Financial technology provider Spotware Systems announced upcoming support for a new AMF Compliant Account type. This will be made available following the release of their next version of cServer. cTrader is the first White Label trading platform to announce support for French clients in conjunction with the recent statement so far only issued in French…
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After the fairly steep decline in trading volumes released in February report, Global Brokerage Inc (NASDAQ:GLBR), recently renamed from FXCM Inc, today announced its fourth quarter results ended December 31, 2016. Fourth quarter 2016 Highlights & Updates: U.S. GAAP net revenues from continuing operations of $80.6 million U.S. GAAP net income attributable to Global Brokerage, Inc. from…
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Following on our exclusive coverage of the 2016 results (12 months to September 30, 2016) of institutional FX brokerage ACM Group plc, more commonly known in the industry as just Alpha, we have been provided the company's results for the first quarter of fiscal 2017 indicating that Alpha's 2016 restructuring and strategy of focusing on…
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Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com, reported a 77.7 million PLN consolidated net profit in 2016 (to 119.0 million PLN year earlier). XTB net profit in the fourth quarter rose turn YoY by 206% to 50.4 million PLN. The fourth quarter was the very best for the Group throughout…
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Some of our most popular, shared and commented-on posts this week in Forex Industry News at LeapRate included: CySEC gets tougher on bonus schemes, banning referral payments, trading competitions, and cash rebates. Cyprus financial regulator CySEC has issued an information circular, providing what it calls “additional guidance” to CIF licensed brokers on the types of bonus…
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Cyprus financial regulator ended the week by issuing a temporary suspension of the CIF license of forex and binary options brokerage group Boursotrade Ltd. Boursotrade operates several brands including BourseBinary (binary options) and BoursePro (retail forex). CySEC's stated reasons for the suspension included non-compliance with: Persons who effectively direct the business of a CIF, and Capital…
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The Cyprus Securities and Exchange Commission (CySEC) just announced that the authorisation of the Cyprus Investment Firm Boursotrade Ltd, number 235/14, is suspended, as there are suspicions of an alleged violation of: section 28(1) of the Law, due to the Company’s possible non compliance at all times with the authorization and operating conditions down in…
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The Mercado Alternativo de Renta Fija (MARF) today registered a new bond tranche issued by Masmovil Broadband with a 5.75% annual coupon and maturity in 2024. The amount of this new issue, which adds to the €30 million placed in July 2016, is €38 million and was placed at a 5.1% yield. Intermoney Valores has…
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The Financial Stability Board (FSB) today published a letter from Mark Carney, Chair of the FSB, sent to G20 Finance Ministers and Central Bank Governors ahead of their meeting in Baden-Baden from 17-18 March. In his letter, the FSB Chair highlights the good progress made in implementing the post-crisis reforms, as a result of which…
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Copenhagen based multi asset brokerage Saxo Bank has issued its financial results for 2016, indicating a return to profitability and healthy overall growth in the business. Comparing Saxo Bank's results to 2015 should be taken with a grain of salt, however. The firm's 2015 results were hurt on both the top and bottom lines quite…
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