Intl FCStone wins Sentinel bankruptcy appeal and saves $15.6 million LeapRate

March 20, 2014 BY Andrew Saks-McLeod

Intl FCStone wins Sentinel bankruptcy appeal and saves $15.6 million

Seven years subsequent to the demise of Sentinel Management Group, Illinois District Court grants INTL FCStone successful appeal against decision made in January last year US-based execution and electronic trading advisory services firm FCStone (NASDAQ:INTL) has today announced that its appeal of a decision made in January 2013 by the US District Court for the…

March 20, 2014 BY Andrew Saks-McLeod

LeapRate Forex Fraud Watch - Steven Lyn Scott charged by CFTC

Texan Steven Lyn Scott charged with solicitation, fraud, misappropriation of client funds and registration violations The U.S. Commodity Futures Trading Commission (CFTC) has today reported that it filed an enforcement action March 19, 2014 against Defendant Steven Lyn Scott, who is also known as Stevon Lyn Scott, of Dallas, Texas, charging him with solicitation fraud,…

March 20, 2014 BY Andrew Saks-McLeod

Spotware wins right to domains after intellectual property ruling by WIPO

World Intellectual Property Organization rules in favor of Spotware Systems regarding case involving improper use of firm's trademark Spotware Systems Ltd, developers of the cTrader and cAlgo platforms, has won its claim to six domain names after a ruling by the World Intellectual Property Organization (WIPO). The decision found in favor of Spotware’s case that…

March 20, 2014 BY Andrew Saks-McLeod

Transcript from chatroom could implicate Bank of England in FX rate rigging saga

A written conversation by a senior dealer has been provided to the FCA, indicating that BofE officials agreed sharing information has advantages Following Bank of England Governor Mark Carney's assertion last week that the institution over which he presides could not have possibly been party to any information which suggests that officials at the Bank…

March 20, 2014 BY Andrew Saks-McLeod

ESMA publishes list of authorised CCPs relating to OTC derivatives

NASDAQ OMX having become a CCP in Europe has prompted swift action by ESMA in setting forth OTC derivatives clearing guidelines Following the authorization of NASDAQ OMX as the first EU-based central counterparty (CCP) on March 18, 2014, the European Securities and Markets Authority (ESMA) has today published information about NASDAQ OMX and the contracts…

March 20, 2014 BY Andrew Saks-McLeod

First Derivatives and Pivotal One team up to provide apps and consultancy to trading industry

First Derivatives consulting brings big data and multi-cloud applications to the electronic trading industry with Pivotal One Financial software company First Derivatives (AIM:FDP) has today announced that it will commence consulting services in order to deliver financial applications to the industry. Powered by technology from Pivotal, the software company at the intersection of big data,…

March 20, 2014 BY Gerald Segal

Plus500 shares set another all-time high, valuation now above $1.1 billion

Plus500 shares soar 5.4% on Wednesday following release of its Annual Report. Plus500's secret sauce? It has now been a couple of days since investors got their hands on Plus500's 2013 Annual Report, and it seems like they like what they see. With no 'new' news out, Plus500's shares (LON:PLUS) went on another tear on…

March 20, 2014 BY Andrew Saks-McLeod

ASIC releases market supervision report for period July to December 2013

ASIC's half-yearly report on the supervision of market participants reveals 19,255 trading alerts, and continues its drive toward automated surveillance Australia is a region which a great many FX company executives have been following with a keen eye recently, mainly due to its close proximity to the Asia Pacific region from which all FX firms globally…

March 19, 2014 BY Andrew Saks-McLeod

Boston Technologies & Kenmore to offer complete turnkey FX brokerage solution

Boston Technologies partners with web design firm Kenmore to offer turnkey brokerage solution Boston Technologies is expanding its offering by partnering with FX software and web development company Kenmore Design in order to offer an all-encompassing turnkey solution with which brokers can establish their business. Boston Technologies expects that the joint end to end offering…

March 19, 2014 BY Andrew Saks-McLeod

KVB Kunlun issues 2013 Annual Report, Revenues up 43%

KVB Kunlun turns a profit of HK$33 million in 2013 compared with previous year's loss. Share price rises 3.7% on HKEX. Hong Kong-based FX broker KVB Kunlun has today released its full annual report for 2013, that income generated from leveraged FX during 2013 amounted to HK$135,543,000, representing a considerable 43% leap from the previous year's…