Mike Fox
LeapRate Analyst
July 12, 2016 BY Mike Fox

CBOE launching SPX Monday-expiring Weeklys options

The Chicago Board Options Exchange (CBOE) announced that it plans to list S&P 500 Index (SPX) Monday-expiring Weeklys options, beginning August 15, 2016, pending regulatory approval.  With the expected introduction of SPX "Monday Weeklys," CBOE will now offer SPX options with Monday, Wednesday and Friday weekly expirations. CBOE's new SPX Monday Weeklys options will generally have the same…

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July 12, 2016 BY Mike Fox

Exclusive: Forex broker Tickmill redesigns website with mobile friendly back office

FSA Seychelles regulated Forex broker Tickmill has redesigned their homepage including positive changes for their brand new and improved website which has officially gone live today. Tickmill was relaunched from Armada Markets for retail traders a couple of years ago, and has seen positive reviews from the trading community for their professional service and execution. As a result, the broker has been…

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July 11, 2016 BY Mike Fox

Euronext to offer MiFID II compliant trade publication and transaction reporting services

Euronext announced it will enhance its Trade Publication and Transaction Reporting Services (subject to regulatory approval) to allow investment firms to meet the new regulatory requirements specified under MiFID II. MiFID II comes into effect in January 2018 with the aim of improving the transparency of markets in financial instruments. Euronext’s Trade Publication and Transaction Reporting…

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July 11, 2016 BY Mike Fox

South Africa FSB warns the public against Outlook Forex Traders

The Financial Services Board (FSB) of South Africa would like to warn the public not to conduct financial services business with Outlook Forex Traders. Outlook Forex Traders is not authorised as a financial services provider and is not a representative of an authorised financial services provider. Persons rendering financial services without a licence or without…

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July 11, 2016 BY Mike Fox

Borsa Italiana Global Equity Market succesfully launched

Starting from today 11 July 2016, the segment ‘Borsa Italiana Global Equity Market’ is part of the new market ‘Borsa Italiana Equity MTF’, including the After-Hours segment as well. A multilateral trading facility (MTF) is a European regulatory term for a non-exchange financial trading venue. The new segment is dedicated to trading of shares already available…

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July 11, 2016 BY Mike Fox

FCA warns on GO Markets UK clone

Today the UK Financial Conduct Authority put out details of a cloned firm using the name of Forex brokerage Go Markets UK. Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK: Go Markets UK (clone) This clone firm is using the details of the…

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July 11, 2016 BY Mike Fox

Thomson Reuters Forex platform volumes best since January

Thomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for June 2016, with spot FX volumes rebounding to 23% higher MoM to $116 billion from May's $94 billion due to the UK's EU referendum induced volatility. The massive volatility on Brexit day saw Reuters FX trading platforms report 3x the normal volume the Friday of the vote.…

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July 11, 2016 BY Mike Fox

GAIN Capital volumes up 3.7% MoM to $231.7 billion; institutional rises 40%

GAIN Capital Holdings, Inc. (NYSE: GCAP) today reported volume operating metrics for the month of June 2016. It looks like due to slashing of leverage and increase of margin requirements respectively, June did not provide the boon to volumes we saw at the big Wall Street institutional venues during the EU referendum. Last year "Grexit" also…

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July 11, 2016 BY Mike Fox

FCA UK regulated IKON restructures to MEX Group; launching new exchange platform

IKON MultiBank Group, an online forex trading service provider regulated by the Financial Conduct Authority UK and Australian Securities & Investments Commission announced today restructuring under a new trademark name of MultiBank Exchange Group (MEX Group), with a new holding company based in California, USA. As part of the restructuring, MultiBank Exchange Group also announced today…

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July 11, 2016 BY Mike Fox

Americas to dominate the global algorithmic trading market until 2020

Technavio, a London based global technology research and advisory company in its latest report concludes that the global algorithmic trading market is expected grow at a compound annual growth rate (CAGR) of more than 10% during the forecast period. In the report, Technavio covers the market outlook and growth prospects of the global algorithmic trading market for 2016-2020. To…

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