There are a lot more free floating shares out there now for Plus500 Ltd (LON:PLUS). Just several hours after a group of Plus500 founders sold 9.39 million shares in the company for £145 million, another 11.4 million PLUS shares hit the market, with online gaming and financial trading company Playtech PLC (LON:PTEC) selling its entire 9.99% stake…
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MarketFactory, the foreign exchange technology platform, has just announced that Sophie Verdellet, previously holding the position of eFX business development at Xenfin Capital, has joined the company as an account manager. Based in London, she will be responsible for account management and customer service in the EMEA region. Sophie Verdellet will report directly to MarketFactory…
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Digital Asset Custody Company (DACC), a custody solution, purpose-built for institutional investors holding digital assets, has announced that it is able to provide custody support for Zcash, a cryptocurrency designed to enhance privacy in financial services. DACC is also the first third-party custody solution to support Horizen (formerly ZenCash), a token that allows users to…
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COSIMO Ventures, a global venture capital (VC) firm, announced the launch of COSIMO X: an evergreen, tokenized VC fund focusing on early stage deep tech companies with a particular concentration on blockchain technology, spanning industries such as artificial intelligence, AR/VR, IoT, and cybersecurity. COSIMO X is structured to provide enhanced liquidity for investors along with…
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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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