LeapRate Staff
LeapRate Analyst
April 13, 2016 BY LeapRate Staff

Standard Bank South Africa deploys TradAir eFX solution for Dollar-Rand market making

eFX trading solutions provider TradAir has announced that Standard Bank South Africa (SBSA) has deployed its complete eFX trading platform as part of strategic vision by SBSA to dominate Dollar Rand (USDZAR) market-making globally, and create regional market-making specialists across Africa.  SBSA is the largest bank in Africa. It will be deploying TradAir to all…

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April 13, 2016 BY LeapRate Staff

Nathan Schleifer and Galileo Trading banned by the CFTC and fined $1.6 million for commodities fraud

The U.S. Commodity Futures Trading Commission (CFTC) has settled charges against Nathan Schleifer of New York City, and his company Galileo Trading LLC for fraudulently soliciting customers to trade commodity futures, and for repeatedly making numerous false statements and material misrepresentations to the National Futures Association (NFA) regarding their trading practices. From at least 1999 through…

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April 12, 2016 BY LeapRate Staff

Japan's Money Partners Group joins Kraken Series B investment round

Kraken - one of the world’s largest Bitcoin, Ethereum and digital asset exchanges - has announced an investment from Money Partners Group, one of Japan’s leading foreign exchange brokerages, as part of Kraken's Series B financing round. While Kraken didn't disclose the size or terms of the Money Partners Group investment, we believe it is in the multi-million dollar range. Tokyo-based Money…

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April 12, 2016 BY LeapRate Staff

FXCM retail volumes off 6% in March, but institutional up 57%

Retail forex broker FXCM Inc (NYSE:FXCM) has announced key customer trading metrics for March 2016 for both its retail and institutional foreign exchange business. Not surprisingly, retail volumes in March were down at FXCM (by 6%), in line with what we have seen at most other leading brokers. However institutional volumes popped more than 50%…

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April 08, 2016 BY LeapRate Staff

Fallout of the ‘Falling’ Crude Price for Saudi Arabia

The following guest post is courtesy of HiWayFX. [divide] With more than 25% of the global proven oil reserves and more than 255 trillion cubic feet of gas reserves; Saudi Arabia reported to generate more than 85% of the country’s export revenues from this hydrocarbon wealth for the fiscal year 2013. However in the present…

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April 07, 2016 BY LeapRate Staff

Why Google is Still the Number 1 Marketing Channel for Brokers

Bart Burggraaf, Managing Partner at MediaGroup Worldwide takes an interesting look at Forex Brokers' still #1 marketing choice - good ol' Google - in a special LeapRate guest post. Google built its empire on a simple idea: show people an ad relevant to what they search for. Last year alone, Google had $74.5 billion in revenue,…

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