San Diego man’s Ponzi scheme busted by SEC LeapRate

July 17, 2015 BY Mike Fox

San Diego man's Ponzi scheme busted by SEC

Fraudulent unregistered "investment firm", raised $2.6 million from clients.

July 16, 2015 BY Mike Fox

iTech Capital invests $3 million in TradingView

The fund has invested US$3M in Chicago based TradingView, a growing social FinTech platform that unites traders and investors from around the world. The service is used by over 4,000 financial portals and websites such as Investopedia, InstaForex, DailyFX and more...

July 16, 2015 BY Andrew Saks-McLeod

It's official! Plus500 shareholders approve recommended cash acquisition by Playtech

Plus500 announced that the acquisition was today approved at the Special General Meeting of the Plus500 shareholders by an overwhelming majority of 93.4% of the votes cast at the SGM, representing 71.8% of Plus500's total voting power

July 16, 2015 BY Andrew Saks-McLeod

CME Group and SGS open cocoa grading facility in Amsterdam

"Opening a grading facility in Amsterdam puts this important function within close proximity of the key cocoa storage facilities, therefore improving the efficiency and cost effectiveness of the futures sampling and grading process" - Cees Vermaas, CEO of CME Europe

July 16, 2015 BY Maria Nikolova

Cypriot regulator suspends license of investment firm 1 TCR Corp

The license of the investment firm, formerly known as 1 Financial ROD Ltd, is suspended for a month during which it should implement measures to solve the identified problems.

July 16, 2015 BY Andrew Saks-McLeod

Football sponsorship high on the agenda as AFX Capital partners with FC Sion

AFX Capital has partnered with Swiss football club FC Sion, and will enjoy a range of sponsorship rights at the Stade Tourbillon, as well as a strong presence across the club’s various media platforms

July 16, 2015 BY Maria Nikolova

ICAP Global Broking executes first matching session in ZAR government bonds

ICAP’s voice brokers in London and Johannesburg are now running multiple matching sessions per day for ZAR government bonds.

July 16, 2015 BY Andrew Saks-McLeod

Plus500 shareholders vote unanimously in favor of Playtech acquisition: LeapRate Exclusive

The results from the votes by proxy on the proposed acquisition of Plus500 by Playtech have been counted, with 60 million shareholders voting in favor and only 5 million voting against the proposals, thus it is currently likely that the acquisition will proceed

July 16, 2015 BY Maria Nikolova

FSCS estimates Alpari UK compensation costs at £27.6 million ($43.1m)

The Financial Services Compensation Scheme's annual report puts compensation costs related to insolvent broker Alpari UK at £27.6 million but warns the number may be higher.

July 16, 2015 BY Andrew Saks-McLeod

Sucden Financial appoints former Jefferies Bache executive Gary Herbert to expand coffee business

“Gary has extensive experience and is well known in the coffee industry. He will be responsible for increasing our coffee futures and options business in London and will add a further depth of knowledge to the desk" - Mark Cooper, Co-Head of Softs at Sucden Financial