LCH was without a CEO since LSE's takeover of the multi-asset clearing house back in May. Multi-national clearing house LCH.Clearnet has announced that Suneel Bakhshi has been appointed as its new CEO. Whilst the final confirmation is pending a regulatory approval the new chief executive officer is expected to join the company in early 2014.…
Read moreMarket for new and 'different' forex trading platforms is getting crowded. Cyprus based MT4 forex broker Windsor Brokers just announced that they are starting to offer to their clients a rather different methodology of trading, on the newly-introduced Gwazy platform. Judging from Gwazy's cartoonish logo at left, the platform is targeted as a 'fun' trading…
Read morePFSoft also announced the unveiling of Protrader.com – an online community for users of the Protrader platforms. Forex platform provides PFSoft has announced a major upgrade of its multi-asset trading platform called Protrader 3. As speed of quoting and execution is a great challenge for the industry, the new release has up to 3 times…
Read moreA quick note of thanks to all of our customers, friends and loyal readers... It has been less than three years since we launched LeapRate as a reliable and objective source of information and analysis for the online forex sector, and what we've achieved has certainly exceeded our expectations. We're now pleased to report that…
Read moreNewly installed Russia regulatory head Sergey Shvetsov seems to be heading strongly toward regulating the forex sector. As first appeared in Forexbrokerz... Deputy Chairman of the Central Bank of the Russian Federation Sergey Shvetsov was quoted in ITAR-TASS (in Russian) as saying that as financial regulator he is looking at banning advertising by foreign brokers in Russia.…
Read moreTradologic's option types are fully compliant with the new binary options regulations in Japan. Binary options platform provider Tradologic has announced that they have been hired to upgrade the binary solution of mid-size Japan FX broker FXTrade. FXTRade began life as an IB of GFT and later became a white label of Saxo Bank, before…
Read moreLesson learned? Right or wrong, don't (overly) fight your regulator. In normal times, a $100 million fine levied against a respected, regulated, licensed broker would make headlines. Big headlines. But today's announcement that the CFTC, with its staff now back at work after the US Government shutdown, has fined JP Morgan (NYSE:JPM) $100 million over…
Read moreThe cause? Falling trading volumes in July-August-September at the Japanese forex broker. Monex Group of Japan (TYO:8698), a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported Q2-2014 results today (Monex's fiscal year ends March 31) which, as expected, showed a sharp drop in both revenues and profits. In the…
Read moreThinkForex is the fourth forex broker added by Myfxbook to AutoTrade in just the past month. Myfxbook is on a roll. The social trading and copy trading service provider has added Australian forex broker ThinkForex to its growing list of outfits which link to Myfxbook's AutoTrade. The announcement comes just several days after we reported…
Read moreQuotes of the new instruments are set in Russian rubles per gram and trades are settled in RUB. This week marks another historical announcement from the Moscow Exchange – starting today the clearer's FX Market trading platform will allow settling of transactions of Gold and Silver on the Moscow Exchange. The central counterparty and clearing…
Read more