June 10, 2016 BY LeapRate Staff

AxiTrader Chairman Goran Drapac on new CEO Rajesh Yohannan - who he's replacing, Goran's own new role...

Leading Australia-based retail forex broker AxiTrader quietly let it slip out that it has hired a new CEO, former OANDA Head of APAC Rajesh Yohannan (pictured at left). Yohannan will actually act as CEO of AxiTrader's parent company AxiCorp Financial Services Pty Ltd, which incorporates both its retail and institutional trading arms that operate mainly under the…

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June 09, 2016 BY LeapRate Staff

SEC pays second largest Whistleblower award to date at $17 million

The U.S. Securities and Exchange Commission today announced a whistleblower award of more than $17 million to a former company employee whose detailed tip substantially advanced the agency’s investigation and ultimate enforcement action. The award is the second-largest issued by the SEC since its whistleblower program began nearly five years ago. The SEC issued a…

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June 09, 2016 BY Mike Fox

FXCM reports May retail trading volumes 2% lower MoM at $280 billion

FXCM Inc. (NYSE:FXCM) today announced key forex trading metrics for May 2016 for its retail and institutional business. May 2016 Customer Trading Metrics: Retail Customer Trading Metrics Retail customer trading volume of $280 billion in May 2016, 2% lower than April 2016 and 15% lower than May 2015. Average retail customer trading volume per day of $12.7 billion…

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June 09, 2016 BY Mike Fox

Admiral Markets hikes margin requirements 5x for trading around Brexit vote

Today globally regulated brokerage firm Admiral Markets announced they will issue temporary changes in its trading terms regarding GBP currency pairs and FTSE100 instruments, lasting from the session opening Monday, 20 June until 12:00 pm EET, 27 June. Margin requirements for all currency pairs with the pound sterling (GBP) and FTSE100 index CFD will increase by five times…

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June 09, 2016 BY Mike Fox

Australia issues warning regarding binary option brands

The Australian  Securities & Investments Commission (ASIC) today warned the public about the conduct of the following binary option websites. It is best to avoid doing any business with these websites if contacted as they are not properly regulated and especially to Australia they are not licensed to provide any service whatsoever to customers down…

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