UK’s FCA gathering evidence for potential ban on sale of crypto-derivatives LeapRate

July 04, 2019 BY Valentina Kirilova

UK’s FCA gathering evidence for potential ban on sale of crypto-derivatives

The UK’s regulatory watchdog was in the press again yesterday. Per its press release: The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets. The FCA considers these products are ill-suited to retail consumers who cannot…

FXCM Pro release comprehensive data product suite

July 04, 2019 BY Valentina Kirilova

FXCM Group adds foreign exchange baskets to its retail offering

Retail forex broker FXCM (NYSE:FXCM) today announced the introduction of foreign exchange baskets to its retail customers. A foreign exchange or forex basket is comprised of a mix of several currencies, each initially starting with the same equivalent value. Traders will be able to buy or sell a base currency, e.g. USD, against a basket…

July 04, 2019 BY Valentina Kirilova

Facebook’s Libra Project soon to face first major obstacle – U.S. Congress

Whoa, Mark Zuckerberg! The bloom is off the Libra rose! After weeks of hype and never-ending worldwide acclaim, the reality of promoting an independent, global cross-border payment system utilizing cryptos and blockchain technology just came home to roost. Not everyone, especially those in the U.S. government, is wildly enamored with the intriguing Facebook proposal. Democrats…

July 03, 2019 BY Valentina Kirilova

Daily Market News: Lagarde to the ECB

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 3, 2019. The text below is an excerpt and does not contain the full analysis. Today's Highlights Lagarde to the ECB Physical & Digital Gold Bounce off 10k Please note: All data, figures &…

July 03, 2019 BY Valentina Kirilova

By design, stability comes in differing flavors for Bitcoin, Libra, and Fiat

Critics of Bitcoin have often pointed to its price volatility as an issue and reason why it could never be considered a secure “store of value”, but a Wall Street veteran of 22 years, Caitlin Long, has built an intellectual argument, which posits that, by design, the world’s favorite cryptocurrency provides systemic stability versus price…

July 03, 2019 BY Valentina Kirilova

Daily market commentary: Every EU benchmark is bullish

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 3, 2019. See details below: EUROPEAN SHARES European shares are extending yesterday’s gains despite a mixed trading session in Asia overnight and while U.S. Futures point to a steady open ahead of 4th of July bank holiday. Market sentiment is…

July 03, 2019 BY Valentina Kirilova

As Bitcoin struggles, altcoins hope for a rally that may never come

After rocketing toward $14,000, Bitcoin is now struggling to find support at the $10,000 level. It fell below this important benchmark for a short period, but has now rebounded back to the $10,600 plateau. Several noteworthy analysts predicted that a test of this territory had been missed weeks back and might occur, but others have…

July 03, 2019 BY Valentina Kirilova

MOEX announces steady results in June

Moscow Exchange (MOEX) has released its trading volumes for the month of June 2019. Total trading volume across Moscow Exchange’s markets was RUB 66.1 trln in June 2019. The growth leaders were the Equity Market (+38.4%) and Bond Market (+13.6%). Equity & Bond Market Total trading volumes on the Equity and Bond Markets in June…

July 03, 2019 BY Valentina Kirilova

AlgoTrader upgrades its trading and execution platform

The Swiss based company AlgoTrader has announced yesterday that it has upgraded its trading platform to its newest 5.0 version. LeapRate reminds that 4.0 version was launched two years ago. The key enhancements and additions include: Order Execution Adapters Clients can now submit orders into AlgoTrader using a standard FIX protocol. Additional adapter related features:…

July 03, 2019 BY Valentina Kirilova

Alpari launches live chat in Alpari Mobile and Alpari Invest

Retail forex broker Alpari announced that it has now launched a live chat feature in the Alpari Mobile and Alpari Invest apps. The Alpari Mobile application was launched back in 2017. The new feature allows clients to receive support from Alpari's specialists and resolve any issues 24 hours a day, 5 days a week. Viber,…