May 25, 2016 BY LeapRate Staff

FCA issues warning re unauthorized TRD Brokers and TRD Futures Group

UK financial regulator the FCA has issued a warning regarding retail forex, CFDs and futures brokers TRD Brokers Limited at trdbrokers.net, and TRD Futures Group at trdfutures.com. The website of TRD Futures claims that the company is indeed FCA regulated (see below), giving FCA registration number 493131. That number does exist in the FCA's registry,…

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May 25, 2016 BY Mike Fox

Digital KYC firm iSignthis starts pilot agreement with iFOREX

Australia based iSignthis Ltd (ASX : ISX) announced today that it has entered into a pilot agreement with online broker, iFOREX.  iSignthis will integrate with iFOREX to pilot and optimize the ISX Digital KYC service. A successfully optimized pilot aims to provide iFOREX with a user friendly onboarding system. Per the announcement, the program will start with iFOREX German clients…

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May 25, 2016 BY Mike Fox

Marex Spectron posts record $22.7m operating profit for 2015

Marex Spectron, the London based globally regulated commodities broker, has posted a record Operating Profit of $23 million for the year ended 31 December 2015, up from $15 million in 2014. EBITDA increased to $31 million from $25 million in 2014. Gross revenues were $348 million, compared with $368 million in 2014.  However, costs were…

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May 25, 2016 BY Mike Fox

Former LCG execs lead rebranding at AFX

CySEC and FCA-UK regulated financial investment firm, AFX Capital announced today that it has renamed as AFX Group. The company says the move is the first step in their long term plan to create a scalable business structure under the AFX Group corporate umbrella in order to support further growth on a global scale. As…

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May 24, 2016 BY Mike Fox

Coinbase rebrands its Bitcoin trading platform from Coinbase Exchange to GDAX

U.S. headquartered Bitcoin exchange and provider Coinbase announced today that as the company begins to offer additional digital currencies, they will operate Coinbase Exchange under a new brand: GDAX (Global Digital Asset Exchange). Further to this development today, the exchange announced that they have added Ether trading via the ETH/BTC and ETH/USD crosses. Founded in…

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May 24, 2016 BY Mike Fox

Barchart names Mark Haraburda as CEO

Barchart, the Chicago based full-service provider of futures, equity and Forex market data, announced today that Mark Haraburda has been named CEO. Haraburda, 38, has served as Managing Director of Business Development and Sales for Barchart since 2007. Current Barchart CEO Andrew Lowdon will continue as COO, as well as company Chairman. Haraburda joins Barchart founders Lowdon…

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May 24, 2016 BY LeapRate Staff

CLS extends technology partnership with IBM by ten years

FX settlement services provider CLS Group has announced that it has renewed and extended its technology partnership with International Business Machines Corp. (NYSE:IBM) for ten more years. CLS and IBM have been partners since the inception of the settlement service in 2002 and have worked together over the last 14 years to continuously reduce settlement risk…

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May 24, 2016 BY Mike Fox

Carney: BoE wouldn't fight post-Brexit Forex moves in GBP

Bank of England (BoE) Governor Mark Carney today stated that the central bank of the United Kingdom would adopt a laissez-faire stance towards the pound no matter what decision comes during the UK-EU referendum being held on Thursday, June 23, to decide whether Britain should leave or remain in the European Union. For traders, they should expect to see…

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