GAIN Capital exits institutional FX, sells GTX for $100M to 360T LeapRate

May 30, 2018 BY LeapRate Staff

GAIN Capital exits institutional FX, sells GTX for $100M to 360T

FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has made a surprise move by exiting the institutional FX business, announcing that it reached a definitive agreement to sell the company's GTX ECN business. GTX, an institutional platform for trading foreign exchange, will be sold to Deutsche Boerse AG (FRA:DB1), a leading diversified exchange organization providing…

May 30, 2018 BY Valentina Kirilova

FSC suspends AG Fiduciary Solutions Limited license

The Financial Services Commission, Mauritius (FSC) has just announced that the Management Licence held by AG Fiduciary Solutions Limited (formerly known as ABBEYGATE FINANCIAL SERVICES LIMITED) has been suspended with effect from 28 May 2018. In accordance with Section 27(5) of the FSA, AG Fiduciary Solutions Limited shall cease to carry out the activity authorized…

May 30, 2018 BY Valentina Kirilova

PayPal acquires AI-powered prediction platform Jetlore

Online payment giant PayPal announced that it has acquired Jetlore, an AI-powered prediction platform for some of the world’s top retailers. Headquartered in San Mateo, California, Jetlore was founded in 2011 by Ph.D. students from Stanford University's computer science program with the goal of applying the power of machine learning to the retail market. Jetlore’s…

May 30, 2018 BY Valentina Kirilova

TP ICAP's Chairman Rupert Robson to retire

The Board of TP ICAP plc has announced that Rupert Robson, Chairman of the Company, has informed the Board of his intention to retire from the role on 31 December 2018, the end of the Company's current financial year. Rupert Robson joined the Board of Tullett Prebon plc in January 2007 and became Chairman in…

May 30, 2018 BY LeapRate Staff

SEC takes action to halt Titanium Blockchain ICO fraud

The U.S. Securities and Exchange Commission has announced that it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain…

May 30, 2018 BY LeapRate Staff

Introducing broker XFA fined by CFTC and NFA over trade allocation scheme

The U.S. Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against X-Change Financial Access LLC (XFA) of Chicago, Illinois, for failure to diligently supervise its employees’ handling of its customer accounts and failure to preserve complete records. At the time of the conduct charged, XFA was registered with the CFTC as…

May 29, 2018 BY Mariela Naydenova

How this fintech startup revolutionized the payment with Bitcoin

The London-based startup, Plutus Tap and Pay, is revolutionizing how people pay with Bitcoin in stores and how they shop online. Bitcoin is mostly accepted now as a “store-of-value” cryptocurrency, not so much as a “transaction-ready” one, especially considering the regulations of banks and governments over the “people’s currency”. Plutus Tap and Pay is an…

May 29, 2018 BY Mariela Naydenova

What else is the Rothschild family controlling - cryptocurrencies

The Rothschilds, one of the wealthiest family dynasties in the world, has been rumored to “rule the world” of banking, politics and essentially all major economic drivers of the modern world. With the advancement of cryptocurrencies, the name and associated power of the Rothschild family is lurking all over again. Now, the founder of Ethereum,…

May 29, 2018 BY Valentina Kirilova

GFXC launches Global Index of Public Registers

The Global Foreign Exchange Committee (GFXC) has just announced that it has launched the Global Index of Public Registers (Global Index) to serve as a central reference point for demonstrated commitment to the FX Global Code (Code). Following the initial publication of the Code in May 2017, Market Participants expressed interest in developing public registers…

May 29, 2018 BY Valentina Kirilova

Belize regulator IFSC warns against Thomas Smith company

Belize financial regulator IFSC has issued a Warning Notice regarding a company called Thomas Smith. The entity is not licensed under the IFSC Act to provide, carry on, transact, or hold himself out as providing, carrying on, or transacting any of the international financial services as set out in the Schedule of the IFSC Act…