ASIC sanctions D2MX over failure to put in place price movement automated filters LeapRate

December 10, 2015 BY Maria Nikolova

ASIC sanctions D2MX over failure to put in place price movement automated filters

Just a day after the Australian Securities & Investments Commission (ASIC) said it had imposed a monetary penalty on Etrade Australia Securities Limited over an order handling infringement, the Australian regulator is again sanctioning a company for similar reasons. D2MX Pty Ltd (D2MX) has agreed to pay a penalty of $120,000 to comply with an infringement…

December 10, 2015 BY Maria Nikolova

CME set to pay annual variable dividend of $977M in Jan 2016

CME Group Inc (NASDAQ:CME) has announced it will pay annual variable dividend of $2.90 per share, giving a total of approximately $977 million. The dividend is payable January 12, 2016, to shareholders of record on December 28, 2015. CME Group adopted its annual variable dividend structure in February 2012 and paid its first annual variable…

December 10, 2015 BY LeapRate Staff

NFA fines Chicago-based XFA $75,000 and relegates it to introducing broker status

The self-regulatory organization for the U.S. derivatives industry, National Futures Association (NFA), has barred Chicago, Illinois based X-Change Financial Access LLC (commonly known as 'XFA') from operating as a futures commission merchant (or 'FCM'), allowing XFA to only operate as an NFA Member introducing broker. In addition, the NFA has ordered XFA to pay a $75,000 fine.…

December 09, 2015 BY Mike Fox

Pragma and MarketFactory announce completion of Forex solution for mutual banking client

Pragma Securities, an independent provider of quantitative trading technology, and MarketFactory, a leading provider of FX market access and pre-trade risk management solutions, announce that they have completed an integration for a mutual global bank client of the two firms. Pragma360 FX offers a full suite of trading tools, including execution algorithms, full transaction cost…

December 09, 2015 BY Mike Fox

Crude oil price volatility leads to record volumes day in WTI futures and options at CME

CME Group (NASDAQ: CME) the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for combined NYMEX WTI futures and options yesterday, December 8, of 1,841,295 contracts compared to the previous record of 1,772,232 contracts on August 31, 2015. Additionally, WTI futures set a trading volume record of 1,595,710…

December 09, 2015 BY LeapRate Staff

EURUSD back above 1.10 for first time in over a month

It used to be that a risk-off trading environment meant a rush to buy US Dollars as the 'safe haven' currency. Not so much any more. For the first time since early November, the Euro is worth more than USD $1.10, as a very jittery market continues to dump commodities (in particular oil) and equities, and…

December 09, 2015 BY Maria Nikolova

OANDA releases updated fxTrade mobile app for Android devices

OANDA Corporation, a global provider of Forex and CFD trading services, today released an updated version of its fxTrade mobile application for Android devices. The enhancements seek to improve the overall trading experience, with the bulk of them focusing on simplifying navigation and work with charts. The list of enhancements includes: Tap current price arrow…

December 09, 2015 BY Maria Nikolova

BGC Partners names Yann Le Gallais Managing Director, Head of Swiss offices

BGC Partners, Inc. (NASDAQ:BGCP), an international brokerage company servicing the financial and real estate markets, today announced the appointment of Yann Le Gallais as Managing Director and Head of BGC's Swiss offices. In his new role, Mr. Le Gallais is responsible for further developing BGC's business by offering a variety of products and services to…

December 09, 2015 BY Maria Nikolova

Foreign Exchange Professionals Association adds new membership categories

The Foreign Exchange Professionals Association (FXPA), a Forex body that started operations in September 2014, today announced that it would be offering additional institutional categories of membership effective January 1, 2016. The new Associate level categories will welcome smaller buy side and technology firms, as well as regional and private banks. Associate Member categories are…

December 09, 2015 BY Maria Nikolova

Tradermade Systems Ltd. rolls out FX Navigator powered by TraderMade

Tradermade Systems Ltd., a provider of real-time market data and proprietary analytics software to central banks, leading corporations, financial institutions and individual traders, today announced the release of FX Navigator powered by TraderMade, an institutional-grade analytical tool for Forex traders. FX Navigator powered by TraderMade features a wealth of capabilities, including: Comprehensive charting and technical…