AT Global Markets (UK) Limited, the UK arm of global retail FX brokerage group ATFX, has announced the hiring of experienced FX industry executive Steven Woodcock as the company's new Head of Risk Management. His previous role was Head of Trading and Risk at TeraFX, where his responsibilities included managing flow exposure for FX, bullion, indices,…
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The U.S. Securities and Exchange Commission (SEC) has announced that Merrill Lynch, Pierce, Fenner & Smith has agreed to pay approximately $8.9 million to settle charges that it failed to disclose a conflict of interest arising out of its own business interests in deciding whether to continue to offer clients products managed by an outside third-party advisory…
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U.S. brokerage industry regulator FINRA has announced that it has fined Interactive Brokers LLC $5.5 million for Regulation SHO violations and supervisory failures spanning a period of at least three years. To limit ongoing naked short positions, firms are required by the SEC’s Reg SHO, after completion of a short sale transaction, to deliver the…
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Brokeree Solutions, the Estonia based provider of high-grade technology solutions for forex brokers, has announced that it is introducing a new innovative solution that enables FX brokers to improve their offering by adjusting incoming symbols and creating new ones. With Brokeree’s new MT5 Synthetic Symbols solution plugin, forex brokers can convert inconvenient measures into something more…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has seen a drop in Revenues and a virtual evaporation of all client money held at the company during 2017. On the top line, Revenues for 2017 at GCM Prime were down 25% to $2.1 million, versus an…
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Following a strong comeback in the second half of 2017 which followed nearly two years of weak results, Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has released its 1H-2018 financials indicating that activity slowed somewhat during the first six months of the year. Overall, Revenues at KVB Kunlun for the first six…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Last week, the US government said that it would reopen trade talks and invite Chinese Vice Foreign Minister Wang Shouwen and his delegation to visit the United States. The two countries plan to hold trade ministerial-level trade consultations this month. The…
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Which Retail FX brokers posted financial and operating results this past week? Which Forex group is setting up a regulated institutional crypto exchange in Malta? Which longtime Google executive joined Plus500 as the company's new CTO? Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and commented-on…
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Cloud and blockchain company Xunlei this week announced its financial results for the second quarter of 2018. The company made nearly US $66 million in revenue, an over 70% year-on-year increase. Xunlei attributes its solid performance thus far to having diversified its business offerings in recent years, especially around cloud and blockchain solutions. Originally known…
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LeapRate Exclusive Interview... One thing seems certain nowadays - the advent of blockchain and cryptocurrencies is going to change the world of finance in general, and the FX trading industry in particular. How that will happen, however, isn't quite as clear. One group which seems to have a vision is 180 Capital, which is launching…
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