-integrated low latency network and cloud offering specifically engineered for the global financial community. The build will include the key FX marketplaces of London, New York and Tokyo with a presence in Equinix LD4,…
Read moreWilkinson and his partnerships including Chicago Index Partners charged with fraudulently soliciting more than $6 million from at least 30 Investors.
Read moreIt was just officially announced that on June 25, 2016, Mr. Liu Shiyu, Chairman of China Securities Regulatory Commission (CSRC) and Mr. Sergey Shvetsov, First Deputy Governor of the Bank of Russia signed a Memorandum of Understanding (MOU) regarding cooperation on financial and capital markets in Beijing. This MOU substitutes the MOU between China Securities…
Read moreThe following guest post is courtesy of CySEC and FCA regulated retail forex broker FxPro. FxPro is one of the largest Cyprus-based Forex brokerages, operating since 2006. We'd note that LeapRate broke news of CySEC's directive against linking Broker pay to volumes, deposits or client P&L two weeks ago. We will continue to bring our readers reaction…
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