For many clients of IG.com, their best trade the past year would probably have been buying up shares of..... IG! LeapRate Exclusive... Leading UK spreadbetting and forex broker IG Group has seen investors bid up its shares in the past few weeks, sending IG.com shares to their highest level ever. At its current share price…
Read moreIn addition he will be a member of the Board Management alongside Saxo’s co-CEO’s Leading European forex and CFD brokerage Saxo Bank has announced that it is aiming to consolidate its organizational structure and strengthen its business with a new appointment of a Global Head of Finance and Risk Operations. Steen Blaafalk is joining the…
Read moreIronFX opens new offices in Santiago, Chile and Kiev, Ukraine. As part of its ongoing international expansion strategy Cyprus-based retail forex broker IronFX has announced that it is expanding its operations in both Latin America and the in Eastern Europe. IronFX is opening new offices in Santiago, Chile and Kiev, Ukraine. We recently reported on…
Read moreLegal advice is strongly recommended before an individual decides to file a report with ASIC Australian regulator ASIC (Australian Securities and Investments Commission) has issued a press release detailing the complete procedure for whistleblowers who decide to contact the entity in relation to organizations and activities that are under the authority’s jurisdiction. The statement explains…
Read moreTrading on personal accounts is getting quite unpopular, can it be stopped? According to an FT article that was just published yesterday we have a new nuance to the FX fix manipulation. Major banks including Deutsche Bank, Royal Bank of Scotland and UBS are vigilantly reviewing internal rules on their employees trading on personal accounts…
Read moreTransaction numbers rising briskly by 20% The CLS settlement service has seen January FX volumes rebounding almost 9% from December 2013 with the average daily value of matched trading instructions submitted during last month coming out at $5.3 trillion which is up by 8.6% from 2013’s last month data totaling $4.87 trillion. That compares with…
Read moreMt Gox's withdrawal problems cause some confusion as to the true current value of Bitcoin. LeapRate has learned that several of the leading forex brokers offering leveraged Bitcoin (BTCUSD) trading are switching away from using the Mt Gox Bitcoin exchange as their Bitcoin price reference source. The first change has been made by Ireland-based forex…
Read morePrices soaring since the company has issued a press release detailing a solution to recent problems It has taken Mt Gox a bit more than 6 hours to complete their fix implementation of a workaround to the “transaction malleability” issue, but we have a winner now and those might be the customers at the exchange.…
Read moreDecember's total US forex client assets of $600 million down 6% for the year. (Over-) regulation continues to take its toll in the US retail FX business. The CFTC's just-released December data shows continued erosion of assets held by US retail FX traders at their brokers. This wasn't a case of clients migrating from one…
Read moreUK Chancellor George Osborne has finally clarified the UK Treasury’s position It took the UK Treasury long enough to openly come out with a statement that a vast majority of market participants was already widely expecting. Last week the Chancellor of the Exchequer George Osborne has finally clarified the position of the current government. What’s…
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