Mike Fox
LeapRate Analyst
July 19, 2016 BY Mike Fox

Canadian securities regulators recognize three trade repositories

Securities regulators in Alberta, British Columbia, New Brunswick, Nova Scotia and Saskatchewan (the approving jurisdictions) today announced the approval of recognition orders for three derivatives trade repositories: the Chicago Mercantile Exchange Inc., DTCC Data Repository (U.S.) LLC and ICE Trade Vault, LLC.  Securities regulators in Newfoundland and Labrador, Nunavut, Northwest Territories, Prince Edward Island and…

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July 18, 2016 BY Mike Fox

Match-Trade launches a comprehensive MT4 risk management solution

Match-Trade Technologies LLC, headquartered in Irvine, California, is pleased to announce the launch of a completely new web-based Match-Trade MT4 RMS, a risk management solution which will allow FX brokers to analyze and control various trading and business risks. Match-Trade MT4 RMS is an FX Broker Analytics Platform that manages critical trading risk exposures from…

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July 18, 2016 BY Mike Fox

Azerbaijan a booming market for Saxo Bank as clients grow by 30%

Saxo Bank, a leading globally regulated brokerage specializing in online trading and investments, has published data about investors from Azerbaijan to the local media in the country. According to Saxo Bank, the number of investors from Azerbaijan on social trading portal TradingFloor.com has increased by 30% over the past two years. Most of the investors belong…

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July 18, 2016 BY Mike Fox

Jim Iorio appointed as EBS BrokerTec Global Head of Sales

EBS BrokerTec, ICAP Plc's (LON: IAP) market-leading electronic foreign exchange (FX) and fixed income business, announced today that Jim Iorio has joined the company as Global Head of Sales and will sit on EBS BrokerTec’s Executive Management Committee. Based in New York, Jim will be responsible for all sales across both the EBS and BrokerTec…

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July 18, 2016 BY Mike Fox

FxPro sets trading to close only on Turkish lira

FCA and CySEC regulated broker FxPro informed clients today that as a result of the apparent attempted coup in Turkey and the increasing volatility across the markets, the following trading conditions went into effect upon Market Opening ‪on Monday, July 18 (00:00 GMT+3‬): - "Close Only" functionality enabled on FxPro MT4 and FxPro MT5 on all…

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July 18, 2016 BY Mike Fox

Tickmill posts new all time high in June with $49.1 billion in volume

Global ECN broker Tickmill, authorized and regulated by the Financial Services Authority (FSA) of Seychelles is proud to announce that its trading volume of $49.1 billion in June was the largest in company history. A key feature which propelled Tickmill's trading volume to record highs included a 'zero commissions' policy during the Brexit week. CEO…

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July 18, 2016 BY Mike Fox

SGX to transfer Regulation unit to subsidiary company with separate Board

Singapore Exchange (SGX) announced today it will establish a separate subsidiary company (RegCo) to undertake all the front-line regulatory functions it currently performs. The move aims to further enhance the governance of SGX as a self-regulatory organisation (SRO) by making more explicit the segregation of its regulatory functions from its commercial and operating activities. RegCo…

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July 17, 2016 BY Mike Fox

Taiwan tightens regulation on Forex derivatives

Taiwan's central bank said this past week that it will require complex, high-risk Forex derivative instruments to go through regulatory approval before allowing banks to sell such products to clients, as first reported by Reuters. Currently, some financial products can be sold by banks to their customers without much regulatory oversight. The tightening comes after…

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July 16, 2016 BY Mike Fox

CME readies 6 weekly FX option contracts for electronic trading

CME Group (NASDAQ: CME) just announced that effective Sunday, August 7, 2016 for trade date Monday, August 8, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange will make available its six (6) existing FX weekly options contracts for trading on CME Globex and for submission for clearing through CME ClearPort (see table…

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July 16, 2016 BY Mike Fox

RoboForex changes company name of Belize office

CySEC and International Financial Services Commission (IFSC) of Belize regulated brokerage RoboForex informed the public today that the name of RoboTrade Ltd company licensed under IFSC/60/271/TS/16 was changed appropriately to RoboForex Ltd. Apparently, the purpose of this change was the unification of the names within RoboForex group. RoboForex holds the IFSC of Belize license for trading in financial and commodity…

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