The sterling hit one-month high against the dollar on Thursday, after UK retail sales data came in much higher than expected. British retail sales volumes in February rose by 1.4% from January, beating the 0.4% increase forecast by a Reuters poll of economists and following three consecutive monthly declines. For the three months to February, this…
Read more
Burton-Taylor International Consulting, a division of TP ICAP’s data & analytics group and a provider of market research, analytics and business consulting, has appointed Andy Nybo as Director of its Exchange Vertical research practice. In heading up the exchange and transaction venue research division, Andy Nybo will be building out Burton-Taylor’s comprehensive analysis of current…
Read more
LeapRate Exclusive... LeapRate has learned that veteran marketing executive Elizabeth Rayment has left her longtime position as Marketing Manager at Dubai-based and FCA regulated retail forex broker ICM Capital. Ms. Rayment, who has been with ICM Capital and been based in the UAE for nearly six years, has returned to London to set up her…
Read more
The Securities and Exchange Commission (SEC) adopted an amendment to shorten by one business day the standard settlement cycle for most broker-dealer securities transactions. Currently, the standard settlement cycle for these transactions is three business days, known as T+3. The amended rule shortens the settlement cycle to two business days, T+2. The amended rule is designed…
Read more
Oil prices bounced off from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production, as Reuters reported earlier today. Brent crude futures, the international benchmark for oil, were at $50.99 per barrel at 0621 GMT, up 0.7% from…
Read more
Online trading industry leading broker IG Group Holdings plc (LON:IGG) has reported its results for Q3-2017, indicating a slower quarter than its record Q2, but still coming in fairly strong. IG Group has a May 31 fiscal year end, so the quarter in question was the three month period of Dec-Jan-Feb. Before we get to…
Read more
FCA regulated retail forex and CFDs broker ActivTrades has announced that it is the first finance broker to sign the HM Treasury Women in Finance Charter, which supports gender diversity in the financial services industry. Created in March 2016, the Charter has gathered the support of over 120 leading financial organisations including Merrill Lynch, Credit…
Read more
LeapRate Exclusive… Some of the world's leading institutional investors continue to make big bets on a turnaround in shares of leading UK online brokers, which were hit hard late last year after the FCA proposed new strict rules governing Forex and CFD trading. LeapRate has learned via regulatory filings that BlackRock, Inc. (NYSE:BLK) has increased…
Read more
Retail Forex broker Alpari Limited has opened an office at Maeva Tower, a modern business center in Ebene CyberCity in Mauritius. A favorable business climate, as well as Mauritius' focus on developing a competitive legal environment, has boosted activity in the macroeconomic area of Asia, the Indian Ocean, and East Africa. The opening of this…
Read more
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Neo Lithium Corp. (TSX-V: NLC; OTCQX: NTTHF), a junior natural resource company focused on lithium brine exploration, has qualified to trade on the OTCQX® Best Market. Neo Lithium upgraded to OTCQX from the Pink® market. Neo Lithium…
Read more