First four apps developed by Ariel for Tradable include World of FX, Personal Currency Exposure, Order Templater and Trade Notebook. Financial trading software provider Ariel Communications has signed an agreement with Tradable to develop a range of new forex trading apps for the Tradable trading platform. As part of the agreement, Ariel has been appointed…
Read moreInvestor protection improved with centrally cleared CFD launched in partnership with Commerzbank, ING and Citi. Cantor Fitzgerald Europe and LCH.Clearnet have announced today they are launching the first European centrally cleared over the counter CFD trading mechanism. A big step towards a more liquid market and better balancing of risks especially for customers who are…
Read morePartners of consulting firm Shift Forex have been offering M&A advisory services to Forex companies via Berkshire Capital. Continuing the trend of key industry news around IPOs and M&A is a LeapRate exclusive that sheds more light on the recent story around Pepperstone's potential IPO or sale. As we wrote earlier, Pepperstone disclosed to the WSJ their…
Read moreLibor misconduct fines keep on pouring a full year after the scandal has shaken the financial industry. The Dutch bank Rabobank has settled for $475 mln with the US's CFTC, £105 million will be paid to the UK's FCA, whilst the rest of the billion dollar hit to the bank's balance sheet will be paid…
Read morePlus500 market value now tops £375 million ($600 million). CFD broker Plus500 has seen its shares (LON:PLUS) continue to climb steadily since Plus500 announced Q3 results earlier this month, and on Tuesday (October 29) set an important milestone. Plus500 shares rose 7% on Tuesday, crossing the £2 barrier for the first time, to close at…
Read moreBoth banks are launching internal investigations to facilitate cooperation with regulatory bodies. Swiss banking heavyweight UBS and foreign exchange markets giant Deutsche bank have reported separately in their quarterly earnings reports on Tuesday, that the banks have received inquiries from their regulators regarding the way they conduct foreign exchange transactions. Regulators across the globe, starting…
Read moreTRI did, however, surpass 100,000 Eikon desktops installed early in Q4. Information provider Thomson Reuters (NYSE:TRI) reported mixed Q3 results this morning, which saw its earnings beat estimates but its revenues disappoint somewhat. One of the reasons given for the lighter revenues was lower trade volumes in foreign exchange and fixed income markets. Thomson Reuters…
Read moreNew Zealand based Phoenix Forex promised 50%+ returns from users of its OakFX trading system. It comes as no surprise that the follow up to the story on Phoenix Forex that we reported back at the end of August is a liquidation proceeding. Following the warning issued by the FMA back then, the company's assets…
Read moreRetail forex volumes globally drop to $283 billion daily. It seems as though the retail forex world has been a little bit late in exiting the usual summer slowdown in trading volumes.... LeapRate's Retail FX Volume Index, sponsored by Leverate, decreased by 1% in September to average $283 billion daily, down from $285 billion in August.…
Read moreAxiTrader is the fifth forex broker added by Myfxbook to AutoTrade in just the past month. Myfxbook is on a roll in Australia. The social trading and copy trading service provider has added Australian's leading forex broker AxiTrader (a member of LeapRate's Approved List of global regulated forex brokers) to its growing list of outfits…
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