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Home › Archives for Andrew Saks-McLeod › Page 254

Andrew Saks-McLeod
LeapRate Analyst
May 08, 2014 BY Andrew Saks-McLeod

Swissquote abolishes minimum deposit amount, instigates intelligent stop-out methodology

Until now, Swissquote stipulated a minimum deposit of $2000 for each client. This week, the firm has put an end to its minimum deposit requirement

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May 07, 2014 BY Andrew Saks-McLeod

INTL FCStone Inc. Reports Fiscal 2014 Second Quarter Financial Results - Bucking the trend

INTL FCStone publishes its full results for the second quarter of 2014, 400% increase in net revenues during first three months of the year

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May 07, 2014 BY Andrew Saks-McLeod

CFTC adds Banc de Binary affiliate companies and controlling shareholder Oren Laurent to its original complaint

Last year, the US Commodity Futures Trading Commission cited Banc de Binary in what has become an ongoing lawsuit for allegedly soliciting US clients. Today, the CFTC adds the firm's CEO to the complaint.

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May 07, 2014 BY Andrew Saks-McLeod

Breaking News: Final position on FXDD's exit from the US market, client base to be transferred to FXCM

As the retail FX exodus from the US market continues, FXDD has issued a letter to its entire North American client base today stating that FXCM will take over all existing accounts.

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May 07, 2014 BY Andrew Saks-McLeod

Could the easing of China's vice-like grip on FX firms be related to its disdain for Bitcoin?

China's central bank continues to attempt to legislate against the use of virtual currency. With SAFE having granted BGC Partners a license to provide FX Options in China, could the mainland's government begin to view FX as a lesser threat to its strict control over domestic markets?

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May 07, 2014 BY Andrew Saks-McLeod

Swissquote finalizes details of PostFinance's 5% equity investment in the company

Swissquote's Annual General Meeting concluded with unanimous agreement from all shareholders to the Board's proposals, including the 5% equity accrued by PostFinance as part of its recently announced collaboration

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May 07, 2014 BY Andrew Saks-McLeod

CFTC portal expands to allow submission of event-specific reports by companies

The US Commodity Futures Trading Commission has made a user-friendly upgrade to its portal to allow companies to submit event-specific reports

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May 07, 2014 BY Andrew Saks-McLeod

Indian FX fraudsters subjected to three-day interrogation by authorities in $17.4 million case

The Chennai directorate of enforcement interrogated the jailed directors of the Paazee Forex Trading company for three days following a fraud which relieved 48,000 investors of $17.4 million

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May 07, 2014 BY Andrew Saks-McLeod

BGC Partners cracks China as it receives license from SAFE to broker FX Options on the mainland

China is a highly coveted region by most Western FX firms, but near impossible to penetrate. Today, BGC Partners gains a license from state-owned regulatory body SAFE to operate interbank FX on the mainland.

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May 07, 2014 BY Andrew Saks-McLeod

April showers prevail at MONEX Group as FX volume dives to $33.3 billion

Although MONEX has experienced a similar dynamic in declining trading volumes to that of other retail FX firms since the beginning of 2014, April's figure is 18% lower than March 2014, and the lowest since over one year ago.

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