Shortly 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…
Read moreEarlier today, CFD broker Plus500 Ltd (LON:PLUS) published information about a transaction in its shares. In a transaction dated October 23, 2015, JPMorgan Chase & Co. (NYSE:JPM) increased its holding in the broker to 7.04%. The investment bank (which is probably acting on behalf of its clients), purchased 427,587 ordinary shares in the broker, thus…
Read moreFidessa Group plc (LON:FDSA), provider of trading, investment and information solutions to the financial industry, has announced that the appointment of Andy Skelton as its Chief Financial Officer became effective today. In his new role, Mr Skelton succeeds Andy Malpass, who is stepping down as Fidessa's CFO today. He will, however, remain an executive director…
Read moreInternational derivatives broker Sucden Financial Limited continues to strengthen its management. After naming Gavin Parker Chief Operating Officer in September this year, the company keeps beefing up its senior management team and today announced two new additions to this team. Marc Bailey joins Sucden as Managing Director, whereas Toby Osborne has been appointed as Finance Director.…
Read moreBusiness flow performance analytics firm Velocimetrics has made a step towards helping Forex brokers to detect issues related to market data quality. The company is now making it possible to assess the live performance of price information sent between Forex brokers and trading partners via FIX and other protocols. Thus, Forex brokers will be alerted…
Read moreLeapRate Exclusive... LeapRate has learned that ASIC regulated retail forex broker MahiFX has been successful in bringing down the website of clone broker Great Trade. We had earlier exclusively reported on the existence of Great Trade back in August, and of MahiFX's continued attempts to get them offline. The Great Trades website was at great-trade.net,…
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