NYSE Amex Options will initially list ByRDs on 15 highly-liquid equity and ETP securities, including AAPL, BABA, IBM, and SPY, with more names to be added in the future as the program expands (possibly ICE U.S. Dollar Index?). The New York Stock Exchange (NYSE), part of the Intercontinental Exchange (NYSE:ICE), today announced the NYSE Amex Options…
Read moreThe Financial Conduct Authority (FCA) has recently notified the public of a rise in complaints against Forex trading and brokerage firms, with the situation seeing little change since this announcement was made in January this year. The pile of warnings issued against unauthorized Forex and binary options brokers in the UK keeps growing, with the latest…
Read moreHong Kong Exchanges and Clearing Limited (HKEX) plans to introduce additional Renminbi (RMB) currency futures in the second quarter of this year, subject to regulatory approval. LeapRate reported on HKEX's 2015 review where RMB currency futures were cited as a key driver of growth in the FX segment while achieving record volumes for 2015. It…
Read moreSouthwark Crown Court today ordered convicted fraudsters Jeffrey Revell-Reade and Anthony May to pay a total of £11, 001,000 in compensation, following an investigation by the UK Serious Fraud Office into a large-scale boiler room fraud. Jeffrey Revell-Reade, 51, was ordered to pay a £10,751,000 confiscation order, whereas Anthony May, 60, was ordered to pay…
Read moreHaving a stable website with good design is crucial for any business and institution nowadays – that is an obvious statement to make, especially in the FX industry where IT issues make the difference between “make it” and “break it”. This must be the main idea for the UK Financial Conduct Authority (FCA), which is…
Read moreAdmiral Markets UK regulated by the Financial Conduct Authority today provided an update to its MetaTrader 4 Supreme Edition. The company has put a lot of resources into customizing its MT4 Supreme Edition, which provides boosted conveniences and performance-enhancing tools. Now the firm just added a Day Session indicator to the supreme MT4 plugin which can hide candles generated during…
Read moreLeapRate Exclusive Interview... LeapRate has learned that Stuart McPhee has joined Copenhagen-based algo trading tools developer Tradeworks, which we earlier reported has just completed a $500,000 capital raise. McPhee is a fairly well known and recognized celebrity in the FX trading world. The trading expert and author of Trading in a Nutshell has spent most of the last…
Read moreAnother industry move we learned about today within the London brokerage scene has seen Mr. Michael Herron get appointed as a director of ThinkForex in London. ThinkForex is a trading name of TF Global Markets (UK). According to Mr. Herron's LinkedIn he has six years of experience at City Index serving as Global Head of Legal and…
Read moreInternational provider of financial information services Markit Ltd (NASDAQ:MRKT) today announces that Santa Fe-headquartered Thornburg Investment Management (TIM) has selected its enterprise data management (EDM) solution. TIM, a global investment firm with $56 billion in assets under management, will implement Markit EDM to address data quality and governance issues in the firm’s legacy applications and…
Read moreIn an official filing today we learned that FCA authorised and regulated, Z.com Trade, part of the GMO CLICK Group, has seen the departure of Finance Manager Liam Bonfield. Previous FX industry experience prior to Mr. Bonfield's role at Z.com has seen him serve as Middle Office Manager at London Capital Group (LCG) from January 2012 to October 2013…
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