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.
CySEC
October 25, 2021 BY Steffy Bogdanova

CySEC extends further license suspension of Depaho, operator of FXGM

However, the company is allowed to complete its own transactions or clients’ which occurred before the suspension, following client instructions. Depaho is also allowed to return funds and financial instruments, attributable to its clients. When CySEC initially suspended its licence,the regulator set a two-week deadline for Depaho to take actions to comply with the legal…

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CME Group
October 22, 2021 BY Steffy Bogdanova

CME Group registers record SOFR futures volume

SOFR futures open interest has continued on a growth path as well. On 19 October 2021, it reached record 1,166,016, which up 170% and increased 16% in one month, having surpassed one million contracts of open interest on 15 September 2021. Agha Mirza, CME Group Global Head of Rates and OTC Products, said: As the…

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Interactive Brokers
October 22, 2021 BY Steffy Bogdanova

Interactive Brokers adds Request for Payment service from J.P. Morgan

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, said: Interactive Brokers has its roots in technological innovation and Request for Payment is yet another example of how we offer clients advanced technology solutions to make it simple to fund and manage accounts. Both new retail investors and our active trader client base…

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LSEG, London Stock Exchange
October 22, 2021 BY Steffy Bogdanova

LSEG reports 7.1% rise in revenue in Q3 2021

LSEG also reported an increase demand for data analytics and post-trade services. Data & Analytics revenue grew 6% and post trade revenue jumped 11.5%. The post trade income reached 218 million for the third quarter, 2.3% higher than the same period the previous year. David Schwimmer, CEO said: The Group has delivered a strong Q3…

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Whistleblower receives $9 million award from CFTC
October 22, 2021 BY Steffy Bogdanova

Whistleblower receives a $200 million award from CFTC

The CFTC explained that in order to qualify for the award, a whistleblower who provided significant information to an investigation, must demonstrate a connection between their contribution and the regulator’s ability to successfully complete its investigation, and to either obtain a settlement or prevail in a litigated proceeding. The CFTC has determined that this whistleblower…

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SEC
October 21, 2021 BY Steffy Bogdanova

Credit Suisse ordered to pay $475 million in charges related to Mozambican bond offerings

The SEC highlighted that this stems from Credit Suisse's deficient internal accounting controls. The failed to properly address significant and known risks concerning bribery. Gurbir S. Grewal, Director of the SEC’s Division of Enforcement said: When it comes to cross-border securities law violations, the SEC will continue to work collaboratively with overseas law enforcement and…

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October 21, 2021 BY Steffy Bogdanova

BaFin investigates trading platform coinstrades.com

Under the German Banking Act (Kreditwesengesetz – KWG), companies conducting banking business or provide financial services in Germany are required to have an authorisation. BaFin stated: BaFin, the German Federal Criminal Police Office (Bundeskriminalamt – BKA) and the German state criminal police offices (Landeskriminalämter) recommend that anyone seeking to invest money online should exercise the…

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CFTC
October 21, 2021 BY Steffy Bogdanova

CFTC brings charges in a $3.9 million forex and crypto fraud scheme

According to the CFTC, since September 2020, the defendants solicited through different channels, including Kikit’s website, over $3.9 million from 61 clients. The clients gave their money to the defendants to manage them in customized client portfolios for forex and crypto trading. The regulator stated that the defendants did not trade with their clients funds…

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Cboe Global Markets
October 21, 2021 BY Steffy Bogdanova

Cboe enters the digital asset space with the acquisition of ErisX

Ed Tilly, Chairman, President and CEO of Cboe Global Markets, said: We believe our acquisition of ErisX, coupled with broad industry participation and support, will help us bring the regulatory framework, transparency, infrastructure and data solutions of traditional markets to the digital asset space. ErisX has shown an unwavering commitment to improving spot and derivatives…

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