March 04, 2016 BY LeapRate Staff

Pepperstone's Owen Kerr on CHAMP investment - LeapRate Exclusive Interview

LeapRate was first to break the story on Thursday of Australian retail forex broker Pepperstone securing a multi-million dollar investment, which was then copied on several other blogs. We're now pleased to bring our readers another first, in the form of an exclusive interview on the investment with Pepperstone CEO Owen Kerr. The investment in Melbourne-based Pepperstone…

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March 04, 2016 BY Maria Nikolova

IG enables direct access to IG Community through web platform

Leading online trading services provider IG Group Holdings plc (LON:IGG) has recently made access to the IG Community easier. Clients of the broker can now access the Community, an online space where one can discover new strategies, discuss market events and share insight with other traders, directly through the web platform. Traders will find the Community…

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March 04, 2016 BY Maria Nikolova

IBFX Australia bids goodbye to clients

Visitors of the website of IBFX Australia were today greeted with a short notice announcing that the company has decided to halt forex operations. Ex-clients of the company are encouraged to contact the customer support service if they have any questions. The announcement comes less than a fortnight after OANDA said that it had agreed to…

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March 04, 2016 BY Maria Nikolova

Hong Kong's SFC issues warning against securities brokerage Galaad Capital Group

Hong Kong's Securities and Futures Commission (SFC) keeps updating its Alert List and today added one more unlicensed entity to it - Galaad Capital Group. Galaad Capital Group, operating from www.galaadcapitalgroup.com, is offering a range of trading services, including Forex services. The company provides the following address: 28th Floor, New World Tower, 16 Queen’s Road…

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March 04, 2016 BY Maria Nikolova

Russia's NSD introduces PVP settlement service

Russia's National Settlement Depository (NSD), part of the Moscow Exchange group of companies, has launched a new service enabling the processing of client cross-currency settlements – payment versus payment (PVP-1). PVP is a cash settlement principle expanding the reliability of settlements and assuming that a participant’s cash transfer in one currency occurs if another participant’s…

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March 04, 2016 BY Maria Nikolova

Japanese FX broker Hirose to cut leverage on LION FX platform

Japanese FX and binary options broker Hirose, which is planning a public float of its shares later this month, has announced pending changes to the trading conditions for owners of corporate accounts for its LION FX platform. Effective April 11, 2016, the broker will be reducing maximum leverage for such accounts from 1:200 to 1:100. The…

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March 03, 2016 BY Maria Nikolova

Pepperstone secures strategic investment from CHAMP Private Equity

Australian retail Forex broker Pepperstone today announced that it has secured a major strategic investment from CHAMP Private Equity, one of Australia's leading PE firms. Melbourne-based Pepperstone founder is partnering with CHAMP in order to support the broker's expansion. Pepperstone intends to open offices in multiple new regions this year. In order to further boost their…

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March 03, 2016 BY Maria Nikolova

ICE registers 15% MoM drop in FX volumes in February 2016

Operator of exchanges and clearing houses Intercontinental Exchange Inc (NYSE:ICE) has earlier today posted its key operating metrics for February 2016, with Forex volumes continuing the slide exhibited in January 2016. Average daily volumes for FX&Credit exchange-traded contracts amounted to 33,000 contracts, down 15.4% from the result of 39,000 contracts registered in January 2016. The…

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March 03, 2016 BY Maria Nikolova

Dukascopy reduces maximum leverage on USD/HKD

Swiss Forex broker Dukascopy today announces pending changes to trading conditions for USD/HKD (US dollar vs Hong Kong dollar). Dukascopy Bank and Dukascopy Europe will be reducing maximum leverage for exposures on USD/HKD to 1:10, effective March 9, 2016 (11:00 GMT). The move reflects the possibility of the abolishment of the USD/HKD peg and the…

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