May 20, 2016 BY LeapRate Staff

Tough Q1 at EZTrader.com - $3.3 million loss, SEC Wells Notice, and $600,000 arbitration order

Binary options brokerage EZTD Inc (OTCMKTS:EZTD), parent company of CySEC regulated WGM Services Ltd which operates binary options brands EZtrader.com and EZinvest.com, reported its Q1 results showing a growing net loss and decreasing revenues, despite a large ramp-up in marketing spend. EZTD lost $3.3 million in Q1, a fairly large number given its Revenues in the quarter were…

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May 20, 2016 BY Mike Fox

New Zealand FMA orders Forex trading educator to change its "deceptive" marketing materials

The Financial Markets Authority (FMA) of New Zealand today has ordered a foreign exchange educator to change its marketing materials on the basis that they were misleading or deceptive, and it had made unsubstantiated statements about its services. Cambrian Corporation Limited (Cambrian) offers training and advice services relating to intra-day foreign exchange trading.  In the…

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May 19, 2016 BY Mike Fox

Russia's Sberbank deploys new electronic trading platform

Russian bank Sberbank today launched a new electronic trading offering within its investment banking division. The platform is called Sberbank Markets and supports multiple asset classes and streamlines trading, trade confirmation and settlement. Sberbank claims this will lead to lower processing costs. Sberbank Markets provides the bank's clients with access to Sberbank's FX liquidity, offers…

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May 19, 2016 BY Maria Nikolova

TradingView adds one-click alerts and orders

Financial visualization platform TradingView keeps enhancing the work with charts, with the latest novelty being the ability for traders to place one-click alerts and orders. By clicking on the “cross” (see picture), traders can place a limit/stop order or a crossing type alert at specific price in one click. The addition comes after last month,…

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May 19, 2016 BY Maria Nikolova

ICE to bring new funds rate futures contract to market in late 2016

Operator of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) today announces an innovative interest rate contract that aims to facilitate term financing arrangements, such as repos. Consummated transactions in ICE's Funds Rate contract will offer real-time transparency into the interest rate funding markets in a range of currencies. The patent-pending solution was developed and…

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May 19, 2016 BY Maria Nikolova

LCH's SwapClear compresses more than $1 quadrillion of cleared notional

International clearing house LCH today announces that its SwapClear service has compressed a total of more than 8.4 million cleared trades, representing $1 quadrillion in notional since it commenced offering compression services in 2008. The milestone follows a number of recent innovations in SwapClear’s compression offering which have substantially increased the number of trades eligible…

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May 19, 2016 BY LeapRate Staff

Ayondo hires Daiwa Securities' Rick Fulton as CFO ahead of planned IPO

FCA regulated social trading pioneer Ayondo has announced the appointment of Rick Fulton as its new Chief Financial Officer (CFO). Rick Fulton is joining Ayondo from Daiwa Securities, where he was Managing Director, Regional CFO Asia and Oceania. He previously held senior positions at Royal Bank of Scotland and Deutsche Bank in London, and was also CFO…

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May 19, 2016 BY LeapRate Staff

Ayondo hires Daiwa Securities' Rick Fulton as CFO ahead of planned IPO

FCA regulated social trading pioneer Ayondo has announced the appointment of Rick Fulton as its new Chief Financial Officer (CFO). Rick Fulton is joining Ayondo from Daiwa Securities, where he was Managing Director, Regional CFO Asia and Oceania. He previously held senior positions at Royal Bank of Scotland and Deutsche Bank in London, and was also CFO…

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