In the bizarre but continuing legal case of Aviv Talmor, former owner of the UTrade Retail FX and algo trading brand, Mr. Talmor has been sent (back) to jail for a second 14 day term after producing a "grocery list" in court which showed that he was not working to repay bankruptcy debts, as was agreed. Under…
Read moreShares of Retail FX and CFD broker Plus500 Ltd (LON:PLUS) were up nicely this morning, rising by 1% and re-approaching the company's all-time high as the company began trading for the first time on the LSE Main Market. Plus500 announced last week that it had received final approvals for the move to the Main Market from the LSE…
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The following article was written by AMarkets, a St. Vicent & the Grenadines (FSA) regulated global forex broker established in 2007. One of the reasons why traders come to the Forex market is to ride a trend. Trend trading suits every investor type, as trends form on all timeframes. Even scalpers (short-term oriented traders that buy…
Read moreBinary options brokerage and blockchain technology company TechFinancials Inc (LON:TECH) has released its financial figures for 2017, which not surprisingly saw a 37% decrease in Revenues, $13.4 million versus $21.3 million in 2016. EBITDA fell from $5.6 million in 2016 to $2.9 million in 2017. And, the company indicated that it is expected that revenues…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Timothy M. Cain of the U.S. District Court for the District of South Carolina entered a Consent Order against Defendant Jody Dupont of Anderson, South Carolina, and an Order of Default Judgment against his company, Open Range Trading LLC, also of Anderson. Neither DuPont nor Open Range…
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Abu Dhabi based financial services firm ADSS has announced the appointment of Jean El Khoury as head of marketing, based at the company’s HQ in Abu Dhabi. Jean El Khoury has over 11 years of experience covering online marketing, technology and business development as well as strategic planning. He is recognised as a specialist in…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Before the weekend, OPEC and non-OPEC oil producers finally reached a constructive agreement and decided to increase crude oil production appropriately from July. As the international crude oil market increased by nearly 1 million barrels a day in the second half…
Read moreAustralia financial regulator ASIC has announced that it has accepted a court enforceable undertaking from Vantage Global Prime, to address systems and controls inadequacies within its CFD business. Vantage is an Australian Financial Services licensee that is authorised to deal in financial products including CFDs to retail and wholesale clients. CFDs are derivative financial products…
Read moreTopping this week's Forex Industry News headlines... Who is LMAX Exchange's new Global Head of Institutional Sales? Which senior IG executive jumped to Stater Global Markets? Where did each of RoboMarkets and CFI open new offices following regulatory approvals? Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed…
Read moreCyprus financial regulator CySEC issued a statement on its supervisory priorities and activities for the second half of 2018, led by overseeing the adoption of MiFID II requirements. CySEC stated that its mission is to exercise effective supervision of Cyprus Investment Firms (‘CIFs’) to ensure maximum investor protection and the healthy development of the securities…
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