June 07, 2016 BY LeapRate Staff
Deutsche Börse lists world's first Turkish bond index ETF
ETF physically tracks bonds with differing durations issued by the Republic of Turkey.
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June 07, 2016 BY LeapRate Staff
Saxo Bank FX volumes off marginally in May to $255 billion
Considering the fairly down figures we've witnessed so far for both retail and institutional FX platforms in May, Copenhagen-based Saxo Bank's figure of $255 billion for the month seems fairly strong. On an ADV basis, volumes were down 3.2% from $12.4 billion per day in April at Saxo Bank to $11.6 billion in May. The…
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June 07, 2016 BY LeapRate Staff
Getting noticed in a crowded FCA regulated broker market: ICM Capital co-founder Shoaib Abedi speaks
For those who frequently follow LeapRate you'll certainly have noticed a trend of forex brokers from around the world establishing beachheads in the UK and getting licensing from the FCA. The reasons vary from trying to take a piece of the very lucrative UK online trading market - still the world's #1 retail trading market as far…
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June 06, 2016 BY LeapRate Staff
CFTC charges Haena Park and her companies with misappropriation, trading fraud, and running a Ponzi scheme
The U.S. Commodity Futures Trading Commission (CFTC) has announced the filing of a civil enforcement action charging Haena Park and her companies operating under various names including Phaetra Capital GP LLC, Argenta Capital GP LLC, Phaetra Capital Management LP, Argenta Capital LLC, and Argenta Group LLC with fraudulently operating a commodity pool and misappropriation of pool…
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June 06, 2016 BY LeapRate Staff
IHS and Markit Announce Senior Executive Leadership Appointments for IHS Markit
Business analytics provider IHS Inc. (NYSE: IHS) and financial info services specialist Markit Ltd (NASDAQ: MRKT) today announced senior executive leadership appointments for IHS Markit following the consummation of their planned $13 billion merger that was announced on March 21, 2016. The appointments will be effective upon completion of the proposed merger transaction, which is…
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June 06, 2016 BY LeapRate Staff
IronFX-FXDD merger Part II - the filing, the valuation, the deal structure
LeapRate Exclusive... Further to our exclusive coverage of the planned merger between leading retail forex MT4 brokers IronFX and FXDD, LeapRate has learned some more details regarding the plans, as well as the regulatory filing we alluded to in our earlier article. And, the identity of the public company which will be part of the…
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June 06, 2016 BY LeapRate Staff
Evolving Global Payments Scenario Towards Cashless Transactions
The following guest post is courtesy of HiWayFX. [divide] On analysing the trends in consumer payments it can be seen that there has been a steady momentum built towards usage of card-based payment and usage of electronic modes of payments. It is worth highlighting that there have been on average more than 2.2 billion cards…
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June 06, 2016 BY LeapRate Staff
CFTC complaint leads to $940K fine and trading ban to Rico Omar Cox for solicitation fraud
The U.S. Commodity Futures Trading Commission has announced that Judge William J. Zloch of the U.S. District Court for the Southern District of Florida entered an Order of Default Final Judgment against Defendant Rico Omar Cox (AKA Omar Negron) of Dania Beach, Florida, requiring restitution of $381,000 and imposing a $560,000 civil monetary penalty for…
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June 06, 2016 BY LeapRate Staff
Morgan Stanley sells down Plus500 Ltd stake to below 3%
LeapRate has learned via filings made to the London Stock Exchange that global investment bank Morgan Stanley (NYSE:MS) has sold down its stake in FCA regulated retail forex and CFD broker Plus500 Ltd (LON:PLUS) to below 3%. Morgan Stanley had been the second or third largest outside shareholder in Plus500 at just under 7%, after UK investment manager…
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June 05, 2016 BY LeapRate Staff
Forex Industry Week Review - Saxo Bank limits leverage, Phillip Capital shuts US retail forex, Blackrock takes stake in ICAP, and lots more
Forex industry news at LeapRate this past week saw extraneous factors causing changes in the Retail Forex sector once again. There was our exclusive report on details of Saxo Bank's plans cut leverage and increase margin requirements for clients due to the upcoming Brexit vote. LeapRate broke the story of Singapore-based Phillip Capital, which has been…
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