Is the SNB going to start intervening again in the Swiss Franc? LeapRate

January 27, 2015 BY Andrew Saks-McLeod

Is the SNB going to start intervening again in the Swiss Franc?

Swiss National Bank Vice President Jean-Pierre Danthine has stated that if the currency peg on the Swiss franc had been maintained, the cost would have been 100 billion Swiss francs (73 billion pounds) to defend this month alone, and that the central bank is ready to intervene once again. Meanwhile the eurozone concerns continue, with £6 billion having been withdrawn from Greek banks since yesterday's election

January 27, 2015 BY Andrew Saks-McLeod

ICAP partners with Wind Information Co to facilitate access to offshore Chinese yuan

As a result of ICAP's partnership with Wind Information Co, financial institutions will have access to offshore market data for the first time, including USD/CNH Fwd, USD/CNH Spot, USD/CNY NDF, US Treasury EOD data via Wind Financial Terminals (WFT), 24 hours a day, seven days a week

January 27, 2015 BY Andrew Saks-McLeod

Retired FXCM Chief Dealer Michael Romersa offloads entirety of FXCM stock - at just $2.7 per share

Having sold several proportions of stock during the course of the last year, including several transactions in early January 2015 involving the sale of shares at approximately $17, Michael Romersa has now sold his entire allocation of beneficial securities in FXCM for $2.708 per share

January 27, 2015 BY LeapRate Staff

KVB Kunlun's rosy Q4 report sends its shares up 13%

Hong Kong based retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) saw its shares skyrocket more than 13% on Monday after the company provided an upbeat update on its Q4 and full year 2014 financials. As we reported yesterday, without giving specifics KVB stated that it will see a nice increase in Revenues for…

January 27, 2015 BY LeapRate Staff

IC Markets cited in Australia press for 'fake margin calls'

IC Markets is also assessing whether or not to forgive negative client balances resulting from Swiss Franc trade losses.

January 27, 2015 BY Mike Fox

Forex continues to dominate business headlines as Ruble gets junk drop, EUR/USD pauses toward 1.10

Russia foreign currency ratings lowered to 'BB+/B'; Outlook Negative while the EUR/USD takes a pause as it approaches key 1.10 psychological level

January 27, 2015 BY LeapRate Staff

Goldman Sachs President: We are in the midst of a Currency War

Goldman Sachs President & COO Gary Cohn: Certain countries are blatantly trying to devalue their currencies to improve competitiveness of businesses.

January 26, 2015 BY Andrew Saks-McLeod

Cyprus Forex brokers total loss from Swiss Franc Black Thursday was EUR 42.5 million - LeapRate Exclusive

From the 182 CySec regulated investment firms, 158 had no losses from the Swiss Franc move, and of the 24 which suffered losses, no capital adequacy issues were experienced, with CySec reporting a business increase due to problems experienced by firms in other regions

January 26, 2015 BY Mike Fox

QuantStarts partners with Ward Systems Group to bring NeuroShell Trader to FXCM

Trading system toolkit combines traditional and artificial intelligence techniques to help investors create robust trading models

January 26, 2015 BY Mike Fox

Popular Middle East brokerage house adds MetaTrader 4

Client demand pushed Bahrain regulated broker to add the popular MetaTrader 4