In congruence with many firms during November, GAIN Capital's retail and institutional divisions experienced decrements in trading volumes when compared with October's stellar performance
Read more"FastMatch is increasing the transparency level of the FX market to be on par with other asset classes," said Dmitri Galinov, CEO of FastMatch. "This is something we know our clients want and something we believe the institutional FX space needs."
Read moreStuart Scott spent seven years at HSBC as Head of FX Trading for the EMEA region, and was yesterday dismissed following the company's fine for its part in the FX rate manipulation case which was concluded last month, and now faces criminal investigations in the US for leaking client information to a hedge fund
Read more'Churning' of retail traders is one of the most poignant concerns of many of today's FX companies. Optimove CEO Pini Yakuel details his antidote to churning in today's LeapRate interview
Read moreRetail forex broker FXDD and the US National Futures Association (NFA) have agreed on a $500,000 settlement relating to administrative issues, as FXDD has been in process of exiting the US retail forex market making business to act as an introducing broker in the US. As we reported earlier, FXDD sold its US business to…
Read moreConfirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank. Industry sources tell LeapRate that the financing was done at…
Read moreTechnology-led Canadian FX firm OANDA holds itself out as the most popular among the tech-savvy Singaporean retail FX traders surveyed by Investment Trends, with Britain's IG Group sharing popularity with domestic firm Phillip Futures for CFD business.
Read morePublicly listed payment and risk management firm SafeCharge will appoint Ali Farid Khwaja CFA to operate the newly established Card Issuing Division in February 2015
Read moreA scathing report criticizing five of the FCA's senior executives including Martin Wheatley is to be issued by law firm Clifford Chance, resulting in loss of annual bonuses. Last year, Mr. Wheatley collected £86,000 in annual bonus
Read moreLeapRate has learned from regulatory filings with the London Stock Exchange that investment house JP Morgan has reduced its holdings in CFD broker Plus500 (PLUS.L) to just under 5% of the company's outstanding shares. As of December 9, JPM's holdings in Plus500 were reduced to 5,738,332 shares (worth about £31.7 million), down from 6,710,399 shares held previously.…
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