LeapRate Exclusive… LeapRate has learned that Estonia based Retail FX brokerage firm Admiral Markets Group AS has posted a nice rise in Revenues for the first half of 2018, with its Profit for the six month period nearly matching that of the entire 2017 year. Admiral Markets - which is physically represented in 16 countries including…
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Almost immediately following the expiry of the 180 day lockup which they agreed to following their last share sale in early March 2018, the founding group of Plus500 shareholders have announced that they have sold another chunk of stock, representing more than half of their remaining collective stake in the company. In total, the shareholder…
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Commodities and Forex broker INTL FCStone Inc. (NASDAQ:INTL) has announced that to expand the capabilities of its Global Payments Division, it has acquired the fully accredited SWIFT Service Bureau from PayCommerce. This acquisition will now enable INTL FCStone to act as a SWIFT Service Bureau for its 350-plus correspondent banking network, thus providing another important service for delivering local currency, cross-border payments…
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International derivatives and FX broker Sucden Financial has announced that it has partnered with FairXchange to provide its eFX clients and partners with independent analysis of execution performance. FairXchange is a data science firm specialising in microstructural analysis of financial markets. It was founded in 2016 with the aim of bringing clarity and transparency to…
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The following article was written by Richard Perona, VP of Institutional Sales at Advanced Markets and Fortex, Inc. Throughout my 18 years in the FX industry, AML (Anti-Money Laundering) / KYC (Know Your Client) training has been an annual requirement at the bank and broker level. Regulators have continually stressed the importance of AML /…
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Aquis Technologies, the financial and regulatory technologies services arm of Aquis Exchange PLC (LON:AQX), has announced that it has been chosen by Archax, the institutional-grade crypto and security token exchange, to supply the upcoming market with trading technology, when it launches in the first half of 2019. The company stated that Archax will take Aquis’…
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New York City-based institutional foreign exchange execution services and data analytics company Cürex Group has announced that Glen Sargeant has joined its ranks as Managing Director, European Business Development. Based in London, Glen Sargeant will be responsible for the development of customer relationships for Cürex throughout the UK and Europe. Glen Sargeant has 25 years of…
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The U.S. Securities and Exchange Commission (SEC) has announced that it has charged two Michigan men with fraud for their roles in a fake accounts scheme perpetrated by a phony day-trading firm, Nonko Trading. The SEC alleges that Jeffrey Goldman of West Bloomfield, Michigan, and Christopher Eikenberry of Birmingham, Michigan, participated in and profited from…
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Estonia based Retail FX and CFD brokerage group Admiral Markets AS has announced that it has applied for a credit institution licence through the Estonian Financial Supervision Authority, which is currently processing the application. Admiral Markets said that it has made the application for a credit institution licence to support its core service offering -…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Tickmill UK Ltd, the FCA licensed arm of Estonian-controlled Retail FX brokerage group Tickmill, posted fairly impressive results during its first full year of operation. Tickmill UK received its FCA authorization in July 2016, and started trading activities in November 2016. The Tickmill group was established…
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