FCA regulated CFD broker Plus500 Ltd (LON:PLUS) informed that it takes note of the contents of a "Dear CEO letter" that the Financial Conduct Authority (FCA) has issued last week as a public announcement following its review of the CFD market. The announcement highlights the FCA's concerns regarding firms who offer and distribute CFDs to retail…
Read more
Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…
Read more
As 2018 trading pulled into full swing with the new year's first complete week of activity, so did Forex Industry News. And, carrying over from last year, all the key stories appeared only at LeapRate including two key executive moves involving some of the world's leading FX brokers. Who's in and who's out after a…
Read more
Another news from FIA Tech today, the company announced the expansion of its Owner & Controller Repository (OCR) service to securely and confidentially store data for firms offering indirect clearing services under MIFID II. The new Indirect Clearing Lockbox capability allows indirect clearers to store their client account data securely to be accessed by their…
Read more
Bulgarian Presidency begins with EIB loan of EUR 100 million under Juncker Plan for agri-pharma business Huvepharma The European Investment Bank (EIB) loan guaranteed by the European Fund for Strategic Investments (EFSI) will create more than 200 jobs in rural areas and strengthen the agriculture sector in Bulgaria. The deal was signed in Sofia in…
Read more
Forex trading platform developer MetaQuotes just announced that it has stopped selling MetaTrader 4 platform licenses to new customers. The MetaTrader 4 trading platform was released more than 12 years ago. Its architecture was designed under the limitations of that time, due to which it is no longer possible to implement new features that meet today's…
Read more
LeapRate Exclusive... LeapRate has learned that institutional FX broker Global Market Index (or 'GMI') has hired former Exness executive John Taylor as COO of its FCA regulated UK operation, Global Market Index Limited. John Taylor served as CFO of Exness for the past three years, and helped spearhead the launch of Exness' UK operation and FCA…
Read more
Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that, after receiving votes from approximately 78.5% of the holders of its 2.25% Convertible Notes due 2018 (the "Current Notes") unanimously approving its proposed, prepackaged plan of reorganization (the "Plan"), Global Brokerage has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy…
Read more
FIA Tech has announced the expansion of its Position Limits Databank service to encompass position limits for commodity derivatives as set by European regulators under MiFID II. The enhanced position limits service went live as planned ahead of the launch of MiFID II on January 3 2018. To date, seven exchange groups have issued MiFID…
Read more
Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced that it will report better-than-expected results for the second half of 2017 (when final results are released in early March). The driver - cryptocurrency trading. Swissquote was the first European online bank to introduce Bitcoin CFDs in mid 2017 as well as trading…
Read more