November 20, 2014 BY LeapRate Staff

SEC suspends trading in shares of questionable Ebola prevention and treatment companies

The US Securities and Exchange Commission (SEC) today suspended trading in four companies that claim to be developing products or services in response to the Ebola outbreak, citing a lack of publicly available information about the companies’ operations. The SEC simultaneously issued an investor alert warning about the potential for fraud in microcap companies purportedly…

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November 20, 2014 BY Mike Fox

TransferWise launches Stop Hidden Fees Campaign

International money transfers are more expensive than meets the eye - even when banks and brokers claim there are ‘no fees'. Many banks take as much as 5% of the money being sent. TransferWise is a new alternative that allows people to transfer money abroad at a lower, by using technology developed by the people who built Skype.

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November 20, 2014 BY LeapRate Staff

Russia may prohibit banks from providing Forex trading

The following is taken from an original article on LeapRate Russia. For more Forex related articles written in Russian see LeapRate Russia at ru.leaprate.com. One of the top officials at the Bank of Russia insists that banks do not need the Forex business at all, as it is closer to gambling rather than financial activities.…

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November 20, 2014 BY LeapRate Staff

DGCX trading volumes rise 28% in October

Trading volumes on the Dubai Gold and Commodities Exchange (DGCX) grew 28% from the same period in 2013, a month in which the Exchange significantly expanded its Emerging Markets portfolio with four new products. October saw the year’s second highest monthly volume with volumes touching 1,044,396 contracts. DGCX's currency segment grew 31% year-on-year, accounting for…

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November 20, 2014 BY LeapRate Staff

CySEC suspends CIF license of binary options broker EZTrader.com

Cyprus financial regulator CySEC has taken measures to suspend the CIF license granted to WGM Services Ltd., parent of binary options broker EZTrader.com. EZTrader also owns and operates the GlobalOption.com and EZInvest.com brands, and the 888binary.com which targets the Chinese market. EZTrader reported revenues of $7.95 million for the first six months of 2014, but was…

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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,…

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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…

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