UK online financial trading firm IG Group Holdings plc (LON:IGG) has launched trading for its clients around the expected results of the just-announced UK election set for June 8. IG's general election seats market allows traders to buy and sell the total amount of seats each party could win. Based on current prices the predicted amount of…
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Theresa May’s move has clearly inspired Pound bulls.
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UK financial regulator The FCA issued today its 2017 Mission Statement and Business Plan, plus its Sector Views which highlight the issues and developments the FCA sees in the sectors it regulates. While there seems to be a lot new now at the FCA - including a quietly unveiled new-look website and logo (see at…
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LeapRate Exclusive… LeapRate has learned via regulatory filings made in Norway and the UK that Norway’s central bank, Norges Bank, has increased its position in UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX) to 4%, making Norges one of CMC's largest shareholders. The Norges Bank stake in CMC consists of 11.73 million shares, worth about…
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LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK and Singapore that King & Shaxson Capital Limited has seen a significant drop in activity in Fiscal 2016. (The company has a June 30 year end). King & Shaxson is the parent company of FCA regulated retail and institutional Forex broker PhillipCapital UK.…
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Forex ECN FastMatch is reporting that volumes in its system increased during March by 16% MoM, to average $19.2 billion ADV for the month. That makes March 2017 FastMatch's best ever month for trading volumes, handily topping the company's previous best of $17.1 billion ADV set in November 2016. FastMatch's good results come at…
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London-based FX Prime of Prime institutional brokerage Stater Global Markets has announced its core technology partners, as well as the introduction of CFDs in indices and commodities. LeapRate exclusively reported about the launch of Stater Global Markets in an interview with CEO Ramy Soliman last October. Soliman was most recently VP EMEA Sales at Integral Development…
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Australia financial regulator ASIC has added its powerful voice to the fray regarding the new rules governing what Forex brokers can and cannot do with client money, following the passage yesterday by Australia’s parliament of the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. The new…
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Breaking Forex News... LeapRate has learned that Australia's parliament today passed the Treasury Laws Amendment (Measures No 1) Bill 2016, known more commonly as the Retail Client Money law. We had reported back in November that the Australian government was going to change the rules as to what ASIC licensed retail brokers offering over-the-counter derivatives products (read:…
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Another wild week in Forex Industry News with more regulator action, more executive moves, more financial results from leading brokers and liquidity providers... ... and you read about all the important stories first or exclusively at LeapRate. Our top guest post of the week was also our most read and discussed post: Why has mobile adoption…
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