April 26, 2016 BY Maria Nikolova

Italy's Consob issues warning against FX firm Venice Forex Investment

Italy's financial markets watchdog Consob has earlier today issued a couple of more warnings at investment firms targeting Italian residents without having the necessary authorization to do so. The latest number of companies to get such warnings includes FX firm Venice Forex Investment. Consob notes that Venice Forex Investment Doo is not authorized to provide…

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April 26, 2016 BY Maria Nikolova

Zhongrong International becomes SGX derivatives trading member

A month after Singapore Exchange Limited (SGX:S68) welcomed Taiwan-based JihSun Futures Co., Ltd to its list of derivatives market trading members, it announces a new derivatives trading member. The latest addition is Hong Kong-based Zhongrong International Futures Company Limited. The admission of Zhongrong International Futures Company Limited takes the total number of Trading Members in SGX’s…

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April 26, 2016 BY Maria Nikolova

FSCS sets levy for 2016/17 at £337 million

The Financial Services Compensation Scheme (FSCS), the UK's statutory compensation scheme for customers of authorised financial services firms, has announced its levy for 2016/17. FSCS, which is well known to former customers of Alpari (UK) Limited and LQD Markets UK, which fell victims of the Swiss franc spike on January 15, 2015, will levy £337 million…

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April 26, 2016 BY Maria Nikolova

Exness Group's own funds total $83.78M – Deloitte report

Online trading services provider Exness Group today published a “Report of Factual Findings on Exness' funds” conducted by international audit expert Deloitte, reiterating its advocacy of increased transparency in the FX industry. The report has confirmed Exness to have $83.78 million of own funds. Exness is publishing annual funds audit on top of quarterly publications of…

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April 26, 2016 BY Maria Nikolova

Monex Group sees net profit climb 1.6% in FY 2016

International provider of online trading services Monex Group, Inc. (TYO:8698) has earlier today posted its preliminary metrics for the full year to March 31, 2016, with net profit staging a small increase in annual terms. The Group reported profit attributable to its owners of JPY 3.55 billion ($31.98 million), up 1.6% from the reading of…

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April 25, 2016 BY LeapRate Staff

Itaú becomes first Latin America bank to join distributed ledger technology consortium R3

Itaú Unibanco, the largest private sector bank in Latin America, has signed a partnership agreement with R3, an international innovation firm, for developing solutions from Blockchain-based distributed ledger technologies. Blockchain, the solution behind Bitcoin and other cryptocurrencies, is a successful example of the practical application of distributed ledger technologies. In addition to cryptocurrencies, this technology…

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April 25, 2016 BY Mike Fox

Tickmill hits record monthly trading volume of over $32 billion

Global ECN broker Tickmill, authorised and regulated as a securities dealer by the Financial Services Authority (FSA) of Seychelles is proud to announce it hit a new record in March 2016 as trading volumes rose by 45% from a previous landmark of $22 billion in February to over $32 billion in March. Additionally, a unique Gold…

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April 25, 2016 BY Mike Fox

Saxo Bank introduces 'FX Tiered Margining'

Saxo Bank today announced it will be reducing margin requirements across its FX trading offering of FX Spot, FX Forwards and FX Options. With margin rates starting as low as 1%, you can now trade major FX currency pairs with up to 100:1 leverage, and its new simple FX Tiered Margin structure makes margin requirements clear on every…

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