The Cyprus Securities Exchange Commission (CySEC) today announced that its Board has decided to impose a fine of €100,000 on Forex broker CommexFX Ltd for violations of the Investment Services and Activities and Regulated Markets Laws of 2007. The violations were committed in March and April 2015 and consist of “Dealing on own account” without…
Read moreJava runtime solutions provider Azul Systems (Azul) today announces that it has enhanced Zulu Embedded, its open source Java Virtual Machine (JVM) based on OpenJDK. The upgraded solution supports 32-bit ARM processors, the most popular processor architecture for embedded systems. Zulu Embedded now provides support for processors based on the ARM v6, v7 and 32-bit…
Read moreLars Seier Christensen, Saxo Bank co-founder and longtime co-CEO, who has set up a new venture capital firm Seier Capital, is about to unveil a new project with Bjarne Riis, a former manager of the Tinkoff-Saxo team and 1996 Tour de France winner. In a blog post, Mr Christensen states that he and Riis have been…
Read moreGaming and betting provider Ladbrokes PLC (LON:LAD) has earlier today published its report for the full year 2015, with the report including an update regarding the anticipated merger with certain businesses of Gala Coral Group Limited. Ladbrokes said the merger is on track with shareholders' approval secured in November 2015 and the Competition and Markets Authority…
Read moreBeing true to its transparency commitment, retail Forex broker EXNESS today published a report by leading auditing firm Deloitte regarding the broker's performance in the final quarter of 2015. The audit showed that the broker's trading volumes for the three months to December 31, 2015, amounted to $559.4 billion, down from the result of $599.3 billion…
Read moreInternational payment services provider Paysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, has signed an agreement with HomeSend, joint venture between MasterCard, eServGlobal and BICS. Through the agreement, Paysafe’s NETELLER and Skrill services will use the HomeSend global payments hub to offer more sending destinations and payment options for receiving cross-border money transfers. This is…
Read moreMulti-asset trading and investment services provider Saxo Bank announced today that it will keep using its sponsorship of Formula One racing driver Romain Grosjean in 2016 to showcase the strength and value of financial technology and innovation to the future of finance. Saxo Bank has had a high-profile presence in the FIA Formula One World Championship…
Read moreTrading technology developer MetaQuotes Software keeps enhancing the technical analysis capabilities of the web version of the highly popular MetaTrader 4 (MT4) platform. About a week after the company announced the addition of Bill Williams’ indicators to the lineup of technical analysis tools on MT4 Web, there is one more positive piece of news in this…
Read moreLeapRate has learned that Dubai-based FX liquidity and white label solutions provider Fortress Prime has hired Nidal Abdelhadi as its new Senior Executive Manager, essentially akin to the position of CEO. Mr. Abdelhadi joins Fortress Prime from Swissquote Group Holding SA (SWX:SQN), the largest online trading and eFX broker in Switzerland. At Swissquote Mr. Abdelhadi was Head of Institutional Sales.…
Read moreFinancial technology company Fortex, Inc., and provider of direct market access (DMA), brokerage & asset management services Axiory, have announced their partnership that will see Axiory offer the Fortex MT4 Web Trader to its clients. Fortex's state-of-the-art MT4 Web Trader platform, which features a fully responsive design, will be available to Axiory's growing base of…
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