April 13, 2016 BY LeapRate Staff

Australia regulator ASIC fines Deutsche Bank for trading violations

Australia financial regulator ASIC has issued an AUD $20,000 fine to the Australian unit of German banking giant Deutsche Bank AG (FRA:DBK), to comply with an infringement notice given by ASIC's Markets Disciplinary Panel. The penalty was for Deutsche Bank failing to make the necessary enquiry through the message facility of the ASX 24 Market and wait…

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April 13, 2016 BY Maria Nikolova

Saxo Payments partners with payments solution provider FC Exchange

Saxo Payments, a global transactions services provider which is a part of Saxo Bank, has entered into a new partnership with currency broker and international payments solution provider FC Exchange. Under the terms of the new agreement, the Saxo Payments Banking Circle will help FC Exchange deliver sophisticated solutions to its clients. FC Exchange provides…

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April 13, 2016 BY LeapRate Staff

Standard Bank South Africa deploys TradAir eFX solution for Dollar-Rand market making

eFX trading solutions provider TradAir has announced that Standard Bank South Africa (SBSA) has deployed its complete eFX trading platform as part of strategic vision by SBSA to dominate Dollar Rand (USDZAR) market-making globally, and create regional market-making specialists across Africa.  SBSA is the largest bank in Africa. It will be deploying TradAir to all…

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April 13, 2016 BY LeapRate Staff

Nathan Schleifer and Galileo Trading banned by the CFTC and fined $1.6 million for commodities fraud

The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Nathan Schleifer of New York City, and his company Galileo Trading LLC for fraudulently soliciting customers to trade commodity futures, and for repeatedly making numerous false statements and material misrepresentations to the National Futures Association (NFA) regarding their trading practices. From at least 1999 through…

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April 12, 2016 BY Mike Fox

ETX Capital appoints industry veteran Arman Tahmassebi new COO

London based FCA regulated brokerage ETX Capital today announced the appointment of Arman Tahmassebi as Chief Operating Officer (COO). Mr. Tahmassebi's most recent prior appointments in the London brokerage industry include serving as Chief Operating Officer at London Capital Group from January 2015 to January 2016 as well as Global Head of Operations at IG…

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April 12, 2016 BY Maria Nikolova

Nadex registers 68% YoY jump in trading volume in Q1 2016

North American Derivatives Exchange (Nadex), part of IG Group Holdings plc (LON:IGG), has just posted some operating metrics for the first quarter of 2016, with the three-month period bringing a record year-on-year growth in both number of trades and trading volumes. The total number of trades in the first quarter of 2016 was up 64%…

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April 12, 2016 BY LeapRate Staff

Japan's Money Partners Group joins Kraken Series B investment round

Kraken - one of the world’s largest Bitcoin, Ethereum and digital asset exchanges - has announced an investment from Money Partners Group, one of Japan’s leading foreign exchange brokerages, as part of Kraken's Series B financing round. While Kraken didn't disclose the size or terms of the Money Partners Group investment, we believe it is in the multi-million dollar range. Tokyo-based Money…

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April 12, 2016 BY Maria Nikolova

CySEC orders firms to investigate any links to Mossack Fonseca

The Cyprus Securities and Exchange Commission (CySEC) today issued a circular addressed at all regulated entities, including Cyprus investment firms (CIFs), in relation to the so-called “Panama Papers”. The securities regulator notes that after the leak of documents of Mossack Fonseca, a series of documents referred to as “Panama Papers” appeared online. These documents refer…

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