December 14, 2015 BY LeapRate Staff

Paysafe shares drop 9% as CVC and Investcorp sell their stake in the company

Paysafe Group Plc (LON:PAYS) saw its shares plummet 9% on Friday, as two of its major shareholders exited their investment in the payment services company. Private investment firms CVC Capital Partners and Investcorp Technology Partners announced late Thursday their intention to sell their entire 7.3% stake in Paysafe, comprising 35.1 million Paysafe shares. The shares were to be…

Read more
December 14, 2015 BY Maria Nikolova

Alpari International changes trading conditions for fix.mt4 and pro.mt4 accounts

Mauritius-registered Forex broker Alpari International Limited has announced pending changes to the terms for fix.mt4 and pro.mt4 accounts, to be implemented on December 21, 2015. As part of these changes: fix.mt4 accounts will become standard.mt4 accounts; pro.mt4 accounts will become ecn.mt4 accounts. Also, the server name for both account types will change. After the trading…

Read more
December 14, 2015 BY Maria Nikolova

ASIC publishes clearing rules for OTC derivatives

The Australian Securities & Investments Commission (ASIC) today published the rules implementing Australia's mandatory central clearing regime for over-the-counter (OTC) derivatives of financial institutions – the ASIC Derivative Transaction Rules (Clearing) 2015 and explanatory statement. The rules are released after a consultation on the matter was opened in May this year. The key aim of…

Read more
December 14, 2015 BY Maria Nikolova

Japanese OTC Forex volumes drop 20.3% MoM in November 2015

Earlier today, the Futures Financial Association of Japan (FFAJ) posted the monthly operating metrics of its members that offer Forex and binary options trading over the counter for November 2015. The Forex and binary options segments both showed pronounced drops in trading volumes last month, with Forex volumes dropping 20.3% from October 2015 levels and…

Read more
December 13, 2015 BY LeapRate Staff

Top Bitcoin Myths – #9: Bitcoin has no intrinsic value

The following guest post is one of a series courtesy of Marco Streng, CEO and Co-founder of Genesis Mining. [divide] It is commonly argued that Bitcoin has no intrinsic value. To address these concerns, it is important to first understand what defines value. In terms of a currency, value must meet the following criteria: Means of…

Read more
December 12, 2015 BY Maria Nikolova

Invast Securities sees revenues hit lowest level since August 2014

Japanese online trading company Invast Securities Co., Ltd. (TYO:8709) on Friday published its financial metrics for November 2015, with the numbers showing a continued month-on-month drop in revenues. Invast said its operating revenues for November 2015 amounted to JPY 244 million ($2.01 million), the weakest reading since August 2014. The result for last month was…

Read more
December 12, 2015 BY Maria Nikolova

GMO Click registers 7.3% MoM drop in operating revenues in November 2015

GMO Click Holdings Inc (TYO:7177), the parent company of Japanese online trading giant GMO Click Securities, on Friday posted its monthly financial report for November 2015. The data showed continued slide in operating revenues, which totalled JPY 2.04 billion ($16.8 million) in November 2015, the lowest mark since the start of GMO's fiscal year. The…

Read more