New service to complement existing offering and capture bespoke derivatives business that would otherwise have been conducted OTC.
Read moreThe U.S. Commodity Futures Trading Commission (Commission) today issued order of exemptions from registration as a derivatives clearing organization (DCO) to Japan Securities Clearing Corporation (JSCC) and Korea Exchange, Inc. (KRX). The Commission issued this order based on its authority under Section 5b(h) of the Commodity Exchange Act. This provision permits the Commission to exempt…
Read moreThe UK Serious Fraud Office (SFO) has provided an update regarding its investigation into Global Forex Investments and Global Forestry Investments, fraudulent investment schemes that have led to multi-million losses for UK investors. The start of the criminal investigation was officially announced in February this year, when the SFO asked people who have invested funds…
Read moreLeapRate Exclusive... LeapRate has learned that FCA-regulated MT4 broker ActivTrades has been the latest Forex Industry victim of a hack attack. We had earlier reported that FXCM Inc (NYSE:FXCM) suffered a hit by hackers which saw client information compromised and even some wire transfers initiated (note that this did not occur in the ActivTrades hack, more…
Read moreIntercontinental Exchange Inc (NYSE:ICE), an international network of exchanges and clearing houses, has just announced that it has reached a definitive agreement to acquire financial market data provider Interactive Data Corporation (IDC). ICE is acquiring the company from technology investing firm Silver Lake and private equity firm Warburg Pincus. The deal is valued at approximately…
Read moreShortly after the U.S. Commodity Futures Trading Commission (CFTC) starting publishing a RED List of binary options and Forex brokers that target US investors without having the necessary registration to do so, the wave of alerts against the dangers of binary options continues across the United States. The US Financial Industry Regulatory Authority (FINRA), which has…
Read moreAfter several months during which visitors of the corporate website of Cypriot Forex broker CommexFX saw a message saying “Suspended for 15 days”, all of the information about the broker disappeared from the website as its domain name has expired. Since Friday – October 23, 2015, visitors of commexfx.com have seen an announcement that the…
Read moreLeapRate Exclusive... LeapRate has learned that Australia-based retail forex broker AxiTrader has hired two senior institutional sales people away from Gain Capital Holdings Inc (NYSE:GCAP), as part of AxiTrader's continued buildup of its FCA-regulated UK arm and European business. Lloyd Moncur joins AxiTrader, reporting directly to AxiTrader General Manager Alex Mackinnon, after having served as Director Institutional…
Read moreBank of Russia, the financial “Megaregulator” that is responsible for the Forex industry in the country too, has had an Instruction regarding the business activities of Forex brokers published in its official newspaper today. The Instruction includes 11 standards, or standard requirements, which Forex brokers willing to be and stay regulated in Russia should meet.…
Read moreTrad-X, the OTC derivatives trading platform of Compagnie Financiere Tradition SA (SWX:CFT), today announced some impressive operating metrics concerning USD interest rate swaps (IRS). The company said that total USD interest rate swaps (IRS) trading volumes since launch on Trad-X, have now exceeded $2.5 trillion, with the period starting in January 2015 accounting for more…
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