Category: Forex

March 17, 2017 BY LeapRate Staff

CySEC suspends license of forex broker BoursePro due to "Persons who effectively direct the business"

Cyprus financial regulator ended the week by issuing a temporary suspension of the CIF license of forex and binary options brokerage group Boursotrade Ltd. Boursotrade operates several brands including BourseBinary (binary options) and BoursePro (retail forex). CySEC's stated reasons for the suspension included non-compliance with: Persons who effectively direct the business of a CIF, and Capital…

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cysec license suspended
March 17, 2017 BY Valentina Kirilova

Boursotrade Ltd. license suspended by CySEC

The Cyprus Securities and Exchange Commission (CySEC) just announced that the authorisation of the Cyprus Investment Firm Boursotrade Ltd, number 235/14, is suspended, as there are suspicions of an alleged violation of: section 28(1) of the Law, due to the Company’s possible non compliance at all times with the authorization and operating conditions down in…

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March 17, 2017 BY Valentina Kirilova

MARF registers a new bond tranche by MasMovil Broadband

The Mercado Alternativo de Renta Fija (MARF) today registered a new bond tranche issued by Masmovil Broadband with a 5.75% annual coupon and maturity in 2024. The amount of this new issue, which adds to the €30 million placed in July 2016, is €38 million and was placed at a 5.1% yield. Intermoney Valores has…

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Saxo Bank office
March 17, 2017 BY LeapRate Staff

Saxo Bank 2016 results are out: Revenues up 27% to $425 million

Copenhagen based multi asset brokerage Saxo Bank has issued its financial results for 2016, indicating a return to profitability and healthy overall growth in the business. Comparing Saxo Bank's results to 2015 should be taken with a grain of salt, however. The firm's 2015 results were hurt on both the top and bottom lines quite…

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March 17, 2017 BY Valentina Kirilova

CME Group Index Derivatives Expert Sean Smith joins FTSE Russell

FTSE Russell, the global index and data provider, announced that Sean Smith has joined the firm as Managing Director of Derivatives Licenses, to lead the company’s efforts to further expand its options and futures business. Dozens of FTSE Russell indexes are used as the underlying benchmarks for options, futures and OTC cleared derivative products. Indexes…

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banned
March 17, 2017 BY LeapRate Staff

CySEC gets tougher on bonus schemes, banning referral payments, trading competitions, and cash rebates

Cyprus financial regulator CySEC has issued an information circular, providing what it calls "additional guidance" to CIF licensed brokers on the types of bonus incentives which are no longer permissible to be offered to retail clients. In its original announcement on November 30 regarding new rules governing bonuses and trading leverage (which was exclusively revealed by LeapRate…

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data
March 17, 2017 BY LeapRate Staff

PT Monex Indonesia to introduce eFXplus data analytics to its premium clients

PT Monex Investindo Futures, the largest forex and futures broker in Indonesia, has announced that it is introducing eFXplus via API to its high-net worth clients. eFXplus, an innovative FinTech strategy platform, live simulates institutional-derived FX data from a selection of models and recommends portfolios, quant models, forecasts, and insights briefs. According to PT Monex…

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ibm
March 16, 2017 BY Valentina Kirilova

Singapore fintech startup Invictus turns to IBM for blockhain support

IBM (NYSE: IBM) today announced Singapore fintech start-up, INVICTUS, is collaborating with them to leverage IBM Cloud and Blockchain technologies for their Order, Logistic & Payment (OLP) platform. The platform aims to help businesses reduce wastage, redundancy and cash-flow issues in their transaction processes by disrupting the supply chain management cycle with blockchain smart contract…

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