ASIC has applied to the Supreme Court of Queensland for orders to wind up two public companies, Gognos Holdings Ltd (Gognos) and Dynamic Agri Tech Ltd (Dynamic), on just and equitable grounds. In particular, ASIC alleges that: the companies have been involved in multiple contraventions of corporations legislation and are not complying with their obligations…
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TD Ameritrade Holding Corp. and its largest stakeholder, Toronto-Dominion Bank, are close to a deal to buy online brokerage Scottrade Financial Services Inc. for $4 billion. TD Ameritrade would acquire Scottrade’s brokerage operations for about $2.7 billion in cash and stock, while Toronto-Dominion would purchase Scottrade’s banking operations for $1.3 billion in cash, according to…
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Citadel Securities, an international market-maker across the equities, futures, options, treasuries, FX and swaps markets, has partnered with Japanese brokerage Invast Securities Co. Ltd. (TYO:8709), to become the newest liquidity provider available via the Invast Global multi-asset prime services facility, PurePrime. PurePrime now offers disclosed bank, non-bank and ECN liquidity with aggregation of more than 20 unique FX…
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CFD broker Plus500 Ltd (LON:PLUS) has provided a trading update for the three and nine months ended 30 September 2016. In the nine months ended 30 September 2016, revenue was $236.3m an increase of 14% compared to the same period last year. However, strictly Q3 revenue compared to last year was slightly down 4% to…
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LeapRate's Forex Industry News this past week included our exclusive coverage of Saxo Bank's fairly bold decision to forego a .com URL, in favor of its new home page www.home.saxo. That change accompanied a total redo of its website and look. We also brought our readers an exclusive interview with Saxo Bank about what was behind…
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The National Futures Association (NFA) has reported cyber attacks on their website tonight. As reported earlier on LeapRate, there have been cyber attacks today affecting many popular websites on an internet infrastructure provider that hosts a number of these major websites. NFA relies on this internet infrastructure provider and its website has been affected by this attack.…
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It's not just Retail Forex brokers which face DDoS attacks. Twitter, Spotify, Reddit, and many other huge websites were reported as down or screwed up this morning. This was happening as hackers unleashed a large distributed denial of service (DDoS) attack on the servers of Dyn, a major DNS host. It’s probably safe to assume…
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Saxo Capital Markets UK Limited, the FCA-regulated arm of Denmark-based multi asset broker Saxo Bank, has reported its 2015 financial statement and report which clearly show some good news and overall progress for the business, but also some bad news. To dispense first with the bad news, Saxo UK posted that it took a £7…
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MOEX has announced that a new version of the Moscow Exchange Free Float Methodology will come into force on 31 October 2016. The new methodology defines more precisely criteria to be applied to securities to determine their free float. In particular, such criteria include a minimum liquidity ratio (defined by the turnover rate, i.e. a…
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Continuing its acquisition spree outside of the Forex sector after having failed to acquire Plus500 and AvaTrade, gaming technology provider Playtech PLC (LON:PTEC) has announced that it has acquired bingo software and hardware solutions provider ECM Systems. ECM supplies software and support services to the UK retail bingo market, including major operators Gala Leisure, Mecca…
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