LeapRate has learned that retail forex broker Saxo Bank has hired Ben Smoker away from rival Gain Capital Holdings Inc (NYSE:GCAP) to act as CEO of its ASIC regulated subsidiary in Australia, Saxo Capital Markets (Australia) Pty Ltd. Ben Smoker has been Country Head of Gain Capital Australia for the past three-plus years. He was previously in…
Read moreLeapRate has learned that retail forex broker Saxo Bank has hired Ben Smoker away from rival Gain Capital Holdings Inc (NYSE:GCAP) to act as CEO of its ASIC regulated subsidiary in Australia, Saxo Capital Markets (Australia) Pty Ltd. Ben Smoker has been Country Head of Gain Capital Australia for the past three-plus years. He was previously in…
Read moreFX industry technology solutions providers TradAir and Elysium Technology Group have announced a new alliance that brings a fully integrated, next generation front to back FX solution to the FX industry. Elysium, an innovator in post-trade technology, has integrated its middle and back-office solution for both FX traders and brokers called Mission Control with TradAir's cloud-based front-office e-FX trading…
Read moreThis article was written by Yael Warman, Content Manager at Leverate. At the turn of the millennium, when the tech bubble popped (propelled by the 9/11 terrorist attacks in New York City), my parents lost it all. Their hard earned money, their retirement, gone. Close to US$3,000,000 were depleted to a few hundred thousand. This…
Read moreKCG Holdings, Inc. Class A (NYSE:KCG) has published its April 2016 trading volume stats, showing flat activity in equity market making and a down month in its bond business. In Market Making, KCG averaged $26.0 billion dollar volume traded, 5.0 billion shares traded, and 3.6 million trades per day in U.S. equities. In Global Execution…
Read moreAustralia financial regulator ASIC has issued a warning against binary options broker comparison website Top Ten Binary Brokers, operating at toptenbinarybrokers.com. The company also operates Australia-focused sites at toptenbinarybrokers.com/au and toptenbinarybrokers.com/au2. ASIC is warning the public not to use the Top Ten Binary Brokers website to sign up for any of the binary option services advertised. Top Ten…
Read moreAustralia financial regulator ASIC has issued its annual Targeting Scams report as part of Australia's Consumer Fraud Week 2016. The report shows that losses reported to the ASIC's Scamwatch website from investment scams doubled in 2015. ASIC data indicates that a wide variety of scams, including investment and 'get rich quick' scams, continue to hit Australians.…
Read moreForex industry news at LeapRate this past week was headlined by results disclosures from a number of FCA regulated brokers. One thing our readers should note when looking at disclosed results of UK companies - some are real, some are not. What do we mean? Well some of the companies report their 'real' results, as…
Read moreStarting next Monday, May 16, US investors will be able to buy securities in early-stage companies through crowdfunding. Under new rules effective May 16, 2016 as part of the JOBS Act, the general public can invest in capital raising by start-up companies through crowdfunding, which generally refers to the use of the Internet by small businesses…
Read moreBart Burggraaf, Managing Partner at MediaGroup Worldwide takes an interesting look at the pros and cons of social media marketing channels for Forex brokers. It wasn’t too long ago I made the point that Social Media is the wrong channel to do advertising. The idea being that people are in content mode on social media,…
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