This month data from the CFTC from reports filed by December 30th reveal that Forex brokers within the United States for December tacked on 0.5% in assets to $570,939,506 from November's $568,155,121 total (see graph above). Notable in the report is the removal of MB Trading whose retail Forex accounts were moved under GAIN Capital though…
Read morePayment solutions provider Paypoint plc (LON:PAY) today announces the sale of its Online Payment businesses comprising PayPoint.net and Metacharge to Capita for a cash consideration of £14 million ($20.5 million). PayPoint first unveiled its plans to dispose of its Mobile and Online businesses when it presented its full year results in May 2015. The company…
Read moreAfter a turbulent start of the year for the Chinese stock markets, as the newly implemented circuit breaker mechanism was activated twice, the Chinese regulators have decided to suspend the solution, in order to keep the markets stable. According to a Xinhua report, referring to a statement from the China Securities Regulatory Commission (CSRC), the mechanism…
Read moreProvider of online payment services Paysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, today published a trading update for the year to December 31, 2015. Along with an upbeat forecast about its full-year revenue and EBITDA, the company said that the integration of digital payments business Skrill Group, the acquisition of which closed in…
Read moreThe Forex industry has been increasingly targeted by clone firms, that is, unauthorized companies that emulate the data, including names, websites, etc., of licensed entities, in order to easily defraud investors. The UK Financial Conduct Authority (FCA) is amid the regulators that actively warn against this practice. The watchdog published a special announcement yesterday regarding…
Read moreNorth American Derivatives Exchange, Inc. (Nadex), part of IG Group Holdings plc (LON:IGG), is seeking to amend the terms of its Free Trading Incentive Program, in a move set to provide its Members with more free trading days. The program originally provided Nadex Members with up to five days of free trading, that is, days…
Read moreLeapRate Exclusive... LeapRate has learned that clients of discount US online stockbroker TradeKing were unable to execute buy and sell orders via the company's website for a while on Thursday morning. A company representative confirmed to LeapRate that TradeKing's website was not communicating properly with the company's order routing system for a few minutes after…
Read moreToday CME Group (NASDAQ: CME) informed us that they've reduced their tick size on EUR/USD futures, so traders can reduce their execution costs. Starting on January 10, CME is officially reducing the minimum price increment for their standard-size EUR/USD futures from 1-pip ($12.50 per contract) to 1/2-pip ($6.25 per contract). Effective Sunday, January 10 (trade date Monday, January 11), the minimum price…
Read moreThe UK Financial Conduct Authority (FCA) has reported a sharp rise in reports about unauthorised trading and brokerage firms. The complaints from consumers concern firms offering trading in foreign exchange, contracts for difference, binary options and other commodities. A common feature of such companies is that they promise artificially high returns and often mention “guaranteed…
Read moreThe UK Financial Conduct Authority (FCA) today issued a special statement, confirming that Acting Chief Executive Tracey McDermott has decided to leave the process to appoint the permanent Chief Executive of the FCA. The Treasury-led recruitment process is still open, with Ms McDermott set to continue as Acting Chief Executive until a permanent replacement is…
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