Mike Fox
LeapRate Analyst
January 28, 2016 BY Mike Fox

trueEX completes first electronic Mexican peso swap trades for institutional investors

trueEX, the first exchange approved by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) for swaps has created another industry innovation with the execution of the first dealer to client Mexican peso (MXN) interest rate swaps trades on its award-winning platform. Societe Generale Corporate and Investment Bank (SGCIB), and undisclosed institutional investors…

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January 27, 2016 BY Mike Fox

CFTC signs MoU with Germany's BaFin and Deutsche Bundesbank to enhance supervision of cross-border clearing organizations

Through the MoU, the CFTC and the BaFin and Bundesbank express their willingness to cooperate in the interest of fulfilling their respective regulatory mandates with respect to cross-border clearing organizations. The U.S. Commodity Futures Trading Commission (CFTC) announced today that CFTC Chairman Timothy Massad signed a Memorandum of Understanding (MOU) with the Bundesanstalt für Finanzdienstleistungsaufsicht…

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January 27, 2016 BY Mike Fox

ThinkLiquidity integrates with CME Group for transaction reporting

ThinkLiquidity today announced it has become a registered service provider with CME Group (NASDAQ: CME) to offer transaction reporting for brokers licensed under the Australian Securities Investments Commission (ASIC) to the CME Group ASIC licensed Australian Trade Repository (ATR). ASIC Derivative Transaction Rules apply to all reporting entities if they are in scope, which includes licensed brokers.…

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January 27, 2016 BY Mike Fox

Mubasher Financial Services launches new trading platform MTrade-Plus

Mubasher Financial Services (MFS), one of the Middle East's leading brokerage service providers for professional investors announced today the launch of the new trading platform, MTrade-Plus. A new addition to Mubasher Financial Services product offerings, MTrade-Plus provides a solid and efficient platform aimed to support retail and institutional investors. MTrade-Plus is a touch-optimized, multi-functional platform that applies creative…

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January 27, 2016 BY Mike Fox

Online currency specialist HiFX launches in North America

U.K.-based HiFX, the fast-growing provider of online international payments and foreign exchange services, and a subsidiary of Euronet Worldwide, Inc. (Nasdaq:EEFT), announces its entry into North America. HiFX will bring its global payments expertise, innovative financial technology and highly tailored customer service to the billion-dollar U.S. and Canadian currency exchange market. Headquartered in Buena Park, California,…

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January 27, 2016 BY Mike Fox

FXCM amends stockholder rights plan

FXCM Inc. (NYSE:FXCM), today announced that its board of directors has voted to extend and amend the terms of the company's stockholder rights plan. The rights have been amended in order to protect the interests of the company and its stockholders by helping preserve the value of the company's net operating loss carryforwards and tax credits.…

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January 25, 2016 BY Mike Fox

Palm Beach man sentenced to prison following forex trading investment scams

Last Thursday it was decided that a Palm Beach County, Florida man was sentenced to 27 months in federal prison, following his wire fraud and criminal contempt convictions. David Lee Ortiz, 39, of Palm Beach County, was sentenced by United States District Judge Robin L. Rosenberg in Fort Pierce, following his prior plea of guilty to telemarketing…

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January 21, 2016 BY Mike Fox

ICM Capital adds prepaid MasterCard to account management options

Today ICM Capital Limited launched the ICM Capital Prepaid MasterCard Card for its Forex, Commodity and CFD traders. ICM Capital is one of few FCA regulated brokers to issue the Card in EUR, USD, or GBP, making secure withdrawals for people who want the confidence of a UK regulated broker, even easier. “We have recently…

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