The EU Referendum 'Brexit Barometer' developed by IG Group Holdings plc (LON:IGG) is currently showing an 81% chance that the UK will remain within the European Union, a new high for the Barometer since its launch in February 2016. A Brexit has been the most unlikely outcome since the inception of this market, according to IG clients.…
Read moreGlobal digital asset exchange Kraken today shared major news from Tokyo’s court-appointed trustee in the investigation of claims from MtGox creditors. During a scheduled and long-awaited Creditor’s Meeting in Tokyo, Trustee Nobuaki Kobayashi announced today that 24,750 creditors have filed claims to date. The total amount claimed to date was 263,519,268,303,371 JPY, or approximately $2,411,412,137,427 USD, though…
Read moreJapan's legislature The National Diet passed a bill today to regulate operators of Bitcoin and virtual currency exchanges. The Japan Times reported that under the revised law, virtual currency exchange operators are required to register with the Financial Services Agency (FSA) of Japan. The agency will be authorized to conduct on-site inspections and issue administrative orders as needed. The…
Read moreUS financial regulator CFTC has issued two notices about fairly large fines totaling $425 million being levied against banking giant Citigroup Inc (NYSE:C). In Notice #1, the CFTC has ordered Citibank, N.A. and Japanese affiliates to pay a $175 million penalty for attempted manipulation of Yen LIBOR and Euroyen TIBOR, and false reporting of Euroyen TIBOR and…
Read moreIs this the first step by US regulators to possibly ban altogether highly leveraged retail forex trading?
Read moreLeading Asia financial marketplace Singapore Exchange Limited (SGX) has announced that it has entered into an agreement with The Baltic Exchange Limited (Baltic Exchange) through which SGX will enter into exclusive discussions with Baltic Exchange regarding a potential cash offer for 100% of the share capital of Baltic Exchange. This follows SGX’s earlier announcement on…
Read moreUK financial regulator the FCA has issued a warning regarding retail forex, CFDs and futures brokers TRD Brokers Limited at trdbrokers.net, and TRD Futures Group at trdfutures.com. The website of TRD Futures claims that the company is indeed FCA regulated (see below), giving FCA registration number 493131. That number does exist in the FCA's registry,…
Read moreAustralia based iSignthis Ltd (ASX : ISX) announced today that it has entered into a pilot agreement with online broker, iFOREX. iSignthis will integrate with iFOREX to pilot and optimize the ISX Digital KYC service. A successfully optimized pilot aims to provide iFOREX with a user friendly onboarding system. Per the announcement, the program will start with iFOREX German clients…
Read moreLeapRate Exclusive... LeapRate has learned that a number of both large and small Retail Forex brokers running MT4 have been the subject of successful DDoS (distributed denial-of-service) attacks originating out of China. The hackers have apparently exploited a vulnerability in MT4, which is difficult to protect because of decryption. That has enabled the hackers to…
Read moreMarex Spectron, the London based globally regulated commodities broker, has posted a record Operating Profit of $23 million for the year ended 31 December 2015, up from $15 million in 2014. EBITDA increased to $31 million from $25 million in 2014. Gross revenues were $348 million, compared with $368 million in 2014. However, costs were…
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