In a wild week of Forex Industry News including regulatory action, legal battles, acquisitions, new licenses, FX broker results…
Which country’s legislature passed a new comprehensive anti-Binary Options law?
Which leading Australian broker expanded to the UK, buying an FCA regulated Retail FX brand?
Which FX platform and tech solutions provider is at the center of a war of words, and possible legal battle, between current and former management?
Which three Asia-focused brokerages got on the Mirror Trading bandwagon?
Answers to these questions a more appeared first or only at LeapRate this week. Some of our most popular, shared and commented-on posts this week at LeapRate included:
Binary Options ban legislation (finally) passes in Israel. Breaking Forex News… After months of behind-the-scenes lobbying and resulting delays, Israel’s Binary Options bill was passed in the country’s Knesset parliament late Monday, in a (rare) unanimous 53-0 vote. When will the bill actually become law? What was removed from the original version of the law? What does the law mean for Israel’s Binary Options platform providers – SpotOption, TechFinancials, et al?
Exclusive: Vantage FX expands to UK, acquiring FCA regulated broker. LeapRate Exclusive… LeapRate has learned that Vantage Global Prime Pty Ltd, the parent company of leading Australia based Retail FX and CFD broker Vantage FX, is expanding into the UK via the acquisition of FCA regulated Retail FX broker. Which brand did Vantage FX buy? What are its plans for its new UK operation? Get all the details, exclusively now at LeapRate.
Exclusive: TradingScreen responds to allegations of former CEO Philippe Buhannic. LeapRate Exclusive… A war of words, and possible legal battle, is heating up between the former CEO, and current board and management of electronic trading solutions provider TradingScreen. LeapRate has received an exclusive statement from TradingScreen, after former CEO Philippe Buhannic set up a website alleging misappropriation of corporate assets at TradingScreen and calling for a “change in leadership” at the company. Get all the details, exclusively now at LeapRate.
Exclusive: Tradency and m-FINANCE add three Asia FX / Commodities brokers to RoboX and Mirror Trader. LeapRate Exclusive… LeapRate has learned that financial trading technology provider Tradency’s partnership with Hong Kong based FX and bullion platform provider m-FINANCE has continued to bear fruit. The partnership has signed up three additional Asia focused retail brokers to Tradency’s RoboX and Mirror Trader copy and auto trading services. Which brokers are now adding Tradency’s Mirror Trader and RoboX? Get all the details, exclusively at LeapRate.
Exclusive: Alpari back in the EU, receives an EU country regulator license. LeapRate Exclusive… LeapRate has learned that Russia based Retail FX broker Alpari has initiated its return to the EU market, receiving an investment brokerage license from an EU country financial regulator. The move comes nearly three years after the bankruptcy of Alpari group company Alpari UK, which filed for bankruptcy protection following heavy losses taken in the January 2015 spike in the value of the Swiss Franc. In which EU country is Alpari now ‘regulated’? When does the new subsidiary plan to actually start operations and begin taking in clients? Get all the details, exclusively now at LeapRate.
First EMIR derivatives reporting fine handed out – at £34.5 million. For those of you who thought that regulators were not going to take seriously EMIR trade reporting violations – think again. UK regulator The FCA has fined a major financial firm a whopping £34.5 million (USD $46 million), for failing to report exchange traded derivative transactions. Which firm got fined? And are you ready for EMIR reporting requirements?
TechFinancials partners in Blockchain based online diamond exchange CEDEX.com. Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced that it is partnering with a private banking expert to start a new venture called CEDEX.com. CEDEX will operate a Blockchain based online exchange for diamonds, with a long-term vision to turn the traditional diamond industry into a financial tradable asset. Who is TechFinancials’ partner in CEDEX.com? How much money is TechFinancials investing in the project?
ADS Securities goes Hollywood for new TV ad. Abu Dhabi based global international financial services firm ADS Securities has announced that it has launched a new TV ad campaign promoting its OREX trading platform, which will star A-List Hollywood actor Adrien Brody. The ad can be viewed here: