Exclusive: Turkey bans all accounts and trading with foreign Retail FX brokers LeapRate

July 03, 2017 BY LeapRate Staff

Exclusive: Turkey bans all accounts and trading with foreign Retail FX brokers

LeapRate Exclusive... LeapRate has learned that the Turkish government is issuing new regulations, which will make it illegal for Turkish residents to hold accounts or trade leveraged Forex or CFD products with foreign brokers not licensed by the country's Capital Markets Board (CMB). Turkey has been slowly tightening the screws when it comes to leveraged…

NetoTrade GBOCapital offshore forex broker warning

July 03, 2017 BY LeapRate Staff

Spain regulator CNMV warns against unlicensed offshore Retail FX brokers NetoTrade and GBO Capital

The National Securities Market Commission (Comisión Nacional del Mercado de Valores, or CNMV) in Spain has issued warnings against a number of unlicensed brokers and financial institutions targeting traders in the country. Included in the list released today are two unlicensed Retail Forex brokers, NetoTrade (operating from website netotrade.com) and GBO Capital (at gbocapital.com). Both…

July 03, 2017 BY LeapRate Staff

NEX Optimisation launches OTC FX automated Settlement Netting Service

NEX Group PLC (LON:NXG) has announced that its NEX Optimisation unit, which helps clients reduce complexity and optimise resources across the transaction lifecycle, has launched the FX industry’s first fully automated Settlement Netting Service to streamline the bilateral settlement netting process for market participants. The Settlement Netting Service will automate settlement netting of over-the-counter foreign…

July 03, 2017 BY LeapRate Staff

TFX Click 365 Japan Forex Trading Volume rises 8% MoM in June

Data released today by the Tokyo Financial Exchange indicated that forex trading volumes were up slightly during the month of June in Japan. The TFX indicated that the total trading volume of its FX Daily Futures contracts (Click 365) was 2,404,152, up 8.3% versus May but still way down (48.9%) from last year June. Average daily forex…

July 03, 2017 BY LeapRate Staff

Plus500 announces strong Q2, with 2017 results significantly ahead of expectations

FCA regulated Forex and CFD broker Plus500 Ltd (LON:PLUS) has issued a Half Year Trading Update, indicating that its business did very well in the just-completed second quarter of the year. Without giving specific numbers, which will be delivered in early August, Plus500 stated that the business has continued to trade very strongly, with both revenues and…

July 02, 2017 BY LeapRate Staff

Forex Industry Week Review: FCA delays CFD rules, William Hill bolts Israel, binary options broker cuts, and lots more…

This will be a week which many in the FX industry won't soon forget, in part because of what didn't happen. After several months of debate and a few more months of waiting, the FCA decided to delay its implementation of new rules governing the leveraged Forex and CFDs sector until at least early 2018. We…

July 01, 2017 BY LeapRate Staff

GTX sees forex trading volumes down 12% MoM in June 2017 to $270 billion

GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported that June trading volumes in its system decreased from May, on both a total and average daily trading volume basis. GTX saw total trading volumes of $270.1 billion in June, or $12.3 billion ADV, versus $306.5 billion total /…

July 01, 2017 BY LeapRate Staff

Hotspot FX June 2017 forex volumes off marginally at $27.9 billion ADV

Beginning our peek into June 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that June trading volumes decreased slightly by just under 1% MoM from May, clocking in at $27.9 billion average daily volume for the month. Activity did seem to be stronger in the second half of…

July 01, 2017 BY LeapRate Staff

FastMatch June FX trading volumes down 12% MoM to $19.7 billion ADV

Leading off our reports of FX trading volumes for June by leading Retail and Institutional eFX platforms, Forex ECN FastMatch data shows a 12% drop in activity from May volumes. FX trading volumes averaged $19.7 billion daily at FastMatch in June, down from a record $22.5 billion in May. FastMatch's figures portend a fairly slow…

June 30, 2017 BY LeapRate Staff

Goldman Sachs now down to below 3% holding in CMC Markets

LeapRate Exclusive... Further to our exclusive report earlier in the week that longtime CMC Markets Plc (LON:CMCX) shareholder, New York based investment bank Goldman Sachs Group Inc (NYSE:GS), had decided to sell down its stake in CMC Markets, LeapRate has learned that Goldman has indeed continued to sell, now down to below the 3% reporting threshold…

Category: Forex

Exclusive: Turkey bans all accounts and trading with foreign Retail FX brokers

Spain regulator CNMV warns against unlicensed offshore Retail FX brokers NetoTrade and GBO Capital

NEX Optimisation launches OTC FX automated Settlement Netting Service

TFX Click 365 Japan Forex Trading Volume rises 8% MoM in June

Plus500 announces strong Q2, with 2017 results significantly ahead of expectations

Forex Industry Week Review: FCA delays CFD rules, William Hill bolts Israel, binary options broker cuts, and lots more…

GTX sees forex trading volumes down 12% MoM in June 2017 to $270 billion

Hotspot FX June 2017 forex volumes off marginally at $27.9 billion ADV

FastMatch June FX trading volumes down 12% MoM to $19.7 billion ADV

Goldman Sachs now down to below 3% holding in CMC Markets

Euroclear’s Q2 Business Income Strong, But ‘Marked by Volatility’

Citi and Ant International Pilot AI-Enabled Forecasting Solution

Webull to Consolidate Crypto Entities, Reintegrate Webull Pay

Carlyle and Clearstream Partner to Broaden Access to Private Market Funds

Fastmarkets Completes Annual Assurance Review, Reinforces Commitment to IOSCO Compliance