Forex industry news at LeapRate was certainly dominated this week by IPO fever. With equity markets especially for tech and growth companies in both the US and Europe having a hot start to 2016, companies having the results to back up their stories are now looking to go public. And the Forex sector is no exception.…
Read moreLeapRate has learned that Avail Trading Corp., the California-based introducing broker which operates as ATC Brokers, has reached a settlement with its former client George Bos. As reported earlier by LeapRate, Bos had won a lawsuit in Los Angeles Superior Court against ATC and its CEO David Manoukian in January 2016 totaling $1.6 million. Following…
Read moreXTB Online Trading parent company X-Trade Brokers Dom Maklerski SA has filed details of its planned IPO with the Warsaw Exchange. The company also released detailed financial information, which revealed that the XTB group brought in revenues of PLN 275 million (USD $72 million) in 2015, earning profit of $30 million. Revenues were up 39% in…
Read moreCyprus financial regulator CySEC has issued some new directives on Binary Options trading, centering on required increasing transparency from binary options brokers. CySEC has given regulated binary options brokers on the island three months to demonstrate that they are in full compliance with all aspects of the new directives. The directives, reviewed in more detail…
Read moreCME Group's Chicago trading floor will remain open for trading of options on futures contracts, as well as for S&P 500 futures contracts.
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) announced today that Dan Rutherford has joined the agency as its first Director of the Office of Customer Education and Outreach. Rutherford joins the CFTC with nearly two decades of personal finance writing and financial education experience. Prior to joining the CFTC, Rutherford was among the team that…
Read moreBreaking Forex News... Social trading pioneer Ayondo has announced plans for a listing for the company on the Singapore Exchange (SGX), which would result in the company having a market capitalization in the S$210 million (USD $155 million) range post transaction, valuing Ayondo at about $116 million pre-deal. FCA-regulated Ayondo stated that it is in advanced…
Read moreLeapRate Exclusive... LeapRate has learned that Andrew Gibson has left institutional electronic FX platform FastMatch, following just four months on the job as Director of Sales for Europe. We had reported that the very colorful Mr. Gibson had joined FastMatch late last year from Tradair, where he was Global Sales Director. His tenure at TradAir was also…
Read moreThe FCA's report also takes aim at investment banking practices such as cross selling of products to issuing companies.
Read moreAustralia financial regulator ASIC has issued an AUD $20,000 fine to the Australian unit of German banking giant Deutsche Bank AG (FRA:DBK), to comply with an infringement notice given by ASIC's Markets Disciplinary Panel. The penalty was for Deutsche Bank failing to make the necessary enquiry through the message facility of the ASX 24 Market and wait…
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