FCA regulated FX and CFDs broker ActivTrades has announced the introduction of Exchange Traded Funds (ETFs) to its global client base. ETFs are marketable securities that can be used to track an index, commodity, bonds or a basket of assets like an index fund. As the underlying index increases in value the ETF increases too.…
Read moreINTL FCStone Inc (NASDAQ:INTL), a diversified global financial services organization providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets around the world, today announced its financial results for the fiscal year 2018 second quarter ended March 31, 2018. Overall, Q2 operating revenues were up 33% from Q2-2017, to…
Read moreVirtu Financial, Inc (NASDAQ:VIRT), a technology enabled global market maker, has announced the commencement of an underwritten secondary offering of 15,000,000 shares of its Class A common stock. At Tuesday's close of $33.35 per share, the offering size is aimed to be $500 million. The selling stockholders, Mr. Vincent Viola, Virtu's founder and Chairman Emeritus, TJMT Holdings LLC…
Read moreThe U.S. Commodity Futures Trading Commission (CFTC) has announced that Judge Esther Salas of the U.S. District Court for the District of New Jersey has entered an Order of default judgment and permanent injunction against Alcibiades Cifuentes and Jennifer Wee Cifuentes, both of West New York, New Jersey, and their corporate entity, Cifuentes Fund Management, LLC. The Order,…
Read moreInstitutional FX exchange and liquidity provider LMAX Exchange has announced its results for 2017, indicating continued and healthy top and bottom line growth for the company. Although it was not formally announced by the company, we understand that the company's top line Revenues grew by just over 10% in 2017, coming in at £30.5 million (USD…
Read moreOne of the recurring themes we cover at LeapRate is that of risk management for Forex brokers. It is clear to us that some brokers do it well and some, let's say, not so well. Why does risk management remain such a ‘pain point’ for so many brokers? We're pleased to present our conversation on…
Read moreLeapRate Exclusive... LeapRate has learned that FCA regulated broker ITI Capital Limited has made another addition to its senior management team, hiring Richard McCall as the company's new COO. Richard McCall was with proprietary trading firm Sun Trading International for the past four years, as its COO. Prior he was COO - EMEA Equity Derivatives in…
Read moreLeapRate Exclusive... LeapRate has learned that Geneva and Latvia based Retail FX brokerage group Dukascopy continued its weak performance from the first half of 2017 into the second half of the year. Overall, Dukascopy posted Revenues of CHF 29.1 million (USD $29.0 million) in 2017, down 12% from CHF 33.2 million in 2016. The company…
Read moreDerivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced that WTI Light Sweet Crude Oil futures open interest reached a record 2,695,178 contracts on Friday, May 4, surpassing the previous record of 2,691,028 contracts set on November 10, 2017. Peter Keavey, CME Group Global Head of Energy said: Market participants are using WTI futures and…
Read moreBitfinex, one of the world’s leading digital asset trading platforms, has announced that Peter Warrack, former Director of AML (Fintech Advisory) and Compliance Officer at the Bank of Montreal, has joined the exchange as Chief Compliance Officer (CCO). “We are exceptionally excited to have Peter join Bitfinex. His knowledge and experience, combined with our shared…
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