Quotes of the new instruments are set in Russian rubles per gram and trades are settled in RUB. This week marks another historical announcement from the Moscow Exchange – starting today the clearer's FX Market trading platform will allow settling of transactions of Gold and Silver on the Moscow Exchange. The central counterparty and clearing…
Read moreLatest batch of Bitcoin investors are Chinese players triggered by Baidu's decision to accept Bitcoin payments. Apparently the more news about Bitcoin, the better for the digital currency. We all remember the astronomic rise in Bitcoin prices that we observed back in March/April thanks in large to the mainstream media spelling out the name "Bitcoin"…
Read moreCFD broker Plus500 now up 45% from its July IPO valuation. This has got to be whetting the appetite of every privately held retail forex broker contemplating going public.... CFD broker Plus500, which along with Hong Kong broker KVB Kunlun broke the nearly 3 year drought in retail forex IPOs this past summer, has seen…
Read moreThe ETF is trading in US Dollars and Russian Rubles – cross listed on the Irish Stock Exchange. Moscow Exchange started offering shares of the first physical gold ETF in the country – FinEx Physically held Gold ETF. The fund's holdings are stored in a vault in London and the instrument will be using London's…
Read moreIt appears the grace period for Cyprus based binary brokers to apply for a CySEC CIF license has lapsed. Cyprus financial regulator CySEC has sent out a release warning investors against binary options broker NRGbinary (www.nrgbinary.com), and its parent company NRG Capital (CY) Ltd. CySEC states that NRGbinary is not and has never been licensed…
Read moreFurther demonstrates independence of Alpari units – as well as hot competition in binary platform sector. Binary options platform provider MarketsPulse has issued a press release stating that Alpari Russia has launched binary options trading based on its platform (we had reported it earlier here). That's certainly a good win for MarketsPulse -- Alpari Russia has…
Read moreMany traders decided to wait out the Republican - Democrat showdown, also lots of data missing. LeapRate Exclusive.... LeapRate has learned from a number of forex industry executives, as well as those on the buy side, that trading volumes the past two weeks have been fairly muted during the US Government shutdown and the showdown…
Read moreGTL TradeUp's director, Pakistani businessman Mahmood Riaz, is also allegedly linked to another $36M forex fraud case in Italy. Australia's financial regulator ASIC has been busy lately in the forex sphere. After warning investors yesterday about Aussie Rob and his supposed magic trading software, ASIC today issued a more general warning to retail traders about the…
Read moreSocial and copy trading is quickly evolving from a nice-to-have into a need-to-have. Forex social network and copy trading platform service Myfxbook announced that it is expanding AutoTrade functionality by adding a pair of new brokers to the service, IamFX and Armada Markets. IamFX is a Panama-based forex broker with its service center in Edmonton, Canada.…
Read moreUS Government shutdown meant that SEF applications remained on hold. The CFTC has announced that they will exempt Gain Capital's institutional arm GTX, as well as Mexican peso interest rate swap firm LatAm, from SEF registration for one month, until November 19 (unless, of course, each SEF's license is granted before then). The exemptions are…
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