January 10, 2014 BY Gerald Segal

Barclays to close Barclays Margin FX due to difficult EMIR regulations

Barclays Margin FX clients being encouraged to move to FXCM. LeapRate Exclusive: LeapRate has learned that UK bank Barclays (LON:BARC, NYSE:BCS) has decided to shut down its retail / margin FX business, Barclays Margin FX. Barclays has operated its margin FX business as a white label of FXCM, with FXCM winning Barclay's business back in…

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January 10, 2014 BY Gerald Segal

GAIN Capital concludes a solid 2013 with a mild 9% drop in December volumes

Monthly declines are attributed to the holidays break and subdued volatility in most FX markets GAIN Capital Holdings (NYSE:GCAP) has just released a press release about its December volume metrics and we are observing some consolidation following last month’s record institutional numbers. Not a big surprise considering that the rest of the big players are reporting…

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January 10, 2014 BY Gerald Segal

CySEC warns investors about Live Binary

The company has never been regulated under the jurisdiction and doesn’t claim to be In its usual vague tone the Cypriot regulator has added another name to the list of binary options companies it issued a warning against. The brokerage is LBinary.com and according to the website the company operating it - Live Binary Ltd…

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January 10, 2014 BY Gerald Segal

Two Stifel companies pay $1 million for sales practices of leveraged products

Both companies failed to mitigate increased risks associated with Inverse and leveraged ETFs A press release has been issued by the Financial Industry Regulatory Authority (FINRA) regarding a decision to fine two Saint Louis based broker-dealers both owned by Stifel Financial Corporation. Stifel, Nicolaus & Co. and Incorporated and Century Securities Associates are to pay…

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January 09, 2014 BY Gerald Segal

Myfxbook launches real time community position ratios alerts

The first batch of features released in 2014 brings to the copy trading platform some fresh innovation taste The topnotch social and copy trading platform Myfxbook has launched some new goodies for its customers in the beginning of the week. The company has announced on its website the availability of three distinct features to improve…

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January 09, 2014 BY Gerald Segal

Moscow Exchange FX volumes spike to a record RUB 16.9 trillion

 The month of December concludes a record setting year for the Russian forex marketplace The FX market turnover on the Moscow Exchange has staged an impressive rebound to conclude a record setting year in terms of forex volumes. The month of December ended the year deep in the green marking a rise by 37% on…

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January 09, 2014 BY Gerald Segal

Volumes at Thomson Reuters lowest in four years, down 11.5%

FXall marking a smaller, 7% drop in the final month of 2013, concluding a very strong year The next batch of institutional volume numbers is here – Thomson Reuters and subsidiary FXall have announced lower volumes for the final month of 2013. The theme of the last 12 months has been of FXall slowly catching…

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January 08, 2014 BY Gerald Segal

iOption update – CySEC license (finally) revoked, website still up

...however most importantly, it seems as though not all clients of the binary options broker have received their money back. Following up our earlier exclusive story about binary options broker iOption closed down – the real story from November... CySEC has finally, two months after the fact, made an announcement that the CIF license issued to…

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January 08, 2014 BY Gerald Segal

JP Morgan fined $2.6 billion for failing to anticipate Madoff’s Scheme

The megabank adds yet another lawsuit to its growing settlements list The never-ending story of banking industry heavyweights getting hefty fines goes on with yet another twist. First it was the uncovering of mortgage fraud, then the Libor scandal, followed by the London Whale and now we still have an ongoing investigation surrounding the 4pm London…

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January 08, 2014 BY Gerald Segal

FxPro SuperTrader update – 53% of its copy traders profitable

 That’s down from 65% last month, but still better than average Following last month’s coverage we continue to track the performance of FxPro’s in-house social and copy trading platform SuperTrader since its launch back in October. The company is a member of LeapRate’s Approved List of global regulated forex firms and we are keen to inform our readers…

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