Mike Fox
LeapRate Analyst
February 04, 2016 BY Mike Fox

Florida Forex ponzi schemer involved in soliciting more than $1.4 million ordered to pay over $340k in fines

The U.S. Commodity Futures Trading Commission (CFTC) today announced that a federal court in Fort Lauderdale, Florida, issued a Consent Order against Defendant Robert Tripode of Boynton Beach, Florida, in connection with his fraudulent activities as an employee and agent of Forex Monthly Income Fund (FMIF), a commodity pool based in Miami, Florida. The Order…

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February 04, 2016 BY Mike Fox

CME Group announces new open interest record

CME Group Inc (NASDAQ:CME) the world's leading and most diverse derivatives marketplace, today announced it set a total open interest record of 110.1 million on February 3rd. The new record surpassed the previous open interest record of 108.9 million contracts set on November 13, 2014.  "We are seeing a number of geopolitical and macro-economic events impacting our…

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February 04, 2016 BY Mike Fox

TransferWise now supports renminbi transfers to Chinese UnionPay

TransferWise announced today it now supports Chinese Yuan (CNY) transfers to Chinese UnionPay card accounts. The service starts off with a fee starting from ¥24 ($3.65). China is currently the most expensive major currency corridor, according to the World Bank, with the average cost of sending $200 (£140) from the UK to China standing at…

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February 04, 2016 BY Mike Fox

DGCX starts January off with strong volumes in the wake of forex volatility

January numbers reflect the increasing use of derivatives to hedge forex volatility particularly in emerging market currencies such as the Indian Rupee and South African Rand. Market participants appreciated the cost effective investment mechanism provided by Indian Rupee Options.  Rupee Options volumes grew by 352% in January 2016 vs. January 2015. The Dubai Gold & Commodities…

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February 03, 2016 BY Mike Fox

ESMA to cooperate with South African regulators on CCPs

The Financial Services Board (FSB) of South Africa today announced it established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the European Securities and Markets Authority (ESMA). This MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorized or recognized in South Africa, and which…

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February 03, 2016 BY Mike Fox

Deutsche Börse launches new XDAXDAX index

The index includes full coverage of U.S. trading hours to help minimize overnight risk. Deutsche Börse has added the XDAXDAX index to its DAX index family. The new index will enable customers to use just one index as an underlying for their products that are linked to the performance of DAX before, during or after Xetra…

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February 03, 2016 BY Mike Fox

Moscow Exchange registers more than 95 thousand individual investment accounts

Among Moscow Exchange members, Sberbank (25, 670), Finam (23,755) and BCS (15,133) opened the most IIAs, MOEX data shows. Individuals have a choice of 80 companies when looking to open an IIA. Moscow Exchange (MOEX) today announced that as of February 1st, 2016 Russia's largest investment exchange had registered 95,020 individual investment accounts (IIAs) opened by…

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February 02, 2016 BY Mike Fox

Bosch chooses Deutsche Bank’s ERP solution for RMB payments in China

Deutsche Bank AG (ETR:DBK) today announced that it has implemented an electronic ERP integration solution for Bosch’s foreign currency and RMB cross-border payments in China. Deutsche Bank’s ERP integration solution enables Bosch to streamline its accounts payables processes in China introducing electronic processing of physical documents and the associated regulatory reporting. Headquartered in Germany, Bosch is a…

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