Gwazy burst on the forex scene recently with a very fun-focused trading platform, and a first client in Windsor Brokers. LeapRate Meets is a series of interviews with interesting personalities in the forex world. If you would like to suggest an interviewee or topic, or if you would like to be interviewed, please contact us…
Read moreSpotware systems achieves complete tracking of the position from open til closure on its cTrader platform. cTrader is well on its way to become the most transparent non-dealing desk platform on the market with its new feature to provide a full breakdown of positions into orders and deals. Each order gets its unique ID that…
Read moreThe regulatory system allowing financially regulated companies to register cross-border in the EU has UK players worried. An interesting article in today's Financial Times points out that many established UK-based, FCA-regulated brokers are concerned about the growing number of 'passport' brokers from other EU countries setting up shop in London. The article points out that 45…
Read moreGCAP's magical Q2 was (as expected) not replicated in Q3, although margins remained strong. Forex broker Gain Capital (NYSE:GCAP), which operates the retail Forex.com and institutional Gain GTX brands, reported decent Q3 financial results although well below Gain's Q2 blowout record numbers. If you recall, Gain reported its best ever quarter for revenues, EBITDA, and…
Read moreTwo air traffic controllers and a commodity trader set up and execute a nice little forex fraud. The CFTC announced more than two years ago in June 2011 that it is filing charges against Louis J. Giddens, Anthony W. Dutton and Michael Gomez for setting up and executing a forex trading scheme. They have accepted…
Read moreCFTC making exceptions, at least temporarily, for foreign regulated entities seeking SEF status. One of the kinks in the CFTC's implementation of the Dodd Frank Act's requirement for SEF licensing is that the SEF rules (e.g. regarding disclosure, open order book...) contravene the rules of other jurisdictions. To help iron out these 'kinks', the CFTC…
Read moreGlobal financial regulators get another bank on board to help them assess the London foreign exchange fix fairness. Barclays (NYSE:BCS) -- the UK's third biggest bank by market cap -- is the next shoe to drop in financial regulators' efforts to mitigate potential risks of currency rates rigging. In its third quarter interim management statement Barclays…
Read moreFirst four apps developed by Ariel for Tradable include World of FX, Personal Currency Exposure, Order Templater and Trade Notebook. Financial trading software provider Ariel Communications has signed an agreement with Tradable to develop a range of new forex trading apps for the Tradable trading platform. As part of the agreement, Ariel has been appointed…
Read moreInvestor protection improved with centrally cleared CFD launched in partnership with Commerzbank, ING and Citi. Cantor Fitzgerald Europe and LCH.Clearnet have announced today they are launching the first European centrally cleared over the counter CFD trading mechanism. A big step towards a more liquid market and better balancing of risks especially for customers who are…
Read morePartners of consulting firm Shift Forex have been offering M&A advisory services to Forex companies via Berkshire Capital. Continuing the trend of key industry news around IPOs and M&A is a LeapRate exclusive that sheds more light on the recent story around Pepperstone's potential IPO or sale. As we wrote earlier, Pepperstone disclosed to the WSJ their…
Read more