Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today. A one-count indictment,…
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UK online trading leader IG Group Holdings plc (LON:IGG) announced that has signed up to the FX Global Code of Conduct. The Code is a set of global principles of good practice in the foreign exchange market. It was created by the Global Foreign Exchange Committee which is comprised of central banks and private sector…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of June 2017. In Market Making, KCG averaged $28.7 billion dollar volume traded (up 3.6% from May's $27.7 billion), 9.1 billion shares traded, and 3.4 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.8 million U.S.…
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Abu Dhabi based international financial services firm ADS Securities has continued to build its international management team, announcing today that it has hired Jason Hughes as Global Head of Retail Sales, for its FX and CFD brokerage business. Mr. Hughes will be based in Abu Dhabi. Jason Hughes joins ADS Securities from CMC Markets Plc (LON:CMCX), where…
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Following the launch of the comprehensive solution for trading cryptocurrencies, Panda Trading Systems just announced the addition of MetaTrader 5 to its innovative suite of “Brokerage in a Box” solutions. Now would-be brokers can set up a CFD brokerage from scratch in record time, offering an array of instruments such as FX, Shares, Indices, Commodities,…
Read moreNasdaq (Nasdaq:NDAQ) and The Nigerian Stock Exchange (NSE) have officially announced that NSE, the stock exchange of the largest economy in Africa, has launched a new market surveillance platform powered by SMARTS, Nasdaq's flagship surveillance solution. The technology will, amongst other things, enable NSE to proactively monitor market manipulation (including spoofing and layering), detect and…
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Hardly a week of Forex Industry News goes by without word of significant regulator action in one place or another. Two weeks ago it was the FCA delaying its proposed CFD trading rules. Last week it was our exclusive report on Turkey banning foreign FX brokerage accounts. And this week did not disappoint as well,…
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LeapRate Exclusive... LeapRate has learned that FCA regulated retail FX and CFDs broker GKFX has added Rod Martenstyn as its new CFO. Rod Martenstyn joins GKFX from Finsa Europe Ltd, the parent company of spread betting and CFD trading brokerage Core Spreads, where he held a similar role. Mr. Martenstyn has also resigned from the board of…
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Malaysia, widely acknowledged as being in the forefront of Islamic finance, announced that is taking the lead in promoting the sustainable and responsible investing (SRI) proposition based on its shared values with Islamic finance. As part of initiatives to generate greater awareness on responsible investing, Securities Commission Malaysia (SC) and Bursa Malaysia co-hosted the Responsible…
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FCA regulated retail forex and CFD broker INFINOX Capital Limited has announced that it has further raised the threshold of its clients’ insurance above the £50,000 compensation per customer provided by the Financial Services Compensation Scheme (FSCS), which is the fund of last resort for customers of UK authorised firms provided in case of a firm’s…
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