December 01, 2015 BY LeapRate Staff

SEC charges Josh Garza in Bitcoin mining Ponzi scheme fraud

The US Securities and Exchange Commission (SEC) today charged two Bitcoin mining companies and their founder with conducting a Ponzi scheme that used the lure of quick riches from virtual currency to defraud investors. The SEC alleges that Josh Garza perpetrated the fraud through his Connecticut-based companies GAW Miners and ZenMiner by purporting to offer shares…

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December 01, 2015 BY Maria Nikolova

FxPro bolsters lineup of spot indices with four new instruments

Retail Forex broker FxPro keeps expanding the offering of trading instruments for its clients. Today the company announced the launch of four new spot indices: • US30 (Dow Jones Industrial Average); • USSPX500 (S&P 500); • AUS200 (ASX 200); • Japan225 (Nikkei 225). The new instruments complement a menu of dozens of spot indices from various…

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December 01, 2015 BY Maria Nikolova

LME Clear launches new trade compression service

LME Clear, the clearing house for the London Metal Exchange (LME) market, on Monday announced the successful rollout of two new services: trade compression and the ability to post metals warrants as collateral. The new trade-compression service enables members to cut the notional value of their positions and simplify their portfolio management. It also enables…

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December 01, 2015 BY LeapRate Staff

Former Varengold CEO Yasin Qureshi on his new trading app SwipeStox - LeapRate Exclusive

LeapRate Exclusive Interview... We had reported a few weeks ago about a very interesting partnership brewing in online trading, with some very well-known names in some new places. Specifically, former CMC Group CEO Roger Hynes and his new consulting firm Black Lake Financial have become engaged to help get off the ground a new trading app called SwipeStox,…

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December 01, 2015 BY Maria Nikolova

eToro adds 100 new instruments to offering

Social investment expert eToro has boosted its offering for traders via the addition of 100 new instruments. The new instruments include Italian and Spanish stocks. The stocks represent various industries, including utilities, consumer goods and basic materials. eToro now also offers a variety of exchange traded funds (ETFs) drawn from different national markets. The list includes…

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December 01, 2015 BY Maria Nikolova

Morgan Stanley to fire a quarter of its FX traders

Poor financial performance is taking its toll on Wall Street investment bank Morgan Stanley (NYSE:MS). As per LeapRate's earlier report, the bank posted a set of disappointing financial metrics for the third quarter of 2015, including a 42% decrease in fixed-income trading revenues. The poor trading results will cost hundreds of jobs at Morgan Stanley, with…

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December 01, 2015 BY LeapRate Staff

AxiTrader adds Autochartist MT4 plugin with advanced automated technical analysis

LeapRate has learned that Australia's leading retail forex broker AxiTrader has made a further investment in offering advanced charting and automated technical analysis tools to it client base, via an expanded partnership with Autochartist. AxiTrader has launched a new Autochartist MT4 Plugin, bringing Autochartist's market scanner directly to the MT4 platform, saving valuable time for traders by…

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December 01, 2015 BY Maria Nikolova

DGCX to introduce physically settled Spot Gold contracts

The Dubai Gold & Commodities Exchange (DGCX) on Monday unveiled its plans to add a new type of contracts to its offering. The Exchange said it would introduce physically settled DGCX Spot Gold Contract for trading on the DGCX platform effective from Monday, December 14, 2015. The contract size for the new instruments (with contract…

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