CFTC fines Russian banking giant VTB $5 million for fictitious FX trades LeapRate

September 20, 2016 BY LeapRate Staff

CFTC fines Russian banking giant VTB $5 million for fictitious FX trades

The U.S. Commodity Futures Trading Commission (CFTC) today issued an order filing and simultaneously settling charges against units of St. Petersburg, Russia based banking giant VTB - JSC VTB Bank (VTB) and VTB Capital PLC - for executing fictitious and noncompetitive block trades in Russian Ruble/U.S. Dollar (RUB/USD) futures contracts, which were cleared through the Chicago…

September 04, 2016 BY LeapRate Staff

Forex Industry Week Review: Playtech exits Binary Options, FXCM-Leucadia deal redone, Russia FX licenses, and lots more…

In a week in which Forex Industry News at LeapRate was dominated by extremely weak August FX volume reports, we were pleased to bring our readers a number of exclusive stories about Playtech PLC (LON:PTEC) and its plans for its binary options unit, the shutdown of brokers SkyFX and Capital Option, the new structure of…

September 02, 2016 BY LeapRate Staff

VTB 24 Forex becomes fourth broker to receive a Bank of Russia forex license

Russian banking giant VTB Group has become the fourth company to receive a license from the Bank of Russia to operate a retail forex brokerage serving Russian traders. The Bank of Russia has announced that it has issued a professional securities market participant license to VTB subsidiary VTB 24 Forex, effective September 1. VTB is the…

Tag: VTB 24 Forex