Global investment bank JPMorgan Chase & Co. (NYSE:JPM) has made filings to the London Stock Exchange indicating that it has increased its stake in retail Forex and CFD broker Plus500 Ltd (LON:PLUS) to 9.0%, up from 7.5% previously. JPMorgan now holds directly 10,330,061 Plus500 shares, worth £67.8 million (USD $96 million). Plus500 shares have been on a…
Read moreProvider of payment solutions Paysafe Group Plc (LON:PAYS), which earlier this week joined the FTSE 250 index, has partnered with provider of prepaid payment technology and solutions Emerchants Ltd (ASX:EML) to deliver white-labelled pay-out card solutions to gaming operators in Europe. Emerchants, which has gaming operators such as Ladbrokes, William Hill and Sportsbet amid its…
Read morePlaytech PLC (LON:PTEC) has just published a filing with the London Stock Exchange, stating that it will no longer be releasing Q1 or Q3 trading updates. The move is in tune with market practice for companies with a Premium Listing on the London Stock Exchange to move away from Interim Management Statements. The change, the…
Read moreAbout 460,000 investors use the services of Forex brokers in Russia, with cumulative average trading volumes per month around $330 billion, according to the Interfax annual study of the Russian Forex market for 2015. The total size of deposits reached meager $0.5 billion. The amount of FX transactions fell 5% from 2014 levels, with the…
Read moreShares of online spreadbetting and financial trading firm IG Group Holdings plc (LON:IGG) rose 6% Tuesday after the company announced stellar summary results for its fiscal third quarter (IG has a May 31 year end). Revenues at IG came in at £122 million for the quarter ended Feb 29, handily beating the company's previous best of…
Read morePaddy Power Betfair plc today announces that Chief Operating Officer, Andy McCue, will leave the Paddy Power Betfair Group and will cease to be a Director on April 30, 2016. The announcement on the management change follows the completion of the merger of Paddy Power and Betfair in February this year. Mr McCue was CEO of…
Read moreCySEC-regulated Forex and CFD broker FXTM (ForexTime) has just announced the launch of a new account type – Shares Account. As the name suggests, the new account type is specifically designed for traders that trade CFDs on shares. Importantly, the broker notes, trading CFDs on shares will be possible only through these new accounts. Existing…
Read moreShares of Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) dropped more than 16% in value on Monday and Tuesday, following the company's release of its Q4 and full year 2015 financial results at the end of last week. While our initial report correctly indicated that KVB registered a 170% YoY jump in…
Read moreSpecial Administrator KPMG has issued a further update on the bankruptcy of retail forex broker Alpari UK, showing what it calls the Illustrative Financial Outcome for Alpari UK clients. Note that it has been more than 14 months since Alpari UK entered bankruptcy proceedings, following heavy losses the company took on the Swiss Franc spike of January…
Read moreBitPay has just announced a new partnership with Hanover-based bitcoin payments company PEY. PEY will be using BitPay's bitcoin payroll API to offer bitcoin salary and benefits payments for businesses in Germany. Early last year, PEY integrated BitPay's payment gateway API into bitcoin payment terminals used by German merchants. Since then, PEY has been seeking…
Read more