FXCM Group supports ESMA’s proposed 30x Forex and CFD leverage cap LeapRate

December 19, 2017 BY Valentina Kirilova

FXCM Group supports ESMA’s proposed 30x Forex and CFD leverage cap

Retail forex broker FXCM Group has also released a statement in support of yesterday's announcements by the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) relating to additional customer protections. Further, FXCM hopes this leads to harmonized regulations across Europe. FXCM has long been in full compliance with most of the proposed…

December 19, 2017 BY LeapRate Staff

Forex sports sponsorship: Aetos becomes shirt sponsor of Australia A-League club Sydney FC

Continuing our exclusive coverage of the different ways that Retail FX brokers are putting their marketing budgets into sports related sponsorships of all kinds, LeapRate can report that ASIC and FCA licensed Aetos Capital Group has announced a deal which will see it become the main "shirt" sponsor of Sydney FC. Sydney FC are the defending champions…

December 18, 2017 BY LeapRate Staff

Saxo Bank says it welcomes ESMA's proposed 30x Forex and CFD leverage cap

Copenhagen based multi asset broker Saxo Bank has issued a statement coming out strongly in favour of new FX and CFD brokerage rules proposed by pan-European financial regulator ESMA. At the center of ESMA's proposals - which include a Binary Options ban, required negative balance protection, and a ban on incentive bonus payments to retail…

December 18, 2017 BY LeapRate Staff

Forex Sports Sponsorship: Russian FX broker TeleTrade backs Premier League club Burnley FC

Russia based online broker TeleTrade and Premier League club Burnley FC have announce their partnership, whereby TeleTrade will be designated as the Official Forex Trading Sponsor of Burnley FC. Burnley FC is one of the major success stories of late in English football. The small-market team - Burnley is a town of about 75,000…

December 18, 2017 BY Valentina Kirilova

ANZ completes sale of 20% stake in Shanghai Rural Commercial Bank

ANZ to buy-back $1.5bn shares as part of capital management plan ANZ Bank New Zealand today announced it has completed the sale of its 20% stake in Shanghai Rural Commercial Bank (SRCB), originally announced in January 2017. As part of the Group’s broader capital management plan, ANZ now intends to buy-back up to $1.5 billion…

December 18, 2017 BY LeapRate Staff

Shares of Hong Kong FX broker KVB Kunlun tumble 18% after move to HKEX Main Board

Management of Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:6877) probably had other ideas when they decided to move the company's share listing from the HKEX's Growth Enterprise Market (or GEM), Hong Kong's version of the LSE's AIM market, to the HKEX Main Board. KVB Kunlun saw its shares tumble by 18%…

December 18, 2017 BY LeapRate Staff

GAIN Capital warns of 'unintended consequences' from ESMA's proposed 30x CFD leverage cap

New York based FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the UK-centric City Index as well as the global FOREX.com brands, has issued a statement in response to European regulator ESMA's plans to limit leverage on FX and CFD trading to 30x. Similar to the reaction of its London-based competitor IG Group…

December 18, 2017 BY Valentina Kirilova

Alrosa to use e-voting services provided by NSD and VTB Registrar

National Settlement Depository (NSD) and VTB Registrar announced that they will provide Alrosa, Russia’s diamond mining company, with e-voting services at its General Meeting of Shareholders. From 19 December 2017 to 11 January 2018, Alrosa shareholders will be able to use NSD’s e-voting systems and VTB Registrar’s Meeting Portal service. The synergy of the companies’…

ESMA Chairman targets asset managers for adequacy of liquidity concerns

December 18, 2017 BY Valentina Kirilova

ADX hosts liquidity provider agreement between Invest Bank & Al Ramz Capital

Abu Dhabi Securities Exchange (ADX) announced that it has hosted the ceremony for the liquidity provision agreement between Invest Bank, a bank listed on ADX and Al Ramz Capital, a subsidiary of Al-Ramz Corporation Investments and Developments PJSC, which has been appointed as a Liquidity Provider for Invest Bank’s shares after obtaining the necessary approvals…

December 18, 2017 BY LeapRate Staff

UK online broker shares hammered by ESMA leverage proposals: IG -11%, Plus500 -13%; CMC -10%

Shares of the leading FCA regulated UK online brokers traded down sharply on Monday morning, following proposals made late Friday by pan-European financial regulator ESMA to enact fairly severe restrictions on leveraged FX and CFD trading. While ESMA made a number of proposals which it will put to public consultation in January - a Binary…

Category: Forex