Forex Weekly Look Back: March 2nd

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,…

March 06, 2015 BY Andrew Saks-McLeod

CFH Systems to provide direct internet access into China

CFH Systems has invested in dedicated fibres between London and Beijing, bridging the FX liquidity of London with mainland China. Working in conjunction with China Unicom, a Chinese internet provider, CFH’s new connectivity solution will be live by the end of April 2015

March 06, 2015 BY Andrew Saks-McLeod

Britain's FX & clearing industry saved from mandatory relocation to eurozone as ECB loses court case

Europe's central bank has lost a court case which would have mandated relocation of firms managing financial trades in euros from London to the Eurozone. With London a strong world financial center, this ruling marks a milestone victory which ensures the continued presence of the electronic trading sector in its de facto home