Lower volumes really are worse than black swans: Saxo Bank considers reversing high margin requirement LeapRate

March 09, 2015 BY Andrew Saks-McLeod

Lower volumes really are worse than black swans: Saxo Bank considers reversing high margin requirement

Yesterday, LeapRate posed the question as to what is worse; a single black swan event, or a period of low volumes? Today, Saxo Bank considers reversing its decision to raise margin requirements on CHF trades after a 37.5% drop in trading activity in February as the industry begins to consider the dichotomy between single events that cause extreme volatility and prolonged periods of low volumes

March 09, 2015 BY Andrew Saks-McLeod

Former DME CEO Christopher Fix to head CME Group's APAC operations from June

Christopher Fix will be based in Singapore and will be responsible for leading CME Group's efforts to develop benchmark products and services to meet the needs of its customer base in the region. In addition to his new role, Mr. Fix has been appointed to the Board of Dubai Mercantile Exchange (DME) and as Chairman of DME Asia Pte Ltd

March 09, 2015 BY Mike Fox

Forex Weekly Look Back: March 2nd - March 8th

A look back at the most intriguing and popular Forex industry news stories from the past week at LeapRate. To make sure that you receive timely access to all LeapRate news, sign up to our Daily Forex Industry Newsletter on the right. → Z.com | https://www.leaprate.com/BIL7g Swissquote | https://www.leaprate.com/aK8tj TechFinancials IPO | https://www.leaprate.com/3NJJn iCreate | https://www.leaprate.com/4xRsn…

March 08, 2015 BY Andrew Saks-McLeod

Moscow Exchange postpones platform upgrade, introduces service for balancing risk between FX and other asset classes

As a result of the postponement of the release of a new version of SPECTRA, all quarterly options and USD/RUB and EUR/RUB futures contracts with the expiry date in March 2015, will be exercised according to the standard procedure, i.e. without any changes announced in February

March 08, 2015 BY Andrew Saks-McLeod

Op Ed: The February volume crunch

What is really worse? Low trading volumes, or a single black swan event? Andrew Saks-McLeod takes a look at the dichotomy between two scenarios

March 06, 2015 BY Maria Nikolova

Phillip Boakes gets 10-year prison sentence over FX Ponzi scheme

Phillip Boakes, who defrauded investors of more than £3.5 million, was today sentenced at Southwark Crown Court to 10 years in jail. Boakes, who ran CurrencyTrader Ltd, a company engaged in Forex spread betting, lured investments using false instruments and taking deposits without having the proper authorization. In running a typical Ponzi scheme, Boakes funded…

March 06, 2015 BY Maria Nikolova

Canada's OSC warns of unauthorized binary options broker Titan Trade

The Ontario Securities Commission (OSC) today issued a warning about binary options broker Titan Trade Capital Limited. The regulator is concerned that the company, which offers its services via www.titantrade.com, is making its services available to residents of Ontario, without having the necessary license to do so. According to Canadian laws, companies are allowed to…

March 06, 2015 BY Andrew Saks-McLeod

LeapRate TV: KPMG/Alpari Claims Portal, JPMorgan raises the stake, IG non executive director Stephen Hill reinvests dividend

March 06, 2015 BY Andrew Saks-McLeod

Switzerland's FX reserves hit all time high with CHF 11 billion rise in February

Alluding to Switzerland's decision to remove the 1.20 peg on EURCHF last month having been an effort to shore up the nation's vault-like economy, Switzerland's FX reserves have risen by CHF 11 billion in February, an all time high in the first whole month since the dramatic move by the country's central bank

March 06, 2015 BY Maria Nikolova

Saxo Bank's daily Forex volumes drop 37.5% MoM in Feb'15

Saxo Bank, the Danish company that combines the roles of a retail Forex broker and a bank, earlier today posted its operating metrics for February 2015, with results lagging behind the robust performance seen in the start of the new year. Average daily Forex volumes at Saxo amounted to USD 9 billion in February 2015,…