Bank of England officials could have known about practices surrounding the 4 pm London fix The 4pm London FX fixing scandal is taking a new direction from a document that UK’s central bank released yesterday responding to a Freedom of Information Request made by Reuters. Bank of England officials have met with senior FX dealers…
Read moreAlexander Efrosman fled the US with a fake Russian passport in 2005, extradited from Poland 7 years later A stunning Reuters report uncovers the massive scale of a forex fraud scheme that includes several years of international chasing and ends with a prison sentence lasting 188 months (15 years and 8 months) and an obligation…
Read morePound volatility could still reap some benefits for UK spreadbetting and forex businesses When things get out of hand politicians toughen up and take control of the situation. The UK treasury has set an example on Monday that sometimes politicians can act tough without any immediate pressure and released a statement on the state of…
Read moreSpecial Report – LeapRate is working with MAP S.Platis on its MAP-ERS EMIR reporting solution. Are you ready for EMIR? If you're a Forex, CFDs or Binary Options broker in Europe and you don't yet have in place an EMIR reporting solution, better contact us fast.... A little spoken about but very important regulatory deadline…
Read moreExness nearly doubles its 2012 volumes in 2013, as it joins the 'major league' of large global retail forex brokers. LeapRate Exclusive.... Russia / New Zealand / Cyprus based retail forex broker Exness saw December trading volumes come in at $113 billion, marking the end of a watershed year for the MT4 broker. Overall, Exness…
Read moreCould be a great 2014 for CME Group, if a Greenwich Associates study is right According to a research paper by US strategic financial consulting firm Greenwich Associates, we are in for some changes to the structure which comprises the bulk of the foreign exchange market. Trading activity will shift to the futures markets and…
Read moreThe fraudster is found guilty of misappropriation, case against his company Financial Robotics continues It is a frequent occurrence in our LeapRate Forex Fraud Watch series to cover hefty misappropriations, but it’s a rarity to see a single investor entrust a rather big chunk of money to a fraudulent solicitor. That’s precisely what happened in…
Read moreRaaflaub oversaw the requirement of Swiss Forex brokers to receive a bank license, reshaping the industry. Switzerland's financial regulator FINMA has announced that its longtime CEO Patrick Raaflaub has resigned, and will be replaced on an interim basis by FINMA Deputy CEO Mark Branson. FINMA's Board of Directors has initiated a formal search for a new…
Read moreTotal volumes for last year higher by 17% over 2012 Volume metrics during the last month of the year at KCG Hotspot have remained somewhat subdued when compared to November’s release, however that shouldn't be a big surprise considering the broad industry slowdown during the holiday month, especially when it comes to institutional volumes. Overall…
Read moreThe access to the resource is free and it can be used by brokers and clients to settle transaction disputes Californian forex technology company Integral Development has now officially launched its earlier unveiled product aiming to bring more transparency to the forex market. While we haven’t tried the service yet, it can be a very…
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