The defendant operated through My Forex Planet Inc, Wal Capital S.A. and Top Global Capital Inc A civil enforcement action has been filed by the US Commodity Futures Trading Commission (CFTC) against Melody Nganthuy Phan and companies associated with her – My Forex Planet Inc, Wal Capital S.A. and Top Global Capital for conducting a…
Read moreThe company has acknowledged that they have experienced ISP related issues via their Twitter feed One of the oldest and biggest brokerages in the online forex world, Oanda, has experienced a massive disruption in its services for a couple of hours during the late European afternoon. The outage affected the company’s global operations through their…
Read moreLondon to become first location outside Asia to have a Yuan clearing bank As the Renminbi is finally rebounding somewhat from its recent slide against the US dollar we are seeing a very clear intention by UK authorities and the private sector, for London to become the main trading venue outside of Asia for Chinese…
Read moreInstitutional and retail business revenues almost tripled in 2013, profits squeezed by GFT acquisition GAIN Capital Holdings (NYSE:GCAP) has just released its fourth quarter earnings report and the figures are quite impressive – the company announced its revenue numbers have nicely jumped up by 38% over last quarter to $83 million. The company’s retail business…
Read moreFull press release for Gain's Q4 and full year 2013 results follows. Details and analysis to follow... The complete Gain Capital Q4 press release can be seen here. GAIN Capital Reports Full Year and Fourth Quarter 2013 Results For Full Year 2013 Net revenue of $266.4 million Net income of $31.3 million EPS of $0.79…
Read moreThe company aims to launch its new OTC derivatives offerings on the 3rd of March The European division of the CME Group, CME Clearing Europe has announced today that it received regulatory approval to launch Overnight Index Swaps, zero coupon swaps, Forward Rates Agreements, basis swaps and variable notional swaps. In addition the company is…
Read moreFT's article entitled 'Why would anyone trade forex?' shows clear misunderstanding of retail forex traders. LeapRate Exclusive.... In a follow up article to the news that FXCM had been fined £4 million by UK financial regulator FCA, the Financial Times ran an article questioning the basis of any retail trader participating in the forex industry, Indeed,…
Read moreInsiders to sell $170M of Plus500 shares. IPO benefits: higher volumes, but also lower client acquisition costs. When we wrote back in December that Plus500 (LON:PLUS) CEO Gal Haber was targeting a billion dollar valuation for his newly public company, we did so with a certain amount of skepticism. After all, industry leader FXCM's valuation…
Read moreStartup forex brokers can focus on sales and customer services by outsourcing hardware and software Are you a brokerage that is running an in-house developed platform or a platform solution that caters to the needs of some of your customers but most of them are asking for MT4? Gold-i and FXecosystem have just teamed up…
Read moreThe reporting deadline that has been set by the ESMA was on the 12th of February LeapRate exclusive: Since the first EMIR reporting deadline set by the ESMA which was on the 12th of February, members of MAP-ERS have started reporting to Trade Repositories in an uninterrupted fashion and right on time. During the first 10…
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