March 31, 2016 BY Mike Fox

ESMA fines DTCC Derivatives Repository Limited €64,000 for data access failures

The European Securities and Markets Authority (ESMA) today has fined the trade repository DTCC Derivatives Repository Limited (DDRL) €64,000, and issued a public notice, for negligently failing to put in place systems capable of providing regulators with direct and immediate access to derivatives trading data. This is a key requirement under the European Markets and…

Read more
March 31, 2016 BY Maria Nikolova

MetaQuotes updates MT5 app for iOS gadgets

MetaQuotes Software, the developer of the famous MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, has taken the hedging capabilities recently introduced to MT5 to another level. The company has just released build 1261 of MetaTrader 5 application for iOS, with the new version of the app featuring hedging. This means that traders can open opposite…

Read more
March 31, 2016 BY Maria Nikolova

Saxo Bank launches #TradeRomain trading strategy contest

Multi-asset trading and investment services provider Saxo Bank, staying committed to its sponsorship of Formula One racing driver Romain Grosjean, has launched a contest for Trading Strategies. Traders can tweet their strategies, getting a chance to win a EUR 700 travel gift card. The contest is open to individuals, who are 18 years of age…

Read more
March 31, 2016 BY LeapRate Staff

FlexTrade Systems expands FX sales staff for APAC region

After recently building its sales staff in the EMEA region, FlexTrade Systems, a global leader in multi-asset execution and order management systems, today announced the appointments of Tim Wong, Maroof Khan, and Dan Enstedt as Vice Presidents of Business Development, Multi-Asset Sales, for the company’s APAC region. According to Manish Kedia, Managing Director of FlexTrade Systems…

Read more
March 31, 2016 BY LeapRate Staff

CMC Markets quarterly trading update: Client growth 13% YoY

Newly-public CMC Markets Plc (LON:CMCX) has issued its first Trading Update as a public company, and it looks fairly good. The leading Forex, CFD and spreadbetting broker has a March 31 year end. For its end of year quarter (January-March) CMC stated that trading activity has been 'in-line with expectations with the recent market volatility…

Read more
March 30, 2016 BY Maria Nikolova

SWIFT: Chinese yuan accounts for 1.76% of global payments in Feb'16

SWIFT has earlier today published the latest edition of its RMB Tracker, the monthly report that monitors the international adoption of the Chinese currency. The yuan accounted for 1.76% of international payments by value in February 2016, down from a share of 2.45% in January 2016. Despite the fall, the Chinese currency remains at #5…

Read more
March 30, 2016 BY Maria Nikolova

Russia introduces prison sentences for financial scammers

Organizers of financial pyramids in Russia risk spending up to six years in prison and paying hefty fines, under amendments to the Criminal Code signed today by Russia's president Vladimir Putin. The new penalties are introduced after earlier this month Putin signed another law that introduced fines for those who support financial pyramids by presenting them…

Read more
March 30, 2016 BY Maria Nikolova

Redline Trading Solutions adds support for OTC Markets Group market data

Securities markets operator OTC Markets Group Inc (OTCMKTS:OTCM) today announced its Real-Time+ market data is now supported by Redline Trading Solutions, Inc. Thanks to the collaboration, Redline customers gain access to real-time Level 1 and Level 2 quotes and reference data on 10,000 OTCQX, OTCQB and Pink securities to inform their trading applications. Matthew Fuchs,…

Read more