November 20, 2014 BY Andrew Saks-McLeod
November 20, 2014 BY LeapRate Staff
Saxo Bank taps bond market for EUR 42.5 million fundraising
Leading retail forex broker Saxo Bank has announced that it has issued additional Tier 1 capital (under the CRD IV and CRR regulation), via a perpetual callable bond offering totaling EUR 42.5 million (about $53 million, or DKK 317 million). The offering comes just as Saxo Bank reported one of its best months ever volume-wise,…
Read more
November 20, 2014 BY LeapRate Staff
ICAP shares drop more than 10% following results announcement
Interdealer broker ICAP (LON:IAP) saw its shares drop more than 10% on Wednesday, after the company released its results for the six months ended September 30 (ICAP has a March 31 fiscal year-end). The shares fell in heavy volume, with about four times the average number of shares changing hands. The drop is somewhat puzzling to…
Read more
November 20, 2014 BY LeapRate Staff
FCA fines RBS, NatWest and Ulster Bank £42 million for IT failures
UK regulated financial services companies had better ensure that their IT systems work properly. Using the excuse 'it was a computer glitch' doesn't fly any more. UK financial regulator the Financial Conduct Authority (FCA) has today fined the Royal Bank of Scotland (NYSE:RBS), National Westminster Bank (NatWest) and Ulster Bank a total of £42 million (about…
Read more
November 20, 2014 BY LeapRate Staff
ASIC shuts down unlicensed Australia FX broker KiwiFX Bank
Australia financial regulator ASIC has taken action to permanently shut down unlicensed FX broker KiwiFx Bank, operating via website www.kiwifxbank.com, formally incorporated as Vault Market Pty Ltd. ASIC has also removed KiwiFx Bank's sole director, Anamul Amin, from the financial services industry. This outcome continues what ASIC calls its crackdown on the FX industry. ASIC has…
Read more
November 19, 2014 BY LeapRate Staff
TRADOLOGIC gets further into financial gaming with Iconic Corp partnership
Binary options platform provider TRADOLOGIC has announced a partnership with newly formed gaming company Iconic Corporation. Iconic is developing a multi-platform gaming destination, where casual, fun seeking gaming enthusiasts compete to predict the outcome of real-time or future events within a social, entertaining and competitive gaming environment. Iconic is currently operating under a Malta Gaming License issued…
Read more
November 19, 2014 BY Andrew Saks-McLeod
LeapRate Daily FX Industry Catch Up: Presented by Dukascopy TV
November 19, 2014 BY LeapRate Staff
LeapRate’s Retail FX Volume Index hits all time record in October at $360B ADV
Continuing a marked upturn since the summer, LeapRate’s Retail FX Volume Index climbed 6% in October to $360 billion ADV – making October 2014 the best month ever for retail forex brokers, besting June 2013’s record $341 billion. Several leading retail Forex trading platforms reported best-ever (or best-in-a-long-time) volume metrics for October such as: FXCM (first time…
Read more
November 19, 2014 BY Andrew Saks-McLeod
DMM FX is first broker to adopt tradimo play's innovative method of client acquisition
tradimo.com has entered the lucrative and competitive world of client acquisition with a mobile game-based app, initially available only through selected brokers, to engage an audience that has never contemplated trading.
Read more
November 19, 2014 BY Mike Fox
Switzerland seen as delaying cap on the franc into 2017
“With monetary easing under way by the ECB and Swiss inflation still trending below target levels, the SNB will have to extend the currency cap against the euro into mid-2016 at the very least,” said Bernard Yaros, associate economist at Moody’s Analytics in West Chester, Pennsylvania.
Read more