Category: Forex

forex industry news update
October 07, 2018 BY LeapRate Staff

FX Industry Week Review: Forex broker gives up CySEC license, LCG and ETX results, and lots more

Which Retail FX broker was the latest to renounce its CySEC CIF license, and leave Cyprus? Were ETX Capital and LCG able to rebound from losses in their most recently reported fiscal periods? Who became the latest significant institutional investor in Markets.com parent Playtech? Which FX industry executives changed places this week? (There were several!).…

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Hong Kong SFC
October 05, 2018 BY Valentina Kirilova

Hong Kong SFC appoints new Non-Executive Directors

The Hong Kong Securities and Futures Commission (SFC) has welcomed the appointment by the Financial Secretary of Ms Agnes Chan Sui-kuen and the re-appointment of Mr Edward Cheng Wai-sun as Non-Executive Directors for a term of two years. The term of Ms Chan will begin on 20 October 2018 and Mr Cheng’s term will start…

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Stock Exchange of Thailand SET
October 05, 2018 BY Valentina Kirilova

SET appoints new SEVP in charge of Corporate Strategy

The Stock Exchange of Thailand (SET) has appointed Soraphol Tulayasathien as Senior Executive Vice President (SEVP), Head of Corporate Strategy Division to oversee strategy, international relations, and research, effective from November 1, 2018. SET President Pakorn Peetathawatchai said that SET's board of governors has recently appointed Soraphol Tulayasathien as SEVP. With strong expertise in finance,…

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saxo bank fx volumes
October 05, 2018 BY LeapRate Staff

Saxo Bank September 2018 FX trading volumes hit multi-year lows

It looks like Saxo Bank's new ownership group has its work cut out. Continuing a very disturbing trend, trading volumes at Copenhagen based Retail FX broker Saxo Bank declined for the fourth consecutive month in September 2018, dropping to their lowest level since 2015. Saxo's all-important FX trading volumes - which account for more than…

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KB TECH's Trading Portal goes live with NOREXECO Exchange
October 05, 2018 BY Valentina Kirilova

KB TECH's Trading Portal goes live with NOREXECO Exchange

KB TECH, a UK based software development company providing data management products to the trading, pension and financial markets, has announced that its trading platform, KB Trading Portal™ will go live at the NOREXECO Exchange on 1st October 2018. NOREXECO (NXE) is a regulated commodity exchange (MIC:NEXO) offering trading in cash settled financial futures, specializing…

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china
October 05, 2018 BY Valentina Kirilova

Ayondo expands China forex white label business with Huanying partnership

Global financial technology and social trading group ayondo Ltd and Huanying International Limited (“Huanying”) have informed that they are establishing a collaboration through a white label agreement to grow trading opportunities for Huanying’s clients in Asia, and in particular, China (the “Collaboration”). It is envisaged that under the Collaboration, ayondo and Huanying will partner to…

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Advanced Markets Ltd signs up to FX Global Code of Conduct
October 05, 2018 BY Valentina Kirilova

Advanced Markets Ltd signs up to FX Global Code of Conduct

Advanced Markets Ltd, Australian Financial Services Licensee providing Institutional Liquidity as well as Prime of Prime services, has just announced that it has officially signed a statement of commitment to the FX Global Code of Conduct (the Global Code). Other companies recently signed up to the Code of Conduct include UK online trading leader IG Group Holdings plc…

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Thomson Reuters (NYSE:TRI)
October 04, 2018 BY Valentina Kirilova

Thomson Reuters announces early tender results for Debt Tender Offer

Information giant Thomson Reuters (NYSE: TRI) has announced early tender results for its previously announced cash tender offer (the "Tender Offer") to purchase up to an aggregate principal amount of US$650 million (the “Maximum Amount”) of debt securities listed in the table below (collectively, the "Notes"). As more than the Maximum Amount of Notes was…

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