Pan European financial regulator ESMA has announced the dates from which it will enforce new rules governing online trading and brokerage. We would note, however, that the new rules - banning Binary Options in the EU and restricting leverage on CFDs as outlined in more detail below - are temporary and will only be in…
Read moreThe U.S. Securities and Exchange Commission (SEC) has announced charges against an employee of prominent investment bank Goldman Sachs (NYSE:GS) with repeatedly using his access to highly confidential information in order to place illicit and profitable trades in advance of deals on which the bank was providing investment banking advisory services. According to the SEC’s complaint,…
Read moreFCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its results for the full year 2017, indicating steady if unspectacular improvement in the second half of the year. However, the company continues to lose money, albeit at a slower rate. And, most interestingly, the company separately announced that…
Read moreAfter the high profile head of its Prime Brokerage unit was fired amid allegations of sexual misconduct, Bank of America has apparently seen a slew of other senior and junior personnel jump ship. Omeed Malik, who had joined BofA from MF Global in 2012 and had risen up the ranks to head the bank's successful Prime…
Read moreLeapRate Exclusive... LeapRate has learned that Markets.com, the Retail FX and CFD brokerage arm of online gaming and financial giant Playtech PLC (LON:PTEC), is planning on launching a new branded service targeting the high end of the retail client spectrum. The new service will be called MarketsX. Looking to break out of its long-term core area…
Read moreThe following article was written by freelance writer Kelly Simon. When FTC (Financial Technology Cryptocurrency), first launched its digital currency innovation powered by Ethereum Blockchain technology in 2017 it joined a host of other ICOs looking for contributors. However, after successfully hitting the mark every time and appearing in many high-profile places, it became apparent…
Read moreThe following article was written by AMarkets, a St. Vicent & the Grenadines (FSA) regulated global forex broker established in 2007. We will thoroughly analyze current stages of bitcoin development and make our assumptions what rally to expect from it this year. Mid-May, bitcoin is in its phase of protracted correction, losing more than 50%…
Read moreFX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…
Read moreThe U.S. Securities and Exchange Commission has announced that it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against X-Change Financial Access LLC (XFA) of Chicago, Illinois, for failure to diligently supervise its employees’ handling of its customer accounts and failure to preserve complete records. At the time of the conduct charged, XFA was registered with the CFTC as…
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