Wealth managers see technology as crucial to retain competitive edge

April 20, 2016 BY Maria Nikolova

Wealth managers see technology as crucial to retain competitive edge – Survey

Wealth managers see the role of technology for maintaining a competitive edge as vital, according to a research conducted by Saxo Markets, the Institutional Division of Saxo Bank, and provider of research services for wealth managers Compeer. The survey shows that 71% of respondents believe the superior technology of competitors is a threat to attracting…

April 20, 2016 BY Maria Nikolova

Swissquote unveils redesigned website

Swiss online trading, investment and banking services provider Swissquote Group Holding SA (SWX:SQN) has just presented the financial industry with its renovated website https://en.swissquote.com. In tune with the latest trends in the financial services sector, the website puts the accent on imagery and various visual content, while reducing the amount of text for making navigation…

April 20, 2016 BY Maria Nikolova

Japan's FSA adds investment project FestA to Warning List

Japan's Financial Services Agency (FSA) has just updated its Warning List including the names of individuals and businesses that unlawfully target Japanese investors. Amid the latest additions is FestA, operating via https://kabu-festa.com. This is an investment project offering hefty returns to those who entrust their money in a variety of schemes, most of which involve…

April 20, 2016 BY Mike Fox

Interactive Brokers achieves record setting Q1 2016 results at $489 million revenue

Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic broker and market maker, today reported diluted earnings per share on a comprehensive basis of $0.60 for the quarter ended March 31, 2016, compared to diluted earnings per share on a comprehensive basis of ($0.24) for the same period in 2015. Excluding other comprehensive…

April 19, 2016 BY Mike Fox

NYSE Amex Options launches Binary Return Derivatives (ByRDs) “binary” options product

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…

April 19, 2016 BY Maria Nikolova

UK regulator warns against FX broker Explore Markets Limited

The 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…

April 19, 2016 BY Mike Fox

HKEX announces plans for additional RMB currency futures; includes Euro, Aussie

Hong 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…

April 19, 2016 BY Maria Nikolova

UK court orders boiler room fraudsters to pay £11 million in compensation

Southwark 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…

April 19, 2016 BY Maria Nikolova

FCA aims to launch redesigned website in June

Having 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…

April 19, 2016 BY Mike Fox

Admiral Markets releases new day session only indicator for MT4 Supreme

Admiral 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…