LeapRate Exclusive... LeapRate has learned that Cyprus financial regulator CySEC has granted a CIF license to a new company called RZT Capital Ltd, with plans to launch as a Retail FX broker. RZT Capital is owned by Jin Liu, an Australia-based Chinese national who has been a Manager at ASIC regulated Ruizean Group for the…
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LeapRate Exclusive... LeapRate has learned that Sydney, Australia based Retail FX broker AxiTrader has grown its FCA regulated UK operation, AxiCorp Limited, by more than 40% in Fiscal 2017. AxiCorp has a June 30 fiscal year end. Revenues at AxiTrader UK were £3.0 million (USD $4.0 million) in fiscal 2017, up 41% from £2.1 million…
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LeapRate Exclusive... LeapRate has learned that AI based solutions provider ArtuData has been accepted to join the NERVANA Artificial Intelligence startups program run by technology giant Intel Corporation (NASDAQ:INTC). ArtuData is already a member of Amazon’s Startup Program and the Google Startup program. Intel recently launched the unique program for companies developing promising Artificial Intelligence technologies…
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SaaS-based buy and sell-side trading solutions provider LiquidityBook has announced the opening of a new London office at 138 Holborn in Waterhouse Square. The firm, which reported that it has onboarded eight new fund manager clients in London since July, will use the new office to support its continued expansion in the region as demand for…
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UK online trading leader IG Group Holdings plc (LON:IGG) today issued a Trading Update ahead of entering its close period following the end of the first half of its fiscal 2018 year. IG Group has a May 31 fiscal year end, so its first-half 2018 results are for the six month period ended November 30,…
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The U.S. Securities and Exchange Commission has announced charges against a Seattle-area outdoor digital signage advertising company and two of its senior executives, over the theft of more than $2 million from retail investors. According to the SEC’s complaint filed in U.S. District Court in Seattle, Digi Outdoor Media Inc.’s former chief executive officer Donald…
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Regulatory filings made with US securities authorities indicate that two co-founders and original senior members of FXCM’s management team – Drew Niv (pictured above) and David Sakhai – have continued selling their remaining shares of Global Brokerage Inc (NASDAQ:GLBR), after recently converting their special “units” into regular Class A common shares of Global Brokerage. FXCM's founders, and several other members…
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The U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) has issued the results of a rule enforcement review at the Chicago Board of Trade, Chicago Mercantile Exchange, Commodity Exchange, Inc. and New York Mercantile Exchange, Inc. that recommends the exchanges reviewed make certain improvements as noted below. The Division reviewed the Chicago Board…
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Teufen, Switzerland based financial blockchain corporation Finom AG has announced plans to raise up to $101 million, to create world’s first blockchain-based platform to reduce financial markets entry barriers and provide Artificial Intelligence advising. Finom stated that its $101 million tokenized equity offering will be executed pursuant to Regulation D of the U.S. Securities Act of…
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The following article was written by Adinah Brown, content manager at Leverate. In the 1970s and 80s, Eurobonds was the focus of discussion for wily investors jumping on the latest financial bandwagon. Today, it’s cryptocurrencies. Any investor worth their salt cannot failed to pick up on the buzz surrounding this new technology and the rush to…
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