January 08, 2016 BY Maria Nikolova

FCA warns of clone of social trading provider Ayondo Markets

The Forex industry has been increasingly targeted by clone firms, that is, unauthorized companies that emulate the data, including names, websites, etc., of licensed entities, in order to easily defraud investors. The UK Financial Conduct Authority (FCA) is amid the regulators that actively warn against this practice. The watchdog published a special announcement yesterday regarding…

Read more
January 07, 2016 BY LeapRate Staff

TradeKing online share order system goes down briefly on Thursday - LeapRate Exclusive

LeapRate Exclusive... LeapRate has learned that clients of discount US online stockbroker TradeKing were unable to execute buy and sell orders via the company's website for a while on Thursday morning. A company representative confirmed to LeapRate that TradeKing's website was not communicating properly with the company's order routing system for a few minutes after…

Read more
January 07, 2016 BY Mike Fox

CME Group reduces minimum price increment on EUR/USD futures to half ticks

Today CME Group (NASDAQ: CME) informed us that they've reduced their tick size on EUR/USD futures, so traders can reduce their execution costs. Starting on January 10, CME is officially reducing the minimum price increment for their standard-size EUR/USD futures from 1-pip ($12.50 per contract) to 1/2-pip ($6.25 per contract). Effective Sunday, January 10 (trade date Monday, January 11), the minimum price…

Read more
January 07, 2016 BY Maria Nikolova

FCA reports steep rise in complaints about Forex trading and brokerage firms

The UK Financial Conduct Authority (FCA) has reported a sharp rise in reports about unauthorised trading and brokerage firms. The complaints from consumers concern firms offering trading in foreign exchange, contracts for difference, binary options and other commodities. A common feature of such companies is that they promise artificially high returns and often mention “guaranteed…

Read more
January 07, 2016 BY Maria Nikolova

Tracey McDermott withdraws from race for FCA's chief exec position

The UK Financial Conduct Authority (FCA) today issued a special statement, confirming that Acting Chief Executive Tracey McDermott has decided to leave the process to appoint the permanent Chief Executive of the FCA. The Treasury-led recruitment process is still open, with Ms McDermott set to continue as Acting Chief Executive until a permanent replacement is…

Read more
January 07, 2016 BY Mike Fox

Bitcoin exchange and agency brokerage itBit achieves 300% growth in volumes in 2015 with clients in 115 countries

Today agency bitcoin trading service and exchange itBit unveiled their 2015 trading statistics with some milestone achievements. 2015 was an exciting year for itBit’s bitcoin trading services featuring many firsts and strong growth. In May, they launched their bitcoin exchange in the United States after becoming the first company in the space to receive a trust company…

Read more
January 07, 2016 BY Maria Nikolova

Sucden Financial unveils new London-based Multi-Product Execution Team

International derivatives broker Sucden Financial Limited is strengthening its London management with the establishment of a new Multi-Product Execution Team. The team, which will target hedge funds, banks and real money asset managers, will be in charge of executing financial and commodity futures and options, stock options and stock indices, as well as fixed income…

Read more
January 07, 2016 BY Maria Nikolova

ICAP’s EBS trading volumes drop 1% MoM in December 2015

ICAP plc (LON:IAP) has just posted its operating metrics for December 2015, with the last month of the last year bringing no positive news on the Forex volumes front, as EBS trading volumes were even lower than in November 2015. Average daily volumes at EBS amounted to $74.8 billion in December 2015, down 1% from…

Read more