Gerald Segal
LeapRate Analyst
April 08, 2014 BY Gerald Segal

CFTC Staff Issues an Extension of Time-Limited No-Action Relief to FCMs

The extension of no-action relief will expire on June 30, 2014 In an official news release, the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued an extension of time-limited no-action relief to FCMs. On November 14, 2013, the Commission adopted amendments to Commission Regulations 1.20, 22.2, and…

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April 07, 2014 BY Gerald Segal

CMS Forex fined $275,000 by CFTC for being undercapitalized

Violations occurred between 2009-2012, CMS was undercapitalized by more than $13 million at one point. The CFTC has fined Capital Market Services LLC, parent of CMS Forex, a total of $275,000. The CFTC has found that CMS did not maintain its required capital levels during at least 17 separate months between March 2009 and October…

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April 07, 2014 BY Gerald Segal

Saxo Bank officially launches USD/CNH options contracts

OTC options on USDCNH to be made available on SaxoTrader Platform Saxo Bank, has officially announced the addition of OTC options on USDCNH to its platform to allow clients better access to trading on the offshore Renminbi. We reported this news last Friday when it slid under the radar of Saxo’s March monthly volume report. The…

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April 07, 2014 BY Gerald Segal

Premium research portal FirstMacro enhances emerging markets coverage

FX trading intel service offers expanded research and news within emerging markets FirstMacro, a premium forex research service run by former FXCM Senior Analyst Joel Kruger has announced some expanded capabilities when it comes to emerging markets. The firm will now cover emerging markets with news, commentary and trading strategies. They are now a full…

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April 07, 2014 BY Gerald Segal

Canadian OSC adds CySEC regulated Rodeler Limited to warning list - not to do business within Ontario

Canadian regulatory body issues warning to their constituents over binary trading platforms The Ontario Securities Commission (OSC) an independent Crown corporation that is responsible for regulating the capital markets in Ontario, Canada has issued a warning to Canadian investors over parent company of 24option, Rodeler Limited, who operates their HQ in Cyprus under regulation of CySEC…

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April 04, 2014 BY Gerald Segal

Saxo Bank monthly volume down roughly 10% from February

Year over year volume performance is down a bit as well. In March 2013, average daily volume stood at $15.1bn, total volume was $317bn Monthly volume figures at leading and LeapRate approved Danish brokerage Saxo Bank have been released for the month of March and the number is out at $239bn. That’s a decline of…

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April 04, 2014 BY Gerald Segal

ICAP daily volumes rise in March - 9% up on February

Volume on EBS ticked up slightly from February up 6% at $88.4bn for March 2014, but off 27% YOY EBS volumes come in at $88.4bn for March 2014, off 27% from the year prior when in March 2013 $120.4bn in volume clocked in. However, volume is up from the previous month by 6%. In February…

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April 04, 2014 BY Gerald Segal

HY Markets, headquartered in the UK launches HY Binary Options

Established FCA regulated broker enters binary options space The Official HY Markets (Henyep Capital Markets Ltd.) blog introduced their binary option trading platform today, HY Binary Options. The Henyep Group of companies has been operating in the financial service industry for 35 years and are licensed and registered in multiple jurisdictions including the United Kingdom,…

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