Category: Financial Services

ICO fraud
March 05, 2018 BY LeapRate Staff

$50 million securities fraud charges lead to insolvency for UK broker Beaufort Securities

UK FCA financial regulator the FCA has announced that following an urgent application by it, the High Court has appointed Russell Downs, Douglas Nigel Rackham and Dan Yoram Schwarzmann of PricewaterhouseCoopers (PwC) as joint administrators of Beaufort Securities Limited, and joint special administrators of Beaufort Asset Clearing Services Limited. The FCA took this action following an assessment…

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nfa office
March 05, 2018 BY LeapRate Staff

Introducing broker Fortune Trading Group and owner Jonathan Schuler banned for pumping commissions

National Futures Association (NFA), the self-regulatory organization for the U.S. derivatives industry, has announced that it has permanently barred Chicago, Illinois guaranteed introducing broker (GIB) Fortune Trading Group, Inc. (FTG) from membership and from acting as a principal of an NFA Member. The NFA also barred FTG's sole principal and an associated person Jonathan Schuler from membership and from…

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ruble trading
March 02, 2018 BY LeapRate Staff

Moscow Exchange reports strong February 2018 volumes, Spot FX up 7%

Following our report earlier today that Moscow Exchange reported record fee and commission income for 2017, the Russian trading exchange operator continued its strong start into 2018, with a healthy volumes report for February. Total trading volume across Moscow Exchange’s markets rose by 4.2% in February 2018 to RUB 66.6 trln. The key growth drivers were…

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cme group fx volumes
March 02, 2018 BY LeapRate Staff

CME Group sees record volumes in February 2018, but FX trading flat

CME Group Inc (NASDAQ:CME), the world's leading and most diverse derivatives marketplace, today announced it reached an all-time high monthly average daily volume (ADV) of 27.3 million contracts during February 2018, up 48 percent from February 2017. This milestone surpasses the prior peak of 20.9 million contracts in November 2016 by 31 percent. CME saw…

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Moscow Exchange MOEX
March 02, 2018 BY LeapRate Staff

Moscow Exchange reports record fee and commission income for 2017

Moscow Exchange (MOEX) today announced its financial results for the year ended 31 December 2017. Higher trading volumes in the Bond Market and Money Market, supported by solid performance of Depository and Settlement Services, helped the Exchange achieve record fee and commission income. KEY FINANCIAL HIGHLIGHTS FOR 2017 Fee and commission (F&C) income up 7.1%…

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Moscow Exchange MOEX
March 01, 2018 BY LeapRate Staff

Broadway Technology to offer FX connectivity to the Moscow Exchange for international investors

Fintech infrastructure solutions provider Broadway Technology and Moscow Exchange have announced that Broadway Technology has begun offering its clients access to Moscow Exchange’s FX Market. Broadway Technology customers can now trade FX instruments on MOEX via Sponsored Market Access (SMA) and receive MOEX Market Data. Broadway’s solutions have been certified by Moscow Exchange, and its MOEX adaptors…

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SIX Repo partners with Entris Banking AG
March 01, 2018 BY LeapRate Staff

Electronic market maker XTX Markets starts trading on SIX Swiss Exchange

Leading Swiss stock exchange SIX Swiss Exchange has announced that XTX Markets Ltd. has started trading on SIX Swiss Exchange. XTX Markets is a leading quantitative-driven electronic market maker partnering with counterparties, exchanges and e-trading venues globally. It is the second new participant joining the exchange in 2018, after Gair Loch. Gregor Braun, Head Member Acquisition…

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Pakistan Mercantile Exchange MT5
February 28, 2018 BY LeapRate Staff

Pakistan Mercantile Exchange (PMEX) switches to MT5 trading platform

Cyprus based trading platform provider MetaQuotes has announced that the Pakistan Mercantile Exchange (PMEX) has decided to offer its MetaTrader 5 (MT5) trading platform to all its market participants. This means that 333 PMEX members will be able to operate their business on MT5, and to offer advanced trading and investment facilities to their clients. The…

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ICO fraud
February 27, 2018 BY LeapRate Staff

MFSA warns against VSB Malta, claiming a fraudulent license

The Malta Financial Services Authority (“MFSA”) has issued a warning, stating that it has become aware of an entity calling itself “VSB Malta” and utilizing the website vsbmalta.com/secure/, which fraudulently claims to be regulated and licensed by the “Malta Financial Services Commission” to provide Banking, General Insurance, Investment and Fund Services Business. The MFSA would…

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