The following article is courtesy of Marshall Gitler, Head of Investment Research for FXPRIMUS. [divide] The market is starting to get worried about the global financial system again. In particular, the European banking system is worrying people considerably. Since the beginning of last year, European bank stocks have done even worse than the oil &…
Read moreUK online Forex, CFD and spreadbetting broker CMC Markets plc (LON:CMCX) has had somewhat of a rocky start as a public company. The company's shares dropped 5% on Monday to close at £2.28 in their first full day of trading on the London Stock Exchange, following CMC's IPO last week at £2.40 per share. Nearly 4 million CMC…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published a trading statement for the third quarter of its fiscal year to March 31, 2016, with revenues for the period down but the proposed deal with Tullett Prebon Plc (LON:TLPR) being on track. In November 2015, ICAP agreed…
Read moreLeading Australian retail Forex and CFD broker AxiTrader has just announced a set of new additions to the offering for its clients, including the launch of a browser-based version of the popular MetaTrader 4 (MT4) platform, new trading instruments and lower spreads. MT4 WebTrader AxiTrader has joined the group of Forex brokers offering the web version…
Read moreThe stock market can be a very unforgiving place. Following our report yesterday that money transfer services provider OzForex Group Ltd (ASX:OFX) was calling off its acquisition talks with The Western Union Company (NYSE:WU), OzForex shares took a nosedive to the tune of 42%, closing the day Monday at AUD $1.79. The previous day's close was AUD…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has officially issued an order allowing certain Korea Exchange (KRX) members to solicit and accept orders as well as accept funds directly from U.S. customers, without having to register with the CFTC as futures commission merchants (FCMs). The order is only for client trading on the KRX. The…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) today announced that on January 29, 2016, the Honorable Richard M. Berman, U.S. District Judge for the U.S. District Court for the Southern District of New York, ordered Defendants 4X Solutions, Inc. (4X) and its principal, Whileon Chay, both of New York City, jointly and severally to disgorge…
Read moreWe don’t normally post on Forex awards at LeapRate, but when companies which serve the industry win recognized awards outside the sector it is worth mentioning. Forex Research and White Label Media firm Invest Diva's CEO Kiana Danial has won such an award for her work. New York Business Journal honored Kiana Danial, CEO of Invest…
Read moreThomson Reuters released January Forex volume data showing daily spot trading volumes on currency trading platforms run by Thomson Reuters rebounding sharply in January from the previous month. Spot currency trading volume on Reuters platforms totaled $123 billion last month, up 35% from $91 billion in December - traditionally the lightest month of the year - and…
Read moreIn a bid to protect the banking sector from possible further ruble declines, The Bank of Russia officially suggested over the weekend setting increased risk ratios on FX loans and debt investments to ensure additional capital coverage of currency risks of the banking sector. In particular, an increased risk ratio equal to 1:1 is envisaged to be imposed on…
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