Shares 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 moreInternational derivatives marketplace CME Group Inc (NASDAQ:CME) and leading provider of intelligent information for businesses and professionals Thomson Reuters Corp (NYSE:TRI) today announced the implementation of new measures to improve and further develop the LBMA Silver Price Benchmark. The enhancements stem from ongoing consultation with participants and approval of the independent Oversight Committee. These new…
Read moreCürex Group, the buy side forex client-focused execution services and data analytics company, today announced it entered into an agreement with FX Connect, State Street’s multi-counter party trading system and a market leader in end-to-end FX execution services. As a result of this new agreement, Cürex has become an execution destination accessible via FX Connect, allowing…
Read moreEdgewater Markets, a NYC headquartered industry leader in electronic forex aggregation and distribution to global institutional clients, today announced the company has raised a $30 million growth equity minority investment led by FTV Capital. This first institutional capital raise will be used to enhance the company’s technology platform, grow the sales team and expand its…
Read moreRetail Forex broker HotForex, a brand of CySEC-regulated HF Markets (Europe) Ltd, has redesigned its website (www.hotforex.com) in tune with a trend gaining increased popularity amid Forex brokers. The website now puts the stress on the broker's updated offering, including the MT4 Web platform. This offering is presented primarily with images rather than text, which makes…
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