Markets

FX Trade Week Evaluate: CySEC foreign exchange dealer license, Formax Prime launch, FXDD-IronFX merger off, and much extra…

Market News December 10, 2017 —by LeapRate Workers  0 Which FX dealer is the newest to get a CySEC CIF license? Which China-backed, FCA-licensed ECN dealer launched in London? Why was the FXDD-IronFX merger known as off? What main change did Plus500 Ltd (LON:PLUS) make to its Associates program? Solutions to those questions and extra appeared solely or first at LeapRate this week. A few of our hottest, shared and commented-on

Former CFTC Commissioner Bart Chilton backing crude token ICO OilCoin

In probably the most stark examples of “institution” folks leaping on the cryptocurrency bandwagon, former CFTC Commissioner Bart Chilton – probably the most recognizable faces and symbols of economic regulation – revealed this weekend that he’s deeply concerned within the ICO of a brand new token known as OilCoin. OilCoin plans to launch its ICO in January 2018. Bart Chilton As its title implies, OilCoin payments itself because the world’s first

ASIC calls on preparers to deal with monetary report high quality and new necessities

Regulation December eight, 2017 —by Valentina Kirilova  0 ASIC has referred to as on corporations to deal with giving data for customers of monetary reviews that’s helpful and significant, and to deal with the affect of main new accounting necessities. Asserting its focus areas for year-ending 31 December 2017 monetary reviews of listed entities and different entities of public curiosity with many stakeholders, ASIC highlighted various key areas to deal

ASIC calls on preparers to concentrate on monetary report high quality and new necessities

Regulation December eight, 2017 —by Valentina Kirilova  0 ASIC has referred to as on corporations to concentrate on giving data for customers of economic stories that’s helpful and significant, and to handle the impression of main new accounting necessities. Saying its focus areas for year-ending 31 December 2017 monetary stories of listed entities and different entities of public curiosity with many stakeholders, ASIC highlighted quite a lot of key areas

Unique: ETX Capital promotes Arman Tahmassebi to CEO

LeapRate Unique… LeapRate has discovered that London primarily based FX and CFDs dealer ETX Capital has stayed inner to exchange its just lately departed longtime CEO Andrew Edwards, selling COO Arman Tahmassebi to the CEO place on the firm. Andrew Edwards As was completely reported at LeapRate at first of November, Andrew Edwards shocked lots of people within the London FX scene by leaving ETX – the place he had

Saxo Financial institution has finest month of 2017 in November, multi asset buying and selling volumes high $388 billion

Brokers December eight, 2017 —by LeapRate Workers  0 Persevering with a really robust month of November now we have seen at a number of the world’s leading FX and CFD brokers, Copenhagen based mostly multi asset dealer Saxo Financial institution has launched figures indicating that November was certainly its finest month of the 12 months to this point, with essentially the most buying and selling exercise seen since November 2016, the

Subsequent Group Holdings acquires majority curiosity in SDI NEXT Distribution

Subsequent Group Holdings, Inc. (OTCMKTS:PLKD) introduced right now that on December 6, 2017 the Firm has accomplished its acquisition of 51% of SDI NEXT Distribution LLC, beforehand introduced August 24 as a Letter of Intent (Letter of Intent to Purchase Majority Curiosity in SDI Subsequent Distributors LLC) with Fisk Holdings, LLC. As Managing Member of the newly fashioned LLC, Subsequent Group Holdings, Inc. will contribute a complete of $500,000, to

Unique: Plus500 removes Revshare funds from its Associates program on account of MiFID II rules

LeapRate Unique… LeapRate has discovered that main on-line FX and CFD dealer Plus500 Ltd (LON:PLUS) has determined to halt its Revshare funds with associates in its 500Associates.com program forward of MiFID II rules, transferring as a substitute to an all-CPA (cost-per-acquisition) mannequin. Whereas most associates of FCA and CySEC licensed Plus500 have been working with the CPA mannequin so far, receiving a price from Plus500 for every new consumer they consult

AFME appoints BNY Mellon’s Michael Cole-Fontayn as Impartial Chairman

Executives December 7, 2017 —by Valentina Kirilova  0 On the Affiliation for Monetary Markets in Europe (AFME)’s Board assembly and EGM held in Brussels on 6 December, Michael Cole-Fontayn was appointed as Impartial Chairman with impact from 1 January 2018. Michael Cole-Fontayn is retiring from BNY Mellon (NYSE: BK) this month after a 35-year profession with the corporate, most lately as Govt Vice President, Govt Committee member and EMEA Chairman.

Saxo Financial institution’s 2018 ‘Outrageous Predictions’: $60,000 Bitcoin, Tencent topples Apple, Fed loses independence

One of many extra attention-grabbing traditions within the foreign exchange world as we head towards the vacation season and year-end is Saxo Financial institution’s annual “Outrageous Predictions”. Not meant to be an actual look into the crystal ball however slightly meals for thought, Saxo Financial institution takes a have a look at some wacky however nonetheless believable eventualities for merchants within the coming yr. Steen Jakobsen, Saxo Financial institution Within