TravelersBox raises $10 million from VCs to expand foreign currency deposit kiosks LeapRate

January 22, 2016 BY Maria Nikolova

TravelersBox raises $10 million from VCs to expand foreign currency deposit kiosks

Israeli tech startup TravelersBox, which helps travelers deposit the foreign currency coins and bills left after a trip, has announced the closing of a $10 million series A funding round led by Arbor Ventures. Existing investors, such as Pitango Venture Capital, IPE Ventures, Pereg Ventures, iAngels, and Global Blue, also participated in the funding. Tomer…

January 22, 2016 BY Maria Nikolova

British Columbia regulator warns against Smart FX Online

The British Columbia Securities Commission (BCSC) has just updated its Investment Caution List, featuring the names of unregistered brokerage firms, which unlawfully target British Columbia investors or misleadingly purport to be associated with the Canadian province. The latest addition to the Investment Caution List is Smart FX Online, a company offering its services via www.smartfxonline.com.…

January 22, 2016 BY Maria Nikolova

StatPro acquires Investor Analytics for $10M in cash

StatPro Group PLC (LON:SOG), a provider of portfolio analysis and asset pricing services for the global asset management industry, today announced that it has acquired the entire share capital of Investor Analytics LLC ("IA"), a US-headquartered, cloud-based risk analytics company to hedge funds and asset managers, for a cash consideration of $10 million. There is…

January 22, 2016 BY Maria Nikolova

Weaker trading activity hits Tradition's revenues in Q4 2015

Swiss interdealer broker Compagnie Financiere Tradition SA (SWX:CFT) earlier today posted its key financial metrics for the final quarter and full year 2015, with slower trading activity in the last three months of the preceding year weighing on revenues. For Q4 2015: The reported consolidated revenue for Q4 2015 of CHF 190.7 million ($188.6m), down…

January 22, 2016 BY LeapRate Staff

CFTC launches new whistleblower website

The new CFTC whistleblower website allows users to submit tips and apply for monetary awards.

January 21, 2016 BY Maria Nikolova

Ex-Bank of New York VP Joseph Velli joins Scivantage Board of Directors

Scivantage, a Global FinTech 100 technology provider of wealth management and cost basis solutions, today announced the appointment of financial services and technology industry veteran Joseph Velli to its Board of Directors. For most of his career, Mr. Velli served as a Senior Executive Vice President of The Bank of New York and as a…

January 21, 2016 BY Maria Nikolova

PFSOFT releases front-end application PTMC, integrates it with FXCM's client API

Confirming LeapRate's earlier report about PFSOFT's plans to launch a new solution, the company announced today it has just released a standalone front-end application branded as Protrader Multi-Connect (PTMC). The new version of PFSOFT's platform is addressed directly to traders, being the company's response to numerous requests coming from traders’ community which demanded the ability…

January 21, 2016 BY Maria Nikolova

Russia's CRFIN reviews 248 enquiries regarding Forex companies in 2015

Russia's Centre for Regulation of OTC Financial Instruments and Technologies (CRFIN) today published a report regarding the activity of its Disciplinary Commission for 2015. For the entire 2015, the Commission reviewed a total of 248 enquiries regarding Forex companies. Nearly half of these (48%) concerned members of the organization, with 10% of these used by…

January 21, 2016 BY LeapRate Staff

London Capital Group COO Arman Tahmassebi departs as LCG restructuring continues

Continuing our exclusive coverage of all the recent changes at some of the UK's leading online brokerages, LeapRate has learned that the Chief Operating Officer of London Capital Group Holdings plc (LON:LCG), Arman Tahmassebi, is departing the company just as it gears up to market the 'new LCG'. LeapRate had broken the story two weeks ago of London…

January 21, 2016 BY Maria Nikolova

UK FCA issues warning against FX firm Financial Products (London) Limited

As the number of complaints regarding unauthorized trading and brokerage firms in the UK is rising, the Financial Conduct Authority (FCA) is also stepping up its efforts to combat financial fraud. It comes as no surprise then that the FCA keeps issuing public warnings against unauthorized FX firms, with the latest one targeting Financial Products (London)…