Category: Forex

December 12, 2017 BY Valentina Kirilova

Colt significantly reduces network latency between Tokyo and London

Faster connectivity for financial organisations and enterprises Colt Technology Services today announced it has substantially reduced latency between Tokyo to London financial centres, to less than 159 milliseconds. This network optimisation is part of Colt’s ongoing investment programme in the Colt IQ Network, addressing specific requirements of financial firms and enterprises. The improved latency strongly…

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GLBR Chapter 11 bankruptcy approved
December 12, 2017 BY LeapRate Staff

Global Brokerage gets approval for Chapter 11 restructuring and delisting, shares plunge

Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…

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December 11, 2017 BY Valentina Kirilova

4 new countries in MetaQuotes' Economic Calendar

Forex trading platform developer MetaQuotes just announced that it has expanded the economic calendar geographically by adding the United Kingdom, Canada, Australia and Switzerland on top of the United States, Japan and the European Union. China, Sweden, New Zealand, Mexico and Singapore. When a country is added, all economic indices that have a significant impact…

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CopyCash ICO social fx trading
December 11, 2017 BY LeapRate Staff

Exclusive: Tradency's Lior Nabat and Fullerton's Mario Singh back Blockchain based social trading CopyCash.io

LeapRate Exclusive... LeapRate has learned that a new Asia-focused social trading and investing site called CopyCash (at copycash.io) has launched. The new Blockchain-based project is being backed by some names familiar to those in the Retail FX world, including Lior Nabat, founder and still CEO of Tradency which pioneered the mirror trading concept during the…

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December 11, 2017 BY Valentina Kirilova

Dukascopy launches Private Retail Banking

Swiss Forex brokerage house Dukascopy Bank SA just announced that it has entered the new domain of core banking business – retail banking. The cornerstone of its new business model is a combination of online video identification and banking infrastructure built around a modern messenger and social network. Dukascopy has achieved the technological point, at…

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plus500 singapore
December 11, 2017 BY Valentina Kirilova

Plus500 receives operating license in Singapore

FCA regulated CFD broker Plus500 Ltd (LON:PLUS) just announced that the Monetary Authority of Singapore has granted Plus500SG Pte. Ltd. a Capital Markets Services license for dealing in securities and leveraged foreign exchange trading. The grant of the Capital Markets Services license reflects the scalability of the Company both from a business and a regulatory…

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forex industry news update
December 10, 2017 BY LeapRate Staff

FX Industry Week Review: CySEC forex broker license, Formax Prime launch, FXDD-IronFX merger off, and lots more…

Which FX broker is the latest to get a CySEC CIF license? Which China-backed, FCA-licensed ECN broker launched in London? Why was the FXDD-IronFX merger called off? What major change did Plus500 Ltd (LON:PLUS) make to its Affiliate program? Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our…

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