Mike Fox
LeapRate Analyst
May 26, 2016 BY Mike Fox

Forex4you develops own liquidity aggregator and MT4 bridge

BVI regulated brokerage Forex4you incorporated as E-Global Trade & Finance Group, Inc. announced this week that the firm has developed and introduced its own liquidity aggregator and order execution technology called MarketPlace. It will provide a new tech “engine” for automated advisors and trading strategies – order execution is faster and more reliable. MarketPlace – is software that aggregates…

Read more
May 25, 2016 BY Mike Fox

Kraken announces major update in MtGox claims investigation

Global digital asset exchange Kraken today shared major news from Tokyo’s court-appointed trustee in the investigation of claims from MtGox creditors. During a scheduled and long-awaited Creditor’s Meeting in Tokyo, Trustee Nobuaki Kobayashi announced today that 24,750 creditors have filed claims to date. The total amount claimed to date was 263,519,268,303,371 JPY, or approximately $2,411,412,137,427 USD, though…

Read more
May 25, 2016 BY Mike Fox

Bitcoin exchange operators now mandated to register with Japanese FSA

Japan's legislature The National Diet passed a bill today to regulate operators of Bitcoin and virtual currency exchanges. The Japan Times reported that under the revised law, virtual currency exchange operators are required to register with the Financial Services Agency (FSA) of Japan. The agency will be authorized to conduct on-site inspections and issue administrative orders as needed. The…

Read more
May 25, 2016 BY Mike Fox

Digital KYC firm iSignthis starts pilot agreement with iFOREX

Australia based iSignthis Ltd (ASX : ISX) announced today that it has entered into a pilot agreement with online broker, iFOREX.  iSignthis will integrate with iFOREX to pilot and optimize the ISX Digital KYC service. A successfully optimized pilot aims to provide iFOREX with a user friendly onboarding system. Per the announcement, the program will start with iFOREX German clients…

Read more
May 25, 2016 BY Mike Fox

Marex Spectron posts record $22.7m operating profit for 2015

Marex Spectron, the London based globally regulated commodities broker, has posted a record Operating Profit of $23 million for the year ended 31 December 2015, up from $15 million in 2014. EBITDA increased to $31 million from $25 million in 2014. Gross revenues were $348 million, compared with $368 million in 2014.  However, costs were…

Read more
May 25, 2016 BY Mike Fox

Former LCG execs lead rebranding at AFX

CySEC and FCA-UK regulated financial investment firm, AFX Capital announced today that it has renamed as AFX Group. The company says the move is the first step in their long term plan to create a scalable business structure under the AFX Group corporate umbrella in order to support further growth on a global scale. As…

Read more
May 24, 2016 BY Mike Fox

Coinbase rebrands its Bitcoin trading platform from Coinbase Exchange to GDAX

U.S. headquartered Bitcoin exchange and provider Coinbase announced today that as the company begins to offer additional digital currencies, they will operate Coinbase Exchange under a new brand: GDAX (Global Digital Asset Exchange). Further to this development today, the exchange announced that they have added Ether trading via the ETH/BTC and ETH/USD crosses. Founded in…

Read more
May 24, 2016 BY Mike Fox

Barchart names Mark Haraburda as CEO

Barchart, the Chicago based full-service provider of futures, equity and Forex market data, announced today that Mark Haraburda has been named CEO. Haraburda, 38, has served as Managing Director of Business Development and Sales for Barchart since 2007. Current Barchart CEO Andrew Lowdon will continue as COO, as well as company Chairman. Haraburda joins Barchart founders Lowdon…

Read more
May 24, 2016 BY Mike Fox

Carney: BoE wouldn't fight post-Brexit Forex moves in GBP

Bank of England (BoE) Governor Mark Carney today stated that the central bank of the United Kingdom would adopt a laissez-faire stance towards the pound no matter what decision comes during the UK-EU referendum being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union. For traders, they should expect to see…

Read more