However, the FCA noted that there is no reciprocal “TPR” arrangement from the EU, for UK firms looking to continue doing business with EEA clients. How might this temporary permissions regime look? What else is concerning the FCA at this stage, less than nine months before a Hard Brexit might take hold? The full text of Nausicaa…
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LeapRate Exclusive Interview... We're pleased to speak today with Barry Flanigan, Head of Electronic Trading Solutions at IS Prime, to find out more about his views on the issues facing Retail FX brokers, and of course what's going on with IS Prime. LR: Hi Barry, and thanks so much for joining us today. First off,…
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FCA regulated Prime of Prime brokerage Stater Global Markets has announced that it has added Gold-i Matrix Net as an additional liquidity distribution channel to help drive further growth. This latest development extends Stater’s partnership with Gold-i, making Stater’s liquidity available to brokers worldwide who use Gold-i’s Matrix, MT4 Bridge and MT5 Gateway products. Ramy…
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The following article was written by ATFX Chief Analyst of Asia Pacific, Martin Lam. Last night, Federal Reserve Chairman Powell attended the hearing. He said that the US economy has maintained strong economic growth in the first half of the year and welcomed the Fed’s continued “gradual” rate hike, which is a hawkish remark. Although…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated financial and sports spread betting company Spreadex saw significant top line Revenue growth of 17% in its latest Fiscal year ended May 31, 2018. That, following a 2017 year where Revenues were flat. Overall, Spreadex brought in £58.9 million in Revenue in 2018, as noted up 17%…
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London based online brokerage leader IG Group Holdings plc (LON:IGG) and financial connectivity solutions provider PrimeXM have announced a new strategic collaboration and technology partnership. The parties stated that this partnership will deliver unique capabilities and solutions for traders and institutional clients globally and allows both organizations to expand their unique value proposition and further bolster…
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The following article was written by FXTM staff writer Natasha Keary. On a breezy morning in Sennen Cove, Cornwall, FXTM Brand Ambassador and UN Patron of the Oceans, Lewis Pugh prepares for the toughest swim of his life. The challenge ahead of him is a world-first – a cold, 560 kilometre swim of the entire…
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China-based Bitcoin mining leader Bitmain is apparently looking to aggressively increase its R&D hiring, including a push to significantly grow its high-tech offices in Israel, where the company currently has about 15 employees. Israel business news source Globes is reporting that Bitmain representatives have informed that the company is actively looking to add 40 employees…
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Forex Industry News this past week at LeapRate was a combination of key executive moves, M&A, and fundraising. Which FCA regulated brokers raised money, ahead of new ESMA regulations which become effective in a few weeks' time? Which was the latest business sold by Saxo Bank, which is clearly realigning its operations ahead of a…
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Retail FX brokerage group eToro has announced the appointment of Lord Stanley Fink as Special Adviser to the business globally. The company said that Lord Fink will advise eToro as it sees increasing interest in cryptoassets from institutional investors around the world. He will take on a part-time role working closely with eToro’s management including co-founder…
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