Mike Fox
LeapRate Analyst
August 28, 2014 BY Mike Fox

Deutsche Bank fined £4.7m for failing to properly report CFD transactions

Deutsche Bank AG London Branch (Deutsche) has been fined £4,718,800 by the Financial Conduct Authority (FCA) for incorrectly reporting transactions between November 2007 and April 2013. Deutsche failed to properly report 29,411,494 Equity Swap CFD (contracts for difference) transactions. The failure, which affected all Deutsche’s Equity Swap CFD transaction reports in this period, breaches FCA…

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August 28, 2014 BY Mike Fox

Swissquote Daily Technical Report: EUR/USD – Weak recovery bounce

In Swissquote’s Thursday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for EUR/USD and USD/JPY. To view and download the entire report, click here (PDF). EUR/USD: Weak recovery bounce • EUR/USD was able to bounce of 2014 lows at 1.3153 yet buying pressure…

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August 27, 2014 BY Mike Fox

TWSE completes rollout of second generation FAST System

The Taiwan Financial Supervisory Commission recently introduced regulatory changes that allow investors to conduct day trading and allow issuers to introduce innovative products such as commodity ETFs, inverse/leverage ETFs, and potentially, multi-currency products to the Taiwan market.

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August 27, 2014 BY Mike Fox

X Open Hub is looking for students or recent grads to break into Forex trading industry

X Open Hub, a fully regulated London-based firm, licensed by the UK Financial Conduct Authority (FCA) which provides open trading technology to financial institutions and retail brokerage firms around the world announced today it is now providing opportunities for university students and recent graduates to undertake an internship placement at it's offices in London in…

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August 27, 2014 BY Mike Fox

FX cartel? British competition watchdog joins probes of Forex market

Reuters and the Wall Street Journal are reporting that the UK Competition and Markets Authority (CMA) has become the latest regulator to investigate the global foreign exchange market following allegations of rigging, the Wall Street Journal in particular reported on Tuesday, citing two people familiar with the matter. The antitrust watchdog recently shared information relating…

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August 27, 2014 BY Mike Fox

Swissquote Daily Technical Report: USD/JPY – Digesting its recent rise

In Swissquote’s Wednesday short term technical trading report, the research team outlines the major technical levels of popular currency instruments with forecasts, below is the outline for USD/JPY and AUD/USD. To view and download the entire report, click here (PDF). USD/JPY: Digesting its recent rise • USD/JPY has failed to hold above the key resistance at 104.13, suggesting…

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