Mike Fox
LeapRate Analyst
July 25, 2016 BY Mike Fox

Gibraltar Stock Exchange adds Bitcoin Exchange Traded Instrument

The Gibraltar Stock Exchange welcomes BitcoinETI (ticker: BTCETI), an asset-backed Exchange Traded Instrument that is invested exclusively in bitcoin, making it the first European regulated product for the leading digital currency. The Bitcoin Exchange Traded Instrument (ETI) was approved for admission to listing on GSX on 22-Jul-2015 and will be co-listed on Deutsche Börse this week under…

Read more
July 25, 2016 BY Mike Fox

ETrade to buy OptionsHouse for $725 million

E*TRADE Financial Corporation (NASDAQ:ETFC) today announced it has entered into a definitive agreement to acquire Aperture New Holdings, Inc., the ultimate parent company of OptionsHouse, for $725 million in cash. The transaction will boost E*TRADE’s derivatives capabilities while expanding its customer profile with the addition of OptionsHouse’s highly active, derivative-centric traders. E*TRADE intends to finance…

Read more
July 25, 2016 BY Mike Fox

FIBO Group announces opening of new office in Shanghai

CySEC and BVI regulated brokerage firm FIBO Group announced the expansion of its activities in Asia and likewise the official opening of their new office in Shanghai, China. The brokerage states its customers from this region will be able to directly obtain the necessary consultation and open an account within the new office under the supervision of qualified…

Read more
July 21, 2016 BY Mike Fox

Digital currency exhchange Coinbase adds support for Ethereum

Digital currency wallet and platform Coinbase announced today that it is adding support for blockchain-based Ethereum (ETH). Consumers can now easily buy, sell, send, and store Ether in their Coinbase account. What is Ethereum Exactly? There has been a lot of activity in Ethereum recently: the largest crowdfunding in history (The DAO), the subsequent attack on The…

Read more
July 21, 2016 BY Mike Fox

Dukascopy reduces leverage on Turkish lira pairs to 1:10

Dukascopy Bank, regulated by the Swiss Financial Market Supervisory Authority FINMA and its EU regulated subsidiary announced today that due to possible risk of significant price gaps and low liquidity on Turkish lira  (TRY) instruments, which may cause negative equity on client accounts, Dukascopy Bank and Dukascopy Europe are implementing a maximum leverage of 1:10…

Read more
July 21, 2016 BY Mike Fox

CME launches 2 new S&P 500 Index Futures instruments

CME Group Inc (NASDAQ: CME) the world's leading and most diverse derivatives marketplace, today announced the launch of S&P 500 Total Return Index Futures (S&P Total Return) and S&P 500 Carry Adjusted Total Return Index Futures (S&P Carry Adjusted Total Return) futures. These new products are designed to help market participants mitigate costs and find efficiencies…

Read more
July 21, 2016 BY Mike Fox

Exclusive: XTB Ltd UK swings to profit in 2015 on revenues of £4.6 million

Brokerage house XTB Ltd UK (formerly known as  X Open Hub Ltd) released year ended Dec 31st 2015 financial statements which shows the UK office of the brokerage XTB Group swung to a profit of £268k on £4.6m in revenues compared to 2014 where revenue stood at £970k and the company absorbed a loss of £686k. Parent company X-Trade Brokers…

Read more
July 20, 2016 BY Mike Fox

HSBC Forex head arrested in New York; first person to be charged in DoJ's FX probes

Bank Forex executive Mark Johnson, HSBC's global head of foreign exchange cash trading in London has reportedly been arrested at New York's John F. Kennedy airport, charged with front-running customer orders. According to press reports, Mr. Johnson has become the first person to be charged in the Justice Department's three-year probe into forex rigging at global banks. He…

Read more