ULLINK certified with TRADEcho for MiFID II Trade Reporting LeapRate

August 31, 2017 BY Valentina Kirilova

ULLINK certified with TRADEcho for MiFID II Trade Reporting

ULLINK, the global provider of electronic trading and connectivity solutions to the financial community, today announced it has successfully certified its MiFID II Trade Reporting solution with TRADEcho, the Approved Publication Arrangement (APA) of the London Stock Exchange (LSE) that provides comprehensive pre- and post-trade transparency services. ULLINK’s Trade Reporting solution offers a centralised approach…

August 31, 2017 BY Valentina Kirilova

JP Morgan adds FX OTC clearing via LCH ForexClear

Multinational banking and financial services holding company J.P. Morgan (NYSE:JPM) announced that clears its first NDF trades with LCH ForexClear on behalf of non-member clients since the introduction of uncleared margin rules FX is the latest addition to J.P. Morgan’s OTC clearing offering and highlights its commitment to providing clients a comprehensive platform across all…

August 31, 2017 BY Valentina Kirilova

Swissquote partners with EPFL to launch AI sentiment tool for trading around German elections

On 24 September, Germany will elect the lower house of its federal parliament (Bundestag). Prior to the election, financial markets will be particularly volatile, in reaction to winner/loser projections and other surveys of voter opinion. Thanks to a new artificial-intelligence (AI) tool from Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN), investors…

August 31, 2017 BY Valentina Kirilova

Saxo Bank reports strong 1H results with Revenue and Profits rising

Saxo Bank reports higher profits and client assets as digital transformation gathers momentum ahead of 25 year anniversary milestone Copenhagen based multi-asset broker Saxo Bank has reported a net profit of DKK 229 million for the first six months of 2017, an increase of 45% compared to the first half of 2016. Clients’ collateral deposits…

August 31, 2017 BY Valentina Kirilova

AusTex Oil writes down oil and gas assets

ASIC has noted the decision by AusTex Oil Limited (AusTex) to make a US$6.17 million impairment charge against oil and gas assets in its financial report for the half-year ended 30 June 2017. ASIC had raised concerns about the value of oil and gas assets in the AusTex financial report for the half year ended…

August 31, 2017 BY LeapRate Staff

Exclusive: Dukascopy posts 17% decrease in Revenues in 1H-2017, $900K operating loss

LeapRate Exclusive... LeapRate has learned that Switzerland based Retail FX brokerage firm Dukascopy has seen a further decrease in business activity in the first half of 2017, following what was a fairly disappointing year in 2016. In the first six months of 2017, Dukascopy reported Revenues of CHF 14.3 million (USD $15 million) - 6%…

August 30, 2017 BY LeapRate Staff

Exclusive: US court issues $22.9 million fraud judgement against IKON Global Markets

LeapRate Exclusive... LeapRate has learned from court documents that about two weeks ago a US judge in Illinois entered a $22.9 judgement in favor of several plaintiffs which had sued Retail Forex broker IKON Global Markets for fraud, as well as its former principals Diwakar Jagganath, Ioannis Litinas and George Daskaleas. IKON Global Markets was…

August 30, 2017 BY LeapRate Staff

Belize IFSC issues warnings regarding FX brokers Binary/Forex trade and GNTFX

Belize financial regulator IFSC has issued a number of Warning Notices regarding several Retail Forex and Binary Options brokers. The IFSC noted that an entity calling itself ‘Binary/Forex Trade’ affiliated with ‘James Emiliev’ with address, Front Street, Spring City, Nashville Tennessee is falsely and fraudulently representing to hold an Expert Advisor / Consultancy / Advisory Services for…

August 30, 2017 BY LeapRate Staff

IG, Plus500 and Pepperstone noted in 2017 Australia CFD market report

Research outfit Investment Trends has issued its 2017 CFD Report for its home market of Australia, noting some changes in market share among the leading brokers serving Australian retail traders. According to the Investment Trends report, UK online trading leader IG Group Holdings plc (LON:IGG) remains the dominant leader down under as well, with 35% of…

August 29, 2017 BY LeapRate Staff

Offshore Retail FX broker NetoTrade gets warning from Swiss regulator FINMA

Swiss financial regulator FINMA has issued a statement adding unlicensed offshore Retail FX broker NetoTrade to its public Warning List. This follows a similar warning against NetoTrade made earlier this summer by Spanish regulator CNMV. FINMA didn't list any details or reasons for placing NetoTrade on its warning list. Typically, FINMA takes such action if it…

Category: Forex