Russia’s Commission for the regulation of relations in the financial market (KROUFR) has updated its “Black List” of investment firms that customers should be wary of. The latest addition to the “Black List” is Rinkost Markets, a Forex and binary options broker, targeting mainly Russian clientele via https://www.rinkost.ru. KROUFR is including the company in the…
Read moreThe US Securities and Exchange Commission (SEC) today announced fraud charges against three Chicago-based traders accused of circumventing market structure rules in a pair of options trading schemes. The SEC alleges that twin brothers Behruz Afshar and Shahryar Afshar and their friend and former broker Richard Kenny mismarked option orders to obtain execution priority and…
Read moreSaxo Bank Head of FX Strategy John Hardy takes a look at what is arguably one of the ECB's worst communications failures.
Read moreIntercontinental Exchange Inc (NYSE:ICE), an international operator of exchanges and clearing houses, has just published its operating metrics for November 2015. Unlike the majority of the industry, ICE managed to see a rise in Forex volumes last month compared to October 2015. In annual terms, however, the situation was less rosy and Forex volumes staged…
Read moreEBS, the electronic Forex brokerage division of ICAP plc (LON:IAP), has just added its voice to the chorus of companies reporting weak Forex volumes for November 2015. Trading volumes at EBS declined in monthly and annual terms, hitting their lowest level since July 2014, when average daily volumes amounted to meager $70.6 billion. Average daily…
Read moreTrading software developer MetaQuotes Software today announced that it has made a set of enhancements to its MetaTrader 4 (MT4) Web platform. The new developments include a raft of new languages being added, as well as support for technical indicators. The company has completely revised the chart display model to enable the application of multiple…
Read morePaysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, has reported of a transaction in its shares. The transaction, which took place on December 2, 2015, saw Paysafe's President and Chief Executive Officer Joel Leonoff sell 1,150,000 Ordinary Shares of 0.01 pence each in the company on the open market at an average price of…
Read moreFidessa Group plc (LON:FDSA), a provider of trading, investment and information solutions for financial companies, today announced the integration Hanweck Associate’s VoleraFEED™ into its sell-side equities trading platform. Through VoleraFEED, Fidessa will provide users of the platform with access to high-performance options analytics. The Volera® analytics engine employs hardware acceleration to handle today’s highly complex…
Read moreJapanese Forex giant GMO Click Securities, a subsidiary of GMO Click Holdings Inc (TYO:7177), has earlier today published its key operating metrics for November 2015, with the numbers revealing steep decreases in both OTC Forex and on-exchange Forex volumes. In fact, November was even slower for Forex trading than October 2015, which was the weakest…
Read moreFollowing our report yesterday that FXCM Inc (NYSE:FXCM) had closed the sale of its regulated UK CFD arm FXCM Securities to Latvia's AS Expobank - which had been exclusively reported on LeapRate back in July - LeapRate has learned that Expobank has plans for its new FCA regulated arm, including a name change to Walbrook Capital Markets.…
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