It was a holiday shortened week of Forex Industry News, but not too short for a number of important issues and topics you read about only at LeapRate:
- Which Forex company is the latest recipient of a CySEC CIF license?
- Which leading broker had its best ever volumes month?
- Which European central bank took a large equity position in a leading FCA regulated broker?
- Which Binary Options broker surprised with very strong results out of China?
You read about these stories and more, exclusively at LeapRate.
Some of our most popular, shared and commented-on posts this week at LeapRate included:
Capital.com receives CySEC CIF license, launching mobile trading apps.
LeapRate Exclusive… LeapRate has learned that the latest recipient of a CySEC CIF license is a company called Capital Com SV Investments Ltd, which is set to launch its business using the Capital.com domain. So what is Capital.com? Where did they get that neat (and very valuable) domain name? When will they be launching? We asked these questions and more to Capital.com CEO Kira Bondareva. While she’s holding (most of) her cards close to the vest for now, here is what she had to say, exclusively now at LeapRate.
Norwegian central bank Norges increases position in CMC Markets to 4%. LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has increased its position in UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX) to 4% – worth more than £13 million – making Norges one of CMC’s largest shareholders. So what is a central bank doing taking a position in a publicly traded company such as CMC?
TechFinancials 2016 financials show importance of China to Binary Options brokers. LeapRate Exclusive Analysis… Last week’s release of 2016 financial results by binary options platform and brokerage group TechFinancials Inc (LON:TECH) came and went without too much notice or fanfare. Indeed, the market was not too impressed with what TechFinancials had to say as the company’s shares traded down by 13% right after the results were announced. However, overlooked in the report was the paramount importance of China, both to TechFinancials and to the Binary Options sector generally.
CySEC requires more disclosure from Forex brokers on Customer Complaints. Cyprus financial regulator CySEC has announced new disclosure requirements targeted at CIF licensed Forex and Binary Options brokers regarding customer complaints. In its efforts to clean up the sector and beef up its image, dealing promptly and effectively with customer complaints seems to be one of the regulator’s main focal points. What are the new Customer Complaint disclosure requirements?
CME Europe to shut as EU clients prefer direct US infrastructure access. Derivatives marketplace operator CME Group Inc (NASDAQ:CME) today announced that it intends to close its London-based derivatives exchange and clearing house, CME Europe and CME Clearing Europe, by year-end 2017. Brexit casualty? Something else at play?