SFC fines
November 15, 2018 BY LeapRate Staff

Hedge fund Algointeractive and founders hit with $1 million fine

A federal court in New York has entered orders against Kevin P. Whylie of Ozone Park, New York, Matthew James Zecchini of East Islip, New York, and the New York hedge fund they co-founded, Algointeractive Inc(together, Defendants), to pay more than $1 million in civil monetary penalties and restitution.  The Court’s Orders resolve the Commodity Futures Trading Commission’s (CFTC) enforcement…

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Teddy Sagi Playtech
November 14, 2018 BY LeapRate Staff

Teddy Sagi nets $30 million selling Playtech stake down to 4.8%

For the first time since mid 2017, Playtech founder and (former) controlling shareholder Teddy Sagi has sold shares in the company. Regulatory filings in the UK indicate that Teddy Sagi's Brickington Trading Ltd holding company sold 5 million Playtech shares earlier this week, for proceeds of approximately £23.2 million (USD $30.2 million). The sale takes Mr.…

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Andreas Charalambous PrimeXM
November 14, 2018 BY LeapRate Staff

PrimeXM hires Andreas Charalambous as Head of Global Sales

Financial technology provider PrimeXM has announced that it has appointed Andreas Charalambous as its new Head of Global Sales, to work with both the sales and customer support teams and create a robust client user experience. We had reported exclusively last month that PrimeXM's (now former) head of sales Richard Bartlett had joined FX broker…

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Robert Shadforth Admiral Markets UK
November 13, 2018 BY LeapRate Staff

Robert Shadforth replaces Simon Roberts as ED of Admiral Markets UK

Estonia based Retail FX brokerage firm Admiral Markets Group AS has announced that it has hired Robert Shadforth to the position of Executive Director of its FCA regulated subsidiary Admiral Markets UK Ltd. LeapRate had reported exclusively back in July that Simon Roberts had resigned as Managing Director of Admiral Markets UK. He had joined the company in…

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ESMA Chairman targets asset managers for adequacy of liquidity concerns
November 13, 2018 BY LeapRate Staff

Beware of Revenue Share Deals with Liquidity Providers

Jeff Wilkins, Managing Director of IS Risk Analytics highlights the pitfalls for brokers of revenue share opportunities with Liquidity Providers, in a special guest post exclusive to LeapRate. As with any deal, if it seems too good to be true, it normally is. With many Liquidity Providers now offering revenue shares we are increasingly seeing…

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TechFinancials converts loan into Footies
November 13, 2018 BY LeapRate Staff

TechFinancials gets $867,000 payout from Asia Binary Options JV

Binary options turned blockchain technology company TechFinancials Inc (LON:TECH) has announced that it will receive in early December an $867,000 dividend payout from its 51% owned joined venture company DragonFinancials. DragonFinancials operates binary options broker websites in China and the Far East, one of the few regions where binary options are still being offered to…

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tom higgins dan picone gold-i australia
November 12, 2018 BY LeapRate Staff

MT4 tech specialist Gold-i opens an office in Australia

MetaTrader technologies and integration specialist Gold-i has announced that it has opened an office in Australia, headed up by FinTech sales and technology specialist, Daniel Picone (pictured above right alongside Gold-i CEO Tom Higgins). The new Sydney-based office is a significant development for Gold-i as it focuses on increased business opportunities amongst brokers in Australia and…

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tier1fx mt4 to fix api bridge
November 12, 2018 BY LeapRate Staff

Tier1fx and Fortex jointly launch MT4 to FIX API Bridge

Malta based FX broker Tier1fx has announced the joint launch alongside FX platforms and solutions provider Fortex of what it calls the first-ever MT4 to FIX API Bridge. The bridge helps connect the widely-used MT4 platform to the FIX API Server such that clients of all caliber can reap its advantages. Albert Galera, Chief Operating…

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forex broker life
November 12, 2018 BY LeapRate Staff

How to Win Big Trading Forex

The following article was written by professional blogger Lisa Smith. Lisa has written many articles in different niches including business finance. The trade war is beginning to wreak havoc on global supply chains but for Forex traders it has made things exciting. While this doesn’t mean that you can execute a handful of trades and then…

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equiti capital rebrand
November 12, 2018 BY LeapRate Staff

Exclusive: Divisa Capital rebranding as Equiti Capital

LeapRate Exclusive... LeapRate has learned that Divisa Capital, the institutional multi-asset prime brokerage arm of Equiti Group, is planning to soon announce a rebrand of the company to Equiti Capital - essentially dropping the 'Divisa' brand and uniting the company's identity under the 'Equiti' moniker. Currently the parent company Equiti Group operates its institutional business…

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