Mike Fox
LeapRate Analyst
May 02, 2016 BY Mike Fox

Vantage FX introduces 8.88% interest on accounts

In what is akin to essentially a small rebate back on your commision each month, all active Forex traders who meet the minimum monthly Forex trading volume, will receive an additional 8.88% interest payment (calculated per annum, paid out monthly), credited to their Vantage FX trading account. ASIC regulated forex broker Vantage FX today announced the launch of its 8.88% interest earning accounts,…

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April 28, 2016 BY Mike Fox

CME Europe renews FX aggregation and discount incentive programs

CME Europe Limited (CMEEL) part of CME Group (NASDAQ: CME) today advised that Clearing Member and Customer Aggregation FX Incentive Programmes are due to expire and announced the renewal of these programmes as further described below: In order to allow time for members to apply, the existing programmes are extended by 4 days until April…

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April 27, 2016 BY Mike Fox

CLS daily FX trading volume tails off to $4.69 trillion ADV

CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market, has earlier today published its operating metrics for March 2016. The average daily input volume submitted to CLS, combining the settlement and aggregation services, was 1,035,678 down 15.2% MoM from 1,220,828 in February 2016. Showing even further consolidation, the reading for March 2016 was…

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April 27, 2016 BY Mike Fox

Ullink announces direct connectivity to trueEX

Ullink, the global provider of electronic trading and connectivity services, now provides direct connectivity to trueEX, a leading interest rate swap execution facility (SEF). Ullink’s multiprotocol connectivity platform UL Bridge will provide its clients with real-time access and efficient onboarding to the trueEX platform. trueEX is one the fastest growing SEFs, supporting 18 currencies, made…

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April 26, 2016 BY Mike Fox

LSE sees Hungary become second non-Chinese issuer of sovereign RMB debt

London Stock Exchange today saw the second RMB denominated government bond of a non-Chinese issuer admitted to trading on its markets. The Hungarian Government mandated the Bank of China to arrange an RMB denominated three year sovereign bond of RMB 1 billion as part of a wider initiative to boost links and commerce between Hungary…

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April 25, 2016 BY Mike Fox

Tickmill hits record monthly trading volume of over $32 billion

Global ECN broker Tickmill, authorised and regulated as a securities dealer by the Financial Services Authority (FSA) of Seychelles is proud to announce it hit a new record in March 2016 as trading volumes rose by 45% from a previous landmark of $22 billion in February to over $32 billion in March. Additionally, a unique Gold…

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April 25, 2016 BY Mike Fox

Saxo Bank introduces 'FX Tiered Margining'

Saxo Bank today announced it will be reducing margin requirements across its FX trading offering of FX Spot, FX Forwards and FX Options. With margin rates starting as low as 1%, you can now trade major FX currency pairs with up to 100:1 leverage, and its new simple FX Tiered Margin structure makes margin requirements clear on every…

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April 25, 2016 BY Mike Fox

Bitstamp granted regulation in EU through Luxembourg, launches BTC/EUR

Bitcoin exchange and trading platform Bitstamp announced today it has been granted a license by the Luxembourg government to be a fully regulated and licensed exchange in the EU. Bitstamp’s license is passportable into the 28 EU member states providing all European customers with a regulated, secure platform for bitcoin trading. Per the company blog, the news…

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April 25, 2016 BY Mike Fox

President of Retail at GAIN Capital Samantha Roady sells 20k shares

A quick note as today we learned from the latest SEC filings Form 4 that Samantha Roady, President of the Retail business at GAIN Capital (NYSE: GCAP) unloaded 20,000 shares at $7.00 a pop. The trade on the date of the transaction, April 20th, cashed out $140,000 in total. As of now, Samantha Roady now owns 220,795…

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