Mike Fox
LeapRate Analyst
August 16, 2016 BY Mike Fox

Euromoney acquires FastMarkets and extends Metal Bulletin's capabilities into real-time data delivery

Euromoney Institutional Investor PLC (LON:ERM), the international online information and events group, and the owner of Metal Bulletin, the global metals and mining price reporting agency, has signed a binding contract to acquire 100% of the shares of FastMarkets Ltd. FastMarkets is a leading provider of real-time metals market information. It will become an integral…

Read more
August 16, 2016 BY Mike Fox

UnionPay Mobile QuickPass debuts in North America

It was announced today by UnionPay International that a number of daily-spending merchants in Canada will start to accept UnionPay mobile QuickPass, which marks the debut of this innovative service in North America. Previously, UnionPay mobile QuickPass has been accepted at over 220,000 POS terminals in Hong Kong, Macau, Taiwan, South Korea, Singapore and Australia. The merchants accepting…

Read more
August 15, 2016 BY Mike Fox

CBOE launches first in series of social media-based strategy benchmark indexes

Chicago Board Options Exchange (CBOE) announced today that it has launched the CBOE-SMA Large Cap Index (SMLC Index), the first of a series of sentiment-based strategy benchmark indexes that measure short-term market momentum based on Social Market Analytics’ (SMA) social media metrics. CBOE announced in June that it entered into an exclusive licensing agreement with SMA…

Read more
August 15, 2016 BY Mike Fox

itexsys announces new liquidity partnership with MahiFX

It was announced today that London based itexsys, a MT4 White Label solutions provider for brokerages formed a new liquidity partnership with MahiFX, a broker and FX technology provider regulated by the Australian Securities and Investment Commission and the New Zealand Financial Markets Authority. It is understood that itexsys already has 2 clients onboard with MahiFX liquidity with a…

Read more
August 15, 2016 BY Mike Fox

ayondo group launches educational mobile app “ayondo academy”

Financial technology group ayondo announced over the weekend a new mobile app, the ayondo academy. The app targets investors who want to experiment and learn in a simulated trading environment. The ayondo academy, created by the group's Mobile Lab in Singapore, allows users to trade virtual stocks, participate in trading competitions and learn about the…

Read more
August 13, 2016 BY Mike Fox

Interactive Brokers to discontinue Forex margin trading for U.S. retail traders

Some late breaking news into the weekend as we found out that Interactive Brokers Group, Inc (NASDAQ: IBKR) has sent alerts to clients informing them of an update in their service plans for U.S. based Forex traders with the company. It looks like Interactive Brokers will restrict margin FX trading only to "Eligible Contract Participants", meaning those with…

Read more
August 12, 2016 BY Mike Fox

FinCEN issues final due diligence rules and AML procedures for FCMs and IBs

The Financial Crimes Enforcement Network (FinCEN) today issued final rules relating to customer due diligence requirements that are applicable to futures commission merchant (FCM) and introducing broker (IB) Members. Under the new rules, FCM and IB Members will be required to identify and verify the identity of beneficial owners of legal entity customers. The final…

Read more
August 12, 2016 BY Mike Fox

Jersey and Liechtenstein’s financial regulators sign MoU

The Jersey Financial Services Commission (JFSC) signed a Memorandum of Understanding (MoU) with the Liechtenstein Financial Market Authority (FMA) on 11 August 2016, which puts in place a formal mechanism to enable the regulatory authorities to co-operate on supervisory matters, exchange information and apply oversight of regulated firms in order to maintain the stability and…

Read more
August 12, 2016 BY Mike Fox

Beta testing begins as TradingView to support OANDA

TradingView, the Chicago based advanced financial visualization platform today announced that it is continuing ramping up and adding more brokers. This time it’s well-known FX broker OANDA that you can trade with. TradingView went live with support for FXCM earlier in August, after LeapRate broke news earlier in the year that FXCM would be the first broker to…

Read more