February 12, 2016 BY Maria Nikolova

Saxo Bank Securities to change margin requirements for certain stock CFDs

Saxo Bank Securities K.K., the Japanese business of multi-asset trading and investment services provider Saxo Bank, is about to change the margin requirements for a set of stock CFDs. Effective February 13, 2016 (0:30), the company is changing the minimum margin required for positions with the following stock CFDs: Deutsche Bank, DB:xnys, DBK:xetr; First Solar…

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February 11, 2016 BY Mike Fox

Open interest hits all-time high in Renminbi futures on HKEX

Hong Kong Exchanges and Clearing Limited (HKEX) the Hong Kong securities and derivatives market announced another record-setting day today for HKEX’s RMB Currency Futures contracts. Open interest hit an all-time high of 32,009 contracts (US$3.2 billion notional), and volume on February 11th hit 7,711 contracts (US$771 million notional), the second highest ever. Today was also the fourth consecutive…

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February 11, 2016 BY Mike Fox

NetDania apps now available for Canadian clients of Friedberg Direct

Netdania, the Denmark headquartered creator of streaming price technology and charting for web applications in FX has announced that Canadian clients with Friedberg Direct accounts will soon be able to access their trading accounts through the NetDania apps, no specific date was mentioned. Founded in 1998, NetDania pioneered streaming price technology, and have since delivered solutions to global…

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February 11, 2016 BY LeapRate Staff

Russia’s oil price problems

The following post is courtesy of Simon Smith, Chief Economist at FxPro. For more FxPro market research and insights click here. [divide] I remember around 10 years ago meeting an analyst who covered Russia. This seemed a very interesting opportunity to learn about how the Russian economy and its relationship with the world. Yet his presentation…

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February 11, 2016 BY LeapRate Staff

Fortress Prime begins processing client payments - LeapRate Exclusive

LeapRate Exclusive... Following on our earlier exclusive report on the real story behind the recent happenings at Fortress Prime, LeapRate has learned that the Dubai-based FX liquidity and white label solutions provider has begun processing client payments and refunding amounts owed. We understand that the majority of Fortress Prime clients have begun to receive repayments, which…

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February 11, 2016 BY Maria Nikolova

Payfriendz partners with Paysafe to launch P2P social payments app, virtual MasterCard solution

International payment services provider Paysafe Group Plc (LON:PAYS) today announced that it is chosen by Payfriendz to enable the launch of its P2P social payments app and virtual MasterCard solution. As a result of the partnership, Paysafe provides Payfriendz with a set of payment processing and card services. A Principal Member of MasterCard and authorised…

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February 11, 2016 BY Maria Nikolova

Moscow Exchange registers 39.9% MoM drop in CNY/RUB volumes in January

Moscow Exchange, or Moskovskaya Birzha MMVB-RTS PAO (MCX:MOEX), saw the traditional decline in monthly trading volumes in January, primarily due to the winter holidays season in Russia. The overall picture was reflected in the detailed Forex volumes metrics for January 2016, which MOEX published today. The data pointed to decreases in monthly trading volumes across…

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February 11, 2016 BY Mike Fox

OANDA partners with Kenandy to bring Forex rates to the cloud

OANDA | Solutions for Business, the corporate-focused business unit of OANDA Corporation, a leading Forex services provider, announced today that it will partner with Kenandy, developer of the only complete ERP solution on the Salesforce App Cloud, to provide a new FX rates service in the cloud. The partnership enables Kenandy to automatically deliver accurate FX rates to all of…

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February 11, 2016 BY Maria Nikolova

South Africa's FSB grants 635 financial service providers licenses in FY 2015

South Africa's Financial Services Board (FSB) has just published its Annual Report for the fiscal year to March 31, 2015, providing some key numbers regarding the oversight of financial service providers (FSPs), a group which includes investment intermediaries such as Forex brokers. The regulator reported that its Financial Advisory and Intermediate Services (FAIS) division authorized…

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