Steffy Bogdanova
LeapRate Analyst

Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.
CFTC
May 15, 2023 BY Steffy Bogdanova

CFTC imposes a $45 million penalty on HSBC for manipulative and deceptive trading

Additionally, the regulator accused HSBC’s subsidiary of attempting to manipulate on-screen prices, which were partly based on issuer swaps, by engaging in spoofing activities with interdealer brokerages that controlled the screens. Spoofing involves placing orders with the intention of canceling them before execution, constituting fraudulent behavior. According to the CFTC, HSBC traders deliberately traded at…

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May 15, 2023 BY Steffy Bogdanova

Binance exists Canadian market due to strict crypto rules

The Canadian Securities Administrators (CSA) issued a notice categorizing stablecoins as 'securities and/or derivatives’ in December last year. This classification has imposed restrictions on regulated crypto exchanges in Canada, preventing them from providing services involving stablecoins, which constitute a significant portion of the industry. Additionally, Canada, particularly the regulatory authority in Ontario, the regulatory body…

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May 12, 2023 BY Steffy Bogdanova

Four more unauthorized firms have been blocked by Italy's Consob

According to the Italian regulator, three of the companies are illegal financial intermediation websites and one is a website through which an offer of financial products is carried out in the absence of a prospectus. Consob has the authority to block websites offering illegal financial services at an internet service provider level. The regulator stated:…

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Euroclear reports operating income increase of 7% in H1 2021
May 12, 2023 BY Steffy Bogdanova

Euroclear announces expansion in Poland

The new Tech hub was made possible with the establishment of a new legal structure in Krakow, setting up a Euroclear SA branch. Andrzej Mikolajczak will take the rains of the new entity as Euroclear SA branch manager. He will work alongside current Euroclear Bank branch manager, Stephane Bernard. Lieve Mostrey, Euroclear Group CEO commented:…

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Reduced retail sales curbs the pound
May 12, 2023 BY Steffy Bogdanova

Daily Report: GBP/USD eyeing break of $1.25

GBP/USD: Downside Move Unsurprising GBP/USD initially rose following the announcement to increase the Bank Rate, though it failed to find acceptance north of the $1.26 level. Subsequent flow witnessed a one-sided decline unfold to $1.25 during US trading. The recent bout of selling should not have raised too many eyebrows, particularly for those who adopt…

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May 11, 2023 BY Steffy Bogdanova

Binance looks for regulation in the UK

Previously, Binance had a conflict with UK regulators who suggested that the exchange was incapable of being regulated due to its failure to provide necessary information about its business activities. In June 2021, the FCA banned Binance from undertaking any regulated activity in the country. The crypto exchange has faced scrutiny from US regulators this…

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May 11, 2023 BY Steffy Bogdanova

Rob Irvin joins Marex as chief financial officer

Additionally, Irvin is a qualified chartered accountant. He has also spent time in Deloitte’s Transaction Services division, where he focused on both financial and operational due diligence on major capital markets transactions. Ian Lowitt, CEO of Marex, commented: We are thrilled to welcome Rob to Marex during this exciting phase of our development. Successful execution…

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Market Analysis
May 11, 2023 BY Steffy Bogdanova

Daily Report: EUR/USD displaying bullish vibe post-US CPI

Market Reaction; Where Next for the Euro? The immediate aftermath of the US CPI release witnessed the EUR/USD catch a bid and eventually knock some of the wind out of the $1.10 handle: a clear-cut bull trap which likely ensnared breakout buyers and consumed several protective stops from those attempting to fade the psychological level.…

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