FX Industry Week Review: Playtech-Alpha deal size, GAIN Capital business exit, FX broker results, and lots more LeapRate

June 10, 2018 BY LeapRate Staff

FX Industry Week Review: Playtech-Alpha deal size, GAIN Capital business exit, FX broker results, and lots more

Why is the Playtech acquisition of Alpha Capital Markets likely to be completed at a much lower valuation than the previously advertised $150 million? Which business line did GAIN Capital shutter? Will ESMA's binary options ban and CFD leverage cap, set to come into effect this summer, apply to non-EU clients of EU brokers? How…

June 10, 2018 BY LeapRate Staff

World Cup meets investing: Swissquote launches Football Fever Certificate

Taking an interesting twist on sports investing, Switzerland based online trading group Swissquote Group Holding SA (SWX:SQN) has launched a Football Fever Certificate, allowing investors access to a basket of listed companies comprised of World Cup sponsors and European football clubs. The Football Fever Certificate can be traded on the Swiss stock exchange (SIX), under the…

June 10, 2018 BY LeapRate Staff

Exclusive: Saxo Bank hires Nordea executive Oliver Zecevic as Head of Operations

LeapRate Exclusive... LeapRate has learned that Copenhagen based Retail FX broker Saxo Bank has added another member to its senior management team, hiring longtime Nordea executive Oliver Zecevic as the company's new Head of Operations. Oliver Zecevic had been with Nordea for his entire working career, joining the Danish based banking and financial group out of…

June 08, 2018 BY Valentina Kirilova

FCA warns against The Haighton Ruth Group clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm The Haighton Ruth Group. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their…

June 08, 2018 BY Valentina Kirilova

NSD and Interfax Group launch RU Data Price service

National Settlement Depository (NSD), Russia’s central securities depository, and Interfax Group have announced that they have launched the integrated product RU Data Price, which allows institutional investors to access a full set of data to analyze market risks and generate regulatory reports, in particular, to evaluate the fair price of bonds. The new service has…

June 08, 2018 BY LeapRate Staff

GAIN Capital May Retail FX volumes up 9% to $243 billion

Following a fairly slow April, FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) saw a healthy uptick in activity in May. Retail FX volumes were up by 9% MoM to $243.3 billion at the company's FOREX.com and City Index brands, or $11.1 billion in average daily volumes. Institutional volumes at GAIN's GTX brand soared by…

June 08, 2018 BY Valentina Kirilova

FCA warns against Newmont Wealth Advisory firm

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Newmont Wealth Advisory. Newmont Wealth Advisory is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated…

June 08, 2018 BY Valentina Kirilova

FCA releases new premium listing category for sovereign-controlled countries

The Financial Conduct Authority (FCA) has announced that it has today finalised rules creating a new category within its premium listing regime to cater for companies controlled by a shareholder that is a sovereign country. In July last year, the FCA consulted on proposals aimed at encouraging such companies to choose the higher standards of…

June 08, 2018 BY LeapRate Staff

Gold in today's Financial Markets

The following article was written by AMarkets, a St. Vicent & the Grenadines (FSA) regulated global forex broker established in 2007. For thousands and thousands of years, gold was the only form of money that existed. Today, there is an intense debate if gold is money or not. Technically speaking, it isn’t. Central banks in…

June 08, 2018 BY Valentina Kirilova

Streamr’s DATA token listed on cryptocurrency exchange Binance

Streamr, the blockchain-backed data platform, has just announced that its token (DATA) has been listed on Binance, the largest cryptocurrency exchange in the world by trading volume. The announcement comes at a time of great vibrancy within the Streamr community, following the launch of Streamr’s real-time data Marketplace in May 2018. DATA is available for…