November 17, 2013 BY Gerald Segal

CME Group confirms it was hacked, client information compromised

What the CME called a 'cyber intrusion' occurred in July, and is the subject of an ongoing federal criminal investigation. Derivatives marketplace CME Group (NASDAQ:CME) confirmed in a communication to certain customers last week that its systems had been hacked back in July. Apparently, certain customer information relating to the CME ClearPort platform was compromised. To protect…

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November 15, 2013 BY Gerald Segal

London Capital Group CFO Siobhan Moynihan resigns

Steven Whelton has been appointed as interim replacement. FCA regulated UK brokerage London Capital Group announced in a press release that it has parted with its CFO Siobhan Moynihan. She has stepped down from the company’s board as of today (15th of November) and will be replaced temporary by Steven Whelton. Shares of the publicly traded parent…

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November 15, 2013 BY Gerald Segal

VC backed Coinsetter launches Bitcoin forex trading platform

The New York based company makes (gradually) its beta platform open to the public The venture capital investors behind Coinsetter might be in for a small party. The forex trading platform based on Bitcoin has announced that it will be gradually opening its beta status to the public. Initially the process will roll out slowly…

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November 14, 2013 BY Gerald Segal

OptionRally becomes latest CySEC licensed binary options broker

OptionRally runs on the SpotOption platform. LeapRate has learned that binary options broker OptionRally has received its CySEC CIF license, making it now the seventh licensed binary options broker (list below). The license (CIF license # 220/13) was granted on November 7 to OptionRally's parent company Tifozi Investments Limited. OptionRally has had its run-ins with a…

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November 14, 2013 BY Gerald Segal

Alpari Russia drops ZuluTrade, goes it alone in autotrading

Starting November 25 Alpari Russia will no longer support ZuluTrade. Alpari (Russia) has announced that they are breaking up with social and copy trading service provider ZuluTrade. All standard.zulutrade, ecn.zulutrade and ecn-new.zulutrade accounts at Alpari will be converted to MT4, tradable only through the MetaTrader 4 platform. Alpari clients who prefer automated trading will need, for the…

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November 14, 2013 BY Gerald Segal

KCG Hotspot bucks the trend and reports an up October in FX volumes

KCG Hotspot sees October volume metrics of $29.8 billion daily, up 4% from September. In October, we saw what we thought was an across the board decrease in institutional FX volumes: Thomson Reuters -12% FXall -5% EBS -5% CME Group (FX futures) -22% EBS and CME's figures were their lowest volumes reported in several years.…

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November 14, 2013 BY Gerald Segal

Oanda appoints Vatsa Narasimha as Chief Strategy Officer

Former Boston Consulting Group Principal joins the company’s senior executive team One of the pioneers in the industry – the Canadian forex brokerage Oanda Corporation has appointed Mr. Vatsa Narasimha as Executive Vice President and Chief Strategy Officer. The company is seeking to continue its path of development and growth and created the new position…

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November 14, 2013 BY Gerald Segal

LeapRate Forex Fraud Watch – $1.75 mln fine for Thomas B. Breen

Sentenced to prison alongside his associates Robert J. Cannone and Francis Franco The US regulator CFTC has issued a statement announcing that it it obtained a court order against the principal of National Equity Holdings Thomas B. Breen for $1.75 mln, related to his fraudulent activities of solicitation, misappropriation of the firm’s customers’ funds and…

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