IG Group reports: We managed operations and exposure very effectively around Brexit LeapRate

June 24, 2016 BY LeapRate Staff

IG Group reports: We managed operations and exposure very effectively around Brexit

Online trading firm IG Group Holdings plc (LON:IGG), the largest of the UK-based online financial spreadbetting firms, has issued a statement on its operations over the past day since news broke of the Leave side victory in the UK Brexit referendum. IG reported that it managed its operations and exposure very effectively through the night and into today,…

June 24, 2016 BY LeapRate Staff

FXCM reports that systems and operations functioned without any material adversity during Brexit

Retail forex broker FXCM Inc (NYSE:FXCM) issued a note today that it was business as usual during the post Brexit vote market volatility today, although it plans to keep margin requirements high until markets settle down. Assuming that's it for FXCM, the company got through today's price shocks in the currency markets in a much more…

June 24, 2016 BY LeapRate Staff

FxPro removes Close Only trading status on indices, shares and RUB pairs

Retail forex broker FxPro has issued a note to clients in the aftermath of today's post-Brexit market volatility, that it has disabled Close Only trading status on Spot/Future Indices, Shares CFD trading, and on all RUB pairs. While FxPro had left leverage levels on most instruments at near-normal levels leading up to yesterday's Brexit vote, it…

June 24, 2016 BY LeapRate Staff

Why the oddsmakers were wrong in predicting the #VoteLeave Brexit victory

When asked once about why shares in his company were lagging, former Telegraph proprietor Conrad Black told analysts: The market is always right. A fairly honest admission by an embattled CEO, but also very correct. When people have to put real money to work, the invisible hand of the market usually prices things correctly. Usually.…

June 24, 2016 BY LeapRate Staff

Gain Capital: no adverse affects from post Brexit vote volatility

Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has issued a statement at the opening of US equity markets trading at 2:30pm BST, indicating that it has not been adversely affected as a result of today's market volatility following the UK's decision to leave the EU. The Gain Capital statement reads as follows: GAIN Capital Statement…

June 24, 2016 BY Mike Fox

Darwinex reports no issues thru Brexit vote, to keep margin requirements for now

Darwinex, the UK Financial Conduct Authority (FCA) regulated FX asset manager and brokerage today was glad to inform clients that its safety measures worked as planned: and...it's business as usual at Darwinex after the EU referendum. The company stated that increased margin requirements will remain in place until the dust settles, which could take a few more days for…

June 24, 2016 BY LeapRate Staff

Hantec Markets cuts FX trading leverage further to 10:1 post Brexit

The Brexit vote might now be behind us, but the uncertainty in the currency and financial markets is just beginning. Continuing a trend we have seen across the Forex Broker universe, FCA regulated Hantec Markets has announced that as of 15:00 London time Friday it will be further cutting leverage in all client trading accounts.…

June 24, 2016 BY LeapRate Staff

Dukascopy extends 30x GBP and EUR leverage limits in wake of Brexit vote volatility

Geneva based retail forex broker Dukascopy Bank has announced that it will be extending its leverage limits offered to currency traders, in the wake of yesterday's pro-Leave Brexit vote, and the volatility in financial markets which has ensued. Dukascopy has also put in place position limits for clients. The leverage and position limits will remain…

June 24, 2016 BY LeapRate Staff

Saxo Bank: Our clients gained through Brexit trading

Denmark-based retail forex broker Saxo Bank has put out a statement about trading conditions in the current post-Brexit vote environment. LeapRate readers will recall that Saxo Bank was one of the first Forex brokers to limit trading leverage given to clients by raising margin requirements for most open and new trading positions, which seem to…

June 24, 2016 BY LeapRate Staff

FCA post-Brexit statement hints at new UK legislation for financial regulation

The FCA's statement included phrases such as 'until the Government changes the applicable legislation'.