Insiders to sell $170M of Plus500 shares. IPO benefits: higher volumes, but also lower client acquisition costs. When we wrote back in December that Plus500 (LON:PLUS) CEO Gal Haber was targeting a billion dollar valuation for his newly public company, we did so with a certain amount of skepticism. After all, industry leader FXCM's valuation…
Read moreStartup forex brokers can focus on sales and customer services by outsourcing hardware and software Are you a brokerage that is running an in-house developed platform or a platform solution that caters to the needs of some of your customers but most of them are asking for MT4? Gold-i and FXecosystem have just teamed up…
Read moreThe reporting deadline that has been set by the ESMA was on the 12th of February LeapRate exclusive: Since the first EMIR reporting deadline set by the ESMA which was on the 12th of February, members of MAP-ERS have started reporting to Trade Repositories in an uninterrupted fashion and right on time. During the first 10…
Read moreWill other UK brokers face similar action for asymmetric slippage? As we reported earlier, the UK arm of FXCM (NYSE:FXCM) has entered into a settlement agreement with UK's Financial Conduct Authority (FCA). The agreement is concluding and old issue for the company related to order execution practices (asymmetric slippage) between August 2006 and December 2010.…
Read morePress release follows. Full details and background coming soon at LeapRate.... The Financial Conduct Authority fines FXCM UK £4 million for making 'unfair profits' and not being open with the FCA The Financial Conduct Authority (FCA) has fined Forex Capital Markets Ltd and FXCM Securities Ltd ("FXCM UK") £4,000,000 for allowing the US based FXCM…
Read moreMt Gox closure sent prices on other exchanges down 25% to low $400's, now back around $600 Recent developments in the crypto currencies world have been of a substantially disruptive nature and there is no doubt that confidence has been shattered all over the place as the formerly leading Japanese exchange Mt Gox has finally…
Read moreOMF also recently launched the cTrader ECN platform for FX trading FX transaction processing software provider TwoFour has announced in a press release that New Zealand based OM Financial Limited (OMF) has selected the company to provide it with its TwoFour Foreign Exchange software to manage the whole spectrum of FX payments and margin transactions.…
Read moreThe newest educational website related to financial markets is FuturesFundamentals.com One of the world's leading exchange traded and over-the-counter derivatives exchanges has launched a new website that is aiming to educate its readers on the role of futures markets in the real economy. The CME Group achieves two important goals with its launch - it's…
Read moreTraders interested in speculating on the crypto-currency market are not put off by Mt Gox's closure LeapRate Exclusive: Sources close to various forex brokers in the industry have confirmed that as the debacle of the former leading Bitcoin exchange Mt Gox unfolds, interest amongst customers to trade the digital currency has been increasing. In fact the…
Read moreIt was about time to have a single framework to access EU wide information through a single resource It's been a long time coming - finally the European authority in charge of financial markets, the ESMA (European Securities and Markets Authority), has issued a press release that details the introduction of a single, consolidated register for…
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