Today should be a very interesting day in the corporate history of UK spreadbetting firm London Capital Group (LON:LCG). Today's general meeting and shareholder vote will likely determine the fate of LCG - primarily, whether or not it ends up being 'rescued' by a £17.5 million investment to be made by an investor group led…
Read moreRamping up pressure on the board and shareholders of London Capital Group (LON:LCG), online sports betting and financial spread betting firm Spreadex confirmed that it had indeed recently made a proposal to acquire LCG, and was rejected by LCG's board. Spreadex's offer was all-cash, at £0.30 (30 pence) per share, representing a 46% premium to…
Read moreFX platform provider Spotware has announced a number of updates and upgrades to its cTrader and cAlgo platforms. cTrader is Spotware's full STP trading platform, employed by brokers such as FxPro, MB Trading, and ThinkForex. cAlgo lets traders build trading cBots and custom technical indicators using C#. The updates include: Timer API If your strategy…
Read moreThe latest sale is part of the Central Bank of Russia's plan to totally exit its ownership stake in Moscow Exchange by 2016.
Read moreUK spreadbetting company London Capital Group (LON:LCG) has issued a press release (see below) denying rumors that it has been in acquisition discussions, other than with a group led by Charles Henri-Sabet. As we wrote earlier, Sabet and his group have offered LCG a £17.5 million lifeline in return for effectively taking control of LCG.…
Read moreBack in April, as reported on LeapRate, Gain Capital (NYSE:GCAP) announced its intentions to acquire UK-based Galvan Research. Founded in 2004 by Andrew Gibson, Jonathan Pinkney and James Pinkney, Galvan provides individual investors with professional advice and trading recommendations across a wide range of markets, including FX, individual equities, equity indices and other market sectors.…
Read moreUp more than 3% on the day Monday, the provider of payment services to the Forex and Binary options sectors sees its market cap top $500 million for the first time.
Read moreBY: Lois H Aring BROKER: OptionMint TOPIC: Withdrawal Complaint I was duped into depositing $45,000 with this Toronto based options brokerage by one of the senior brokers, by the name of Chad Williams. They are connected to a known internet scam artist in the USA. They are not real option brokers according to a local broker I spoke…
Read moreThe bad news? May, like the three months before it, was not very strong for the Retail Forex industry. The good news? It looks like June will show a nice upward reversal. In what is turning out to be a very up-and-down year volume-wise (although mostly down, so far, see graph below), Retail Forex brokers…
Read moreLeapRate has learned from industry sources that leading Dublin, Ireland based financial spreadbetting broker Shelbourne Markets is about to be acquired. Apparently Shelbourne has been holding sale discussions with a number of suitors, including a leading US-based forex brokerage, and several UK-based spreadbetting rivals. We understand that the likely buyer will be one of the…
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