February 08, 2017 BY LeapRate Staff

TechFinancials loses largest Binary Options client 24option, shares plunge 30%

Shares of binary options platform provider TechFinancials Inc (LON:TECH) plunged by more than 30% on Tuesday, after the company disclosed that it was going to lose its largest client, binary options broker 24option.com. The decline triggered two successive 5-minute Price Monitoring Extension periods in London Stock Exchange trading in the stock. A Price Monitoring Extension is activated…

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February 08, 2017 BY Valentina Kirilova

FCA warns on Boston Private Law Group LLC 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 firm Boston Private Law Group LLC. Boston Private Law Group LLC is not authorised by the FCA but has been targeting people in the UK and is…

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February 08, 2017 BY LeapRate Staff

Gain Capital finalizes acquisition of FXCM's US clients

Retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) has announced that it has reached a definitive agreement to acquire the US clients of rival FXCM Inc (NASDAQ:FXCM). Gain declined to say how much it was paying for the FXCM US client base. However we believe that very little cash changed hands (more on that below). Gain…

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February 07, 2017 BY admin

FXCM stock tanking, losing 50% day after CFTC ban

Now is a great time to see the aftermath of the damage being brought to FXCM in the wake of the ruling in which the US Commodity Futures Trading Commission (CFTC) banned FXCM Inc (NASDAQ:FXCM) from its home US market, as well as a permanent registration ban for CEO Drew Niv. Today the stock is tanking by…

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February 07, 2017 BY admin

ChartIQ adds Fidessa to customer portfolio

ChartIQ, the US-based charting and white label platform provider, continues to gain traction in the capital market space with its recent strategic partnership with financial giant, Fidessa Group plc (LON: FDSA). Together, ChartIQ and Fidessa have will bring a front-end interface to the Fidessa institutional trading desktop, available to 85% of the world’s largest financial…

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CySEC fine
February 07, 2017 BY Valentina Kirilova

CySEC fines Fortified Capital Ltd €5.000

The Board of the Cyprus Securities and Exchange Commission (CySEC) just informed investors that, at its meeting held on December 19, 2016, decided to impose a total administrative fine of €5.000 on the AIFM Fortified Capital Ltd for the noncompliance with article 29(2) of the Alternative Investment Funds Law. The Company, acting as the external…

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February 07, 2017 BY Valentina Kirilova

TechFinancials to exceed market expectations, Richfield Capital intends to terminate agreement

Binary options platform provider and operator TechFinancials Inc (LON:TECH) announced a trading update ahead of its final results for the year ended 31 December 2016. TechFinancials reported that further to its previous guidance to the market on its full year results for 2016, it now expects to exceed market expectations with revenues not less than USD…

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