U.S. Federal Court orders Missouri FX fraudster and his company to pay over $2.5M in monetary sanctions LeapRate

Mike Fox

LeapRate Analyst

December 16, 2014 BY Mike Fox

U.S. Federal Court orders Missouri FX fraudster and his company to pay over $2.5M in monetary sanctions

The defendants concealed trading losses, misappropriated approximately $1 million of pool participants’ funds, issued false account statements to pool participants, and failed to disclose that the counterparty to the retail forex transactions that were offered or entered into with the respective pools was not registered with the CFTC.

December 16, 2014 BY Mike Fox

BTIG launches electronic trading platform 'TradeSave FX'

As an institutional electronic Forex dealing platform, TradeSave FX is an attractive offering for sophisticated low-touch execution clients.

December 16, 2014 BY Mike Fox

LMAX Exchange launches matching engine in the Equinix IBX Data Centre in Tokyo (TY3)

Adding a matching engine in Japan, the market accounting for over 40% of the global retail FX volumes, is a major milestone in global expansion for the London-based LMAX Exchange.

December 16, 2014 BY Mike Fox

17%! Russia launches a massive interest-rate hike at 1am Moscow time

The ruble jumped against the dollar after Russia sharply hiked its benchmark interest rate to halt a collapse in its currency. The Russian central bank raised its key interest rate to 17 percent from 10.5 percent, in a move it said was aimed at curbing increased devaluation and inflationary risks.

December 16, 2014 BY Mike Fox

CFTC open for public comments on aspiring bitcoin option clearing firm LedgerX

The U.S. Commodity Futures Trading Commission (CFTC) is asking for public comment on related applications submitted by LedgerX, LLC (LedgerX), for registration as a derivatives clearing organization and registration as a swap execution facility. LedgerX plans to list and clear fully collateralized, physically settled options on bitcoin. Comments should be submitted on or before January…

December 15, 2014 BY Mike Fox

When will it end? Ruble continues historic slide as it drops below USDRUB 60...

"There's no relief in sight, the mood on the market is pessimistic," said Igor Akinshin, a trader at Alfa Bank. "Any recovery in the ruble is used to buy into foreign currencies," Mr Akinshin said.

December 15, 2014 BY Mike Fox

TRADING CENTRAL acquires Recognia forming fusion between technical and automated analysis

The deal enables Recognia and TRADING CENTRAL to accelerate their new product development, digital & mobile delivery capabilities, and sales & service expansion to better serve their global client base.

December 15, 2014 BY Mike Fox

Malaysian Ringgit, Philippines Peso added to Thomson Reuters Matching platform

Thomson Reuters, today announced the launch of real-time electronic trading of spot and forward Malaysian Ringgit (MYR) and the Philippines Peso (PHP) on its Matching platform. The addition of the new currencies to Matching, means, onshore banks will now have access to an electronic central limit order book, providing them with more reference on pricing…

December 15, 2014 BY Mike Fox

BGC Partners to acquire the UK assets and subsidiaries of interdealer brokerage RP Martin

Acquisition of the assets and subsidiaries of RP Martin will expand BGC's footprint into the Netherlands and Sweden and strengthen BGC's European business

December 12, 2014 BY Mike Fox

Nadex officially adds 5 minute expiries next week on select FX pairs and amends its settlement price policy

Nadex, the American regulated binary options exchange has some new things being implemented next week. One, 5 minute expiries on major currency pairs will be introduced following submission and acceptance from the CFTC. Second, the binary options exchange will amend how it calculates official expiration rates. You can read the official notices from Nadex below:…

U.S. Federal Court orders Missouri FX fraudster and his company to pay over $2.5M in monetary sanctions

BTIG launches electronic trading platform 'TradeSave FX'

LMAX Exchange launches matching engine in the Equinix IBX Data Centre in Tokyo (TY3)

17%! Russia launches a massive interest-rate hike at 1am Moscow time

CFTC open for public comments on aspiring bitcoin option clearing firm LedgerX

When will it end? Ruble continues historic slide as it drops below USDRUB 60...

TRADING CENTRAL acquires Recognia forming fusion between technical and automated analysis

Malaysian Ringgit, Philippines Peso added to Thomson Reuters Matching platform

BGC Partners to acquire the UK assets and subsidiaries of interdealer brokerage RP Martin

Nadex officially adds 5 minute expiries next week on select FX pairs and amends its settlement price policy

CME Group Posts Second-Highest August Trading Volumes, Boosted by Crypto Records

Ant International’s Antom Launches Agentic Payment Solution

Global X Taps ICE Indices for New Leveraged and Inverse ETFs in Canada

Eurex launches Credit Index Derivatives Partnership with Major Banks

CME Group Secures Major Banks for BrokerTec Chicago Launch