After setting two consecutive trading volume records in January and February, data from institutional Forex ECN Cboe FX Markets – formerly known as Hotspot FX – indicates that the company saw a marked decline in activity during March. After reporting daily average trading volumes of $44.3 billion in February 2018 and $42.6 billion ADV in January to…
Read moreAfter we reported exclusively in October about the launch of a new cryptocurrency copy trading platform called Covesting.io, LeapRate has learned that Covesting has successfully completed an ICO raising $18 million, and is getting set to launch the beta testing of its platform. Covesting - a fintech startup launched by former Saxo Bank traders -…
Read moreForex Industry News and commentary this past week at LeapRate was clearly dominated by ESMA's (not so surprising) decision to cap Forex and CFD trading leverage at 30x - and that just for Forex major pairs. All other instruments, including cryptocurrencies, will be subject to an even lower leverage maximum. How did leading EU brokers…
Read moreOn 28 March, the International Islamic Financial Market (IIFM) and World Gold Council have led the IIFM-WGC Industry Consultative Meeting on Gold Documentation and Products Standardisation in Istanbul, Turkey. The meeting was hosted by Borsa İstanbul and organized by the Islamic Finance Directorate. The meeting assessed current market practices with respect to identified gold related…
Read moreRadiflow, a provider of industrial cybersecurity solutions for critical infrastructure, has announced that RSA, a global cybersecurity firm delivering Business-Driven Security™ solutions, has joined the company’s technology partner ecosystem. Radiflow’s technology partner ecosystem consists of a growing network of complementary cybersecurity products and technologies that extend the capabilities of the company’s industrial cybersecurity solutions. The…
Read moreBroadridge Financial Solutions, Inc. (NYSE:BR), a global fintech firm, announced that it has completed the acquisition of ActivePath, an Israeli-based digital technology company. ActivePath’s technology enhances the consumer experience associated with consumer statements, bills, and regulatory communications. ActivePath extends Broadridge’s ability to transform and accelerate the pace of digital adoption, further strengthening Broadridge’s Governance and…
Read moreThe European Commodity Clearing (ECC) has announced that it has been given Recognised Clearing House (RCH) status by the Monetary Authority of Singapore (MAS). This will be ECC’s first regulatory license outside of Europe, representing a key milestone for ECC and CLTX, as part of EEX Group, in their shared global growth ambitions. The RCH…
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Following IG Group Holdings plc (LON:IGG) and Plus500 Ltd (LON:PLUS)'s recent reactions, Copenhagen based multi asset broker Saxo Bank has also spoken, 'strongly' welcoming ESMA’s leverage restrictions. The measures include caps on leverage which Saxo Bank considers fair and proportionate. Saxo Bank expects these measures to be positive for clients and result in a more level…
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As we have seen throughout most of the past year from it, FCA regulated online CFD brokerage house CMC Markets Institutional (LON:CMCX) has issued something of a mixed-message Trading Update leading up to the close of its current fiscal year on March 31, 2018. CMC stated that its "strong year to date performance" was been maintained…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated arm of Japan Retail FX giant GMO Internet Inc. (TYO: 9449), has more than tripled its Revenues in its first full year of operation in the UK. Still small by UK and its own standards as business still ramps up,…
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