KVB Kunlun, CITIC Securities finalize share purchase deal LeapRate

May 29, 2015 BY Maria Nikolova

KVB Kunlun, CITIC Securities finalize share purchase deal

CITIC Securities still has to make an unconditional mandatory cash offer for all of KVB Kunlun's issued share capital.

May 29, 2015 BY Maria Nikolova

Swiss franc turmoil leads NFA to tighten US Forex rules

The case of “one Forex dealer member” that suffered losses on Black Thursday has led to profound changes in US Forex regulation, including higher capital requirements.

May 29, 2015 BY LeapRate Staff

Clarification: Plus500 not forcing clients to move to Cyprus sub, shares trade up 18%

Further to our earlier article entitled Plus500 transfers London clients to Cyprus, which was based on a letter sent to a client by Plus500 Ltd (LON:PLUS), we have been able to clarify the situation a little better. It seems as though Plus500 is not automatically transferring any Plus500 UK clients to Plus500 CY (both regulated subsidiaries).…

May 29, 2015 BY Maria Nikolova

OANDA addresses customers on AML procedures

Amid account freezing plaguing the work of Plus500, OANDA admits that AML procedures can create friction in the client on-boarding, funding and withdrawal processes.

May 29, 2015 BY Andrew Saks-McLeod

Japan Forex Quarterly Report: OTC FX trading volumes down 7.8%, exchange traded FX down 23.5%

For the full financial year ending March 31, 2015, OTC margin FX trading increased by 13.2% in Japan, however the final quarter of the year heralded a substantial downturn in volumes for exchange traded and OTC FX compared with the previous quarter

May 29, 2015 BY Andrew Saks-McLeod

GAIN Capital issues shares to eight key personnel

GAIN Capital senior executives Glenn Stevens, Samantha Roady, Jeffrey Scott and Diego Rotsztain have been awarded shares in the firm, along with four non-executive directors. Glenn Stevens accrues $780,000 worth of stock in this particular award

May 29, 2015 BY Maria Nikolova

Thomson Reuters FXall calls for higher FX trading standards

The group will implement a Provisory Liquidity protocol allowing market participants to make informed choices about the use of ‘last look’ liquidity through transparent measurable performance criteria.

May 29, 2015 BY Mike Fox

Dick Fuld not done just yet - ex Lehman CEO to launch new stock exchange

Multiple media sources including USA Today have reported on ex-Lehman Brothers boss Dick Fuld, who finally broke his silence 7 years after the collapse of the investment banking giant. Kaja Whitehouse of USA Today reported today that former Lehman Bros. chief Dick Fuld spoke publicly for the first time since the 2008 collapse on Thursday in…

May 28, 2015 BY Mike Fox

ASIC consults on central clearing obligations for OTC derivatives

ASIC Commissioner Cathie Armour said, "This is an important next step in Australia’s meeting of the G20 OTC derivatives commitments. The proposed mandatory clearing regime will improve the integrity and stability of Australia’s OTC derivative markets, while ensuring the reforms are implemented in a measured way."

May 28, 2015 BY Andrew Saks-McLeod

FSC Mauritius suspends the license of FXPrimus

The FSC of Mauritius has suspended the license of retail FX brokerage FXPrimus forthwith. FXPrimus has stated that it is working toward resolving the matters required by the FSC in order for reinstatement to take place