Abu Dhabi Global Market closes 2nd batch of FinTech RegLab applications LeapRate

August 14, 2017 BY Valentina Kirilova

Abu Dhabi Global Market closes 2nd batch of FinTech RegLab applications

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has successfully closed the application for its second cohort of the ADGM FinTech Regulatory Laboratory (RegLab) programme on 31 July 2017. For its second batch, the ADGM RegLab attracted 22 local and international FinTech startups and innovators, doubling the number of applications as…

Germany's BaFin maintains restrictions on retail trading with financial CFDs

August 14, 2017 BY LeapRate Staff

Germany CFD regulations requiring negative balance protection take effect

A full eight months after first being proposed, new rules governing CFD trading and brokerage take effect this week in Germany. A quick timeline.... German regulator BaFin proposed the new rules for brokers providing off-market leveraged CFD trading on December 8, 2016. That came just two days after BaFin's UK counterpart, The FCA, came out…

North Korea tensions margin requirements

August 14, 2017 BY LeapRate Staff

Saxo Bank doubles FX and Commodities margin requirements on US-North Korea tensions

Copenhagen based multi asset broker Saxo Bank has announced that it is raising margin requirements and reducing leverage on a variety of FX, CFD and Commodity products, as geopolitical tensions in the Asia Pacific region heat up in the wake of increased US-North Korea rhetoric. Margin requirements on major FX pairs involving the USD, EUR…

August 13, 2017 BY LeapRate Staff

FX Industry Week Review: Plus500's $100M quarter, IronFX raises $100M, China broker's UK launch, FXCM's problems, and lots more…

Forex Industry News this past week at LeapRate seemed to revolve around a very large number: $100 million. IronFX announced a $100 million investment. Plus500 Ltd (LON:PLUS) reported its first-ever $100 million Revenue quarter. And there was lots more... Who is Leverate's new CEO? Which China FX broker is set for a large UK/Europe push after…

August 11, 2017 BY Valentina Kirilova

NVIDIA releases record revenue for Q2 2017, up 56% YoY

NVIDIA Corporation (NASDAQ: NVDA) has reported record revenue for the second quarter ended July 30, 2017, of $2.23 billion, up 56% from $1.43 billion a year earlier, and up 15% from $1.94 billion in the previous quarter. Record revenue of $2.23 billion, up 56 percent from a year ago GAAP EPS of $0.92, up 124…

August 11, 2017 BY LeapRate Staff

Fortrade nearly triples its Revenue in 2016 to £15.9 million

Another independent Retail FX and CFD broker seems to have made a dent in the UK online trading market. FCA regulated Fortrade Limited has reported that its Revenues in 2016 nearly tripled to £15.9 million (USD $20.6 million), up from just £5.5 million the previous year. Fortrade reported a profit of £954,000 for the year, versus a loss…

August 11, 2017 BY Valentina Kirilova

LendInvest joins London Stock Exchange’s ORB

Property investment platform LendInvest has launched first retail bond on the Order Book for Retail Bonds. LendInvest is also the first UK company on ELITE, LSEG’s business support and capital raising programme, to access the debt capital markets to support its growth. ELITE offers the UK’s most exciting and ambitious private companies a full programme…

August 11, 2017 BY LeapRate Staff

Plus500 shares at all-time high following "monster" $110 million Q2

Continuing a year-long climb, shares of CFD broker Plus500 Ltd (LON:PLUS) set an all-time high in Thursday trading on the London Stock Exchange. Plus500 closed up 4.3% to £8.68 per share, its highest ever closing price after setting a mid-day high of £8.80 soon before closing. At its current share price, Plus500 has a market value…

CLS launches same-day FX settlement service, J.P. Morgan and Goldman Sachs to try it first

August 11, 2017 BY Valentina Kirilova

CLS Group July average daily traded volume down 2% MoM

CLS Group, the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for the month of July 2017. The average daily traded volume submitted to CLS was USD1.60 trillion down 2% from USD1.64 trillion in June 2017. July 2016 June 2017 July 2017 Average daily traded…

August 11, 2017 BY LeapRate Staff

Exclusive: Pepperstone UK reopens after suspending FX trading in February

LeapRate Exclusive... After we exclusively reported back in February that leading Australia based retail forex and CFDs broker Pepperstone suspended all activity in its FCA-regulated UK subsidiary Pepperstone Limited, LeapRate has learned that the company has finalized its management and operational changes and is now once again open for business. We expect the company to…

Category: Forex