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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February 11, 2016 BY Mike Fox

ThinkForex waives deposit and withdrawal charges in new campaign

Australian and UK regulated brokerage ThinkForex announces today the launch of their latest campaign that waives all fees and charges for payments made during the month of February. The multi-asset provider will reward clients that make a deposit or withdrawal during the campaign period by wiping off any fees and charges from bank and payment providers. ThinkForex offers a…

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February 11, 2016 BY Maria Nikolova

FXOpen UK cuts commissions for ECN accounts

FCA-regulated retail Forex broker FXOpen UK has announced commission reduction and a new fee structure for ECN accounts. The commissions are now as low as 1.5 units of base currency per side per lot. The change to trading conditions came into force on February 8, 2016, the broker said. All accounts of existing FXOpen UK…

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February 11, 2016 BY Maria Nikolova

DGCX's new single stock futures now available to trade on MT5

Trading software developer MetaQuotes Software and the Dubai Gold and Commodities Exchange (DGCX) have taken their partnership to a new level, as the new single stock futures that DGCX launched in January 2016 are now available to trade via MetaTrader 5 (MT5). The Exchange currently offers 15 single stock futures of five US and ten Indian…

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February 11, 2016 BY Mike Fox

Q & A: Cappitech CEO discusses Forex trade reporting and EU regulation

This week LeapRate spoke with Ronen Kertis, President and CEO of Cappitech, a privately held financial technology boutique. Mr. Kertis has been innovating at the cross-section of tech and finance since 2000, where he's held CTO roles at ITG Europe and ITG Asia, before serving as CEO of ITG Israel. Cappitech has expertise in developing FIX…

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February 11, 2016 BY Maria Nikolova

SFC issues warning against fake Hong Kong securities market regulator

The Securities and Futures Commission (SFC) has earlier today updated its Alert List, with the latest additions including a fake Hong Kong regulator. The SFC warns that the Hong Kong Foreign Investments Trade Authority (HKFITA) is falsely claiming to be a regulatory body for the securities and futures markets in Hong Kong. HKFITA is providing…

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February 11, 2016 BY Maria Nikolova

Technician app offers access to WaveBasis Elliott Wave Power Tools

Trading and charting application Technician, which launched in July last year, keeps beefing up the technical analysis capabilities available to its users. The company has just announced the launch of the WaveBasis Elliott Wave Power Tools, an innovative technology in Elliott Wave detection and analysis, which is available exclusively on the Technician platform. WaveBasis, in…

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February 11, 2016 BY Mike Fox

U.S. retail Forex brokers drop 4.7% in assets MoM for December 2015

This month data from the CFTC from reports filed by January 28th, 2015 reveal that Forex brokers within the United States for December 2015 dropped 4.7% in assets to $544,087,054 from November’s $570,939,506 total (see graph above). December usually sees a drop due to end of year withdrawals and not to mention the very volatile market which could have seen…

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