June 07, 2016 BY LeapRate Staff

CFTC issues charges in $2.7 million Bait-and-Switch precious metals and rare diamonds fraud

The U.S. Commodity Futures Trading Commission (CFTC) today announced that on May 31, 2016, it filed a civil enforcement action in the U.S. District Court for the Southern District of Florida charging defendants Jeffrey Slemmer of Acton, Massachusetts, Christian Dorrian of Boynton Beach, Florida, and Adam Roth of Boca Raton, Florida, and their respective Florida…

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June 07, 2016 BY LeapRate Staff

ADS Securities expands to full-service brokerage in Hong Kong with SFC Type 1 & 2 licenses

ADS Securities, the Abu Dhabi-based international financial services firm, has announced that it had successfully secured its Type 1 and Type 2 regulatory licenses from the Hong Kong Securities and Futures Commission (SFC). With the addition of these licenses permitting the company to deal in both securities and futures contracts, ADS Securities Hong Kong Limited will…

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June 07, 2016 BY LeapRate Staff

Saxo Bank FX volumes off marginally in May to $255 billion

Considering the fairly down figures we've witnessed so far for both retail and institutional FX platforms in May, Copenhagen-based Saxo Bank's figure of $255 billion for the month seems fairly strong. On an ADV basis, volumes were down 3.2% from $12.4 billion per day in April at Saxo Bank to $11.6 billion in May. The…

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June 07, 2016 BY Mike Fox

6 new trader analytics measurements released on FX Junction

FX Junction, the largest open social network for Forex traders announced it has released several new trader analytics indicators. FX Junction now offers six new analytics to measure trader’s performance. Effective immediately, FX Junction members with a linked MT4 account can analyze their own performance as well as other trader’s performance with the following new powerful indicators: Relative Drawdown, Maximum Drawdown, Sharpe…

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June 07, 2016 BY Mike Fox

TradingScreen partners with Quantitative Brokers for best execution algos

TradingScreen Inc., the leading independent provider of liquidity, trading and investment technology via SaaS, and Quantitative Brokers (QB), a leading provider of clearer and dealer-neutral agency algorithms for fixed income and futures markets, have partnered to provide QB’s best execution algorithms through the TradingScreen electronic trading platform. This suite includes the Bolt and Strobe algorithms…

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June 06, 2016 BY Mike Fox

Thomson Reuters Spot FX volumes dip 3% in May to $94 billion

Thomson Reuters Corp (NYSE:TRI) has published their Forex volume metrics for May 2016, with spot FX volumes continuing to slide after a hot start to the year, where China and oil risk led trading volumes higher. Spot FX volumes averaged $94 billion a day in May 2016, down 3% from the result of $97 billion reported in April 2016. The…

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