UK FCA issues several warnings against unauthorised firms LeapRate

June 12, 2019 BY Valentina Kirilova

UK FCA issues several warnings against unauthorised firms

UK financial regulator Financial Conduct Authority (FCA) has issued several warnings against unregulated financial services providers targeting UK consumers. The FCA’s latest warnings include the companies Hedge Prestige Bank and Stepsworth Consulting Group; as well as the clone firms Everyday Loans, ECM Asset Management Limited, HG Financial Management Co - Huber Gustav, Van Gossum Consult,…

June 12, 2019 BY Valentina Kirilova

Ripple's partner MoneyNetint teams up with PXP Financial to enable cross border payments processing

PXP Financial announced that it has joined forces with Ripple's partner MoneyNetint to provide frictionless cross-border payment processing in the US and EU. Borderless commerce experts MoneyNetint offers a wide range of secure global payment services, from Multi-Currency E-Wallet, FX Conversions, send direct-to-bank-account transfers using local payment networks or SWIFT, to credit card processing, capture…

June 12, 2019 BY Valentina Kirilova

AETOS daily forex market commentary

ASIC and FCA licensed Retail FX broker AETOS Capital Group have provided their daily commentary on traditional markets for June 12, 2019. EURUSD The euro appreciated to 1.1328(+11 pips) against the greenback. The mostly traded pair was supported by a better market sentiment, as China announced more stimulus measures aimed to support the local economy, which…

June 12, 2019 BY Valentina Kirilova

Exclusive: Don’t manage risk in a vacuum

The following article was exclusively prepared for LeapRate by IS Prime. LeapRate Exclusive... Imagine the situation… you are sitting on the trading desk reviewing activity for the day and you come across a pocket of traders who were able to arbitrage your feed systematically. It has been a few hours since the transactions took place.…

France enters the blockchain ‘arms race’ with largest European incubator

June 12, 2019 BY Valentina Kirilova

FlexTrade expands Paris office, hires Rushani Caiola as Fixed Income Account Manager

FlexTrade, the global cross-asset execution and order management system, has just informed its clients that it has expanded staff levels at its office in Paris. The company has appointed Rushani Caiola as Fixed Income Account Manager to serve the company’s growing number of fixed income clients. Prior to FlexTrade, she was working for nearly 4…

June 12, 2019 BY Valentina Kirilova

Geopolitical tensions could be contributing to surge in Bitcoin prices

Analysts and investors have quantified nearly a dozen fundamental drivers that have propelled Bitcoin forward over the past four months, but there is always room for one more. The latest argument to be supported by the evidence of the historical record is that geopolitical tensions are shifting the tides of capital flows more in favor…

June 11, 2019 BY Mariela Naydenova

Crypto media site CCN shuts down, is Google's Core Update to blame?

Major cryptocurrency media site CCN shut down its operations on June 10th, citing that the reason for the decision is none other but Google's June 2019 Core Update. According to press, searches the traffic of CCN from Google searches specifically dropped by more than 70% for one day, which is a huge decrease. While the…

June 11, 2019 BY Valentina Kirilova

Bitcoin still ranging, but ambivalent analysts are on both sides of the coin

Volatility? What volatility? Where did it go? Suddenly Bitcoin seems to have forgotten its most identifying trait, to be the most volatile asset class in history. For the past thirty days, there have been several fits and starts, but the world’s favorite cryptocurrency has displayed fairly stable price behavior of late, as if Bulls and Bears had…

June 11, 2019 BY Valentina Kirilova

Daily Market News: Litecoin reaches a fresh high

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 11, 2019. The text below is an excerpt and does not contain the full analysis. It might have been a small update, or a large one, we really have no way of knowing. The…

June 11, 2019 BY Valentina Kirilova

FXSpotStream's ADV is up 9% MoM in May

Multibank FX aggregation service FXSpotStream has also recently announced its revenue for the month of May 2019. Total volume last month was reported to be $802,275. With 23 trading days in May, average daily volume was up 9.1% MoM to $34,882. The complete results can be seen in the table below: *Volumes in USD millions,…