GAIN Capital on ESMA CFD leverage restrictions: less than 5% of Revenue at risk LeapRate

March 27, 2018 BY LeapRate Staff

GAIN Capital on ESMA CFD leverage restrictions: less than 5% of Revenue at risk

Retail and Institutional FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has issued a formal statement following this morning's news that pan-European financial regulator ESMA is following through on plans to ban Binary Options and (more importantly) cap leverage in Forex and CFD trading to 30x. GAIN Capital operates the retail Forex.com and City Index brands,…

March 27, 2018 BY LeapRate Staff

FXCM signs up for FastMatch FX Tape real-time trade data streaming service

Retail FX broker FXCM Group has announced that it has joined the FastMatch FX Tape. Launched by FastMatch, a Euronext NV (EPA:ENX) company, the FX Tape is a centralized streaming service that provides real-time last trade data to all subscribing market participants. The underlying trade data is comprised of a diverse group of participating segments…

XEM token just listed on Gibraltar Blockchain Exchange

March 27, 2018 BY Valentina Kirilova

Traceto.io becomes first approved token on Gibraltar Blockchain Exchange GBX

The Gibraltar Blockchain Exchange (GBX) has just announced the first approved token that will launch on the GBX grid, Traceto.io’s utility token, Traceto Token (T2T). The GBX Grid, due for release in April, provides companies with access to a registered list of whitelisted and KYC-verified potential participants. The listing process is what sets the GBX…

March 27, 2018 BY Valentina Kirilova

FCA warns against Credit Extra Cash clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Credit Extra Cash. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics…

big xyt Liquidity Cockpit delivers insight on systematic internalisers

March 27, 2018 BY Valentina Kirilova

big xyt delivers enhanced transparency on SI volumes under MiFID II

big xyt, the independent provider of high-volume, smart data and analytics capabilities, has announced the addition of enhanced functionality on its Liquidity Cockpit dashboard, providing greater transparency on over-the-counter (OTC) equities activity, including Systematic Internaliser (SI) transactions. The latest functionality, called ‘Liquidity Type’, has been developed in response to a strong desire among practitioners for…

Autochartist's market analysis tool now fully operational within TraderEvolution

March 27, 2018 BY Valentina Kirilova

Autochartist acquires Barry Ubsdell's forex news trading service Delkos Research

Retail FX trading tools provider Autochartist has announced that it has concluded the acquisition of a controlling stake in Delkos Research - a company providing forecasts and content for Futures and Forex brokers based around macro-economic news events. This is the second acquisition that Autochartist has concluded in 2018. Delkos’s News Events Trading Services (NETS) allows…

March 27, 2018 BY Valentina Kirilova

Hong Kong regulators to enhance the OTC derivatives regulatory regime

The Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) have issued a joint consultation on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong, including a proposal to mandate the use of the Legal Entity Identifier (LEI) for the reporting obligation. To align with global standards, all entities…

March 27, 2018 BY Valentina Kirilova

CMC Markets to distribute multi-asset liquidity via oneZero hub

FCA regulated online CFD brokerage house CMC Markets Institutional (LON:CMCX) has today announced a partnership with oneZero Financial Systems. The collaboration enables CMC Markets to disseminate its high-quality, multi-asset liquidity feed to a wider range of accredited counterparties, using a seamless automated solution for market connectivity and price distribution. More than 150 banks, brokerages and…

March 27, 2018 BY Valentina Kirilova

Shield FC launches new version of eComms data management platform

Shield Financial Compliance (Shield FC), a specialist RegTech provider, has today unveiled its next generation data management platform for capturing, archiving, analysing and investigating electronic communication (eComms) to meet the growing record-keeping, data governance and best execution requirements of financial firms. MiFID II, GDPR, MAR, Dodd Frank and FINRA require financial institutions to capture, protect…

March 27, 2018 BY Valentina Kirilova

IG Group 'disappointed' by ESMA's leverage restrictions, expects lower FY2019 earnings

UK online trading leader IG Group Holdings plc (LON:IGG) has just noted that the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) have issued statements announcing measures on their work in relation to the provision of contracts for difference (CFDs) and binary options to retail clients. IG informed that it is…