CLS Group (CLS), the market infrastructure provider of risk mitigation services to the global FX market today published its operating metrics for February 2017. The average daily volume submitted to CLS was US$1.5 trillion, up 2.7% MoM from US$1.46 trillion in January 2017. CLS also announced that is changing its reporting methodology to align with…
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The Financial Services Agency (FSA) of Japan and the Monetary Authority of Singapore (MAS) announced the establishment of a Co-operation Framework to enhance FinTech linkages between both countries. The Framework enables FSA and MAS to refer FinTech companies in their countries to each other’s markets. It also outlines how the referred companies can initiate discussions…
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Platforms shut down, offices opened and closed, executive hirings, regulator bans, joint ventures, new licenses, results good and bad... this week's Forex Industry News had it all. And once again, you read about the key stories exclusively or first at LeapRate. With that in mind, we wanted to take this opportunity to thank you, our readers.…
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The dollar hit seven-week highs vs the yen today, as investors awaited U.S. jobs data ahead of next week's Federal Reserve meeting, while weak inflation figures pushed the Norwegian crown to four-month lows against a stronger euro, Reuters reported. The single currency rose a third of a percent to a four-day high of $1.0619, having…
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LeapRate Exclusive Interview... It isn't easy to get big companies to implement your software for mission critical uses. And in the online trading business, where bringing in new clients is certainly essential, a broker's affiliate program - and the software running that program - can make the difference between success and failure. We thought then…
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Exness also reported highest ever number of active clients during a calendar month at 42,423.
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Special administrator RSM Restructuring Advisory LLP has filed an update on its work on the bankruptcy of retail forex broker LQD Markets. LQD Markets went belly-up in the wake of the January 2015 Swiss Franc spike - meaning that some former clients are still waiting for their money back, more than two years on. According…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) announced the appointment of a new member to its Competitive Markets Advisory Council (CMAC), Jacob Frenkel, Chairman of the Board of Trustees for the Group of Thirty (G-30), a private, nonprofit, international body comprised of financial industry leaders; as well as Chairman of the Board of Governors of…
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LeapRate Exclusive... LeapRate has learned from filings made in Russia that the Bank of Russia has issued a seventh license to operate a retail forex brokerage operation in the country, to Fix Trade LLC. Fix Trade is a Russian subsidiary of InstaForex, an (otherwise) unlicensed retail forex broker focusing on the CIS countries and the…
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Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has reported its 2016 year-end and Q4 financial results, as well as trading volume metrics for the month of February 2017. And, the results are very mixed. On the one hand, Q4 was a very strong one at Gain Capital and its Forex.com retail FX unit, following…
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