LeapRate Staff
LeapRate Analyst
December 10, 2014 BY LeapRate Staff

eToro raises $27 million from China's Ping An and Russia's Sberbank

Confirming our earlier post on the matter, retail forex broker eToro has successfully raised $27 million from units of China’s Ping An and Russia’s Sberbank. Current investors Spark Capital and BRM also participated in the financing. The round also includes a credit facility from Silicon Valley Bank. Industry sources tell LeapRate that the financing was done at…

Read more
December 10, 2014 BY LeapRate Staff

JP Morgan reduces holdings in Plus500 to just under 5%

LeapRate has learned from regulatory filings with the London Stock Exchange that investment house JP Morgan has reduced its holdings in CFD broker Plus500 (PLUS.L) to just under 5% of the company's outstanding shares. As of December 9, JPM's holdings in Plus500 were reduced to 5,738,332 shares (worth about £31.7 million), down from 6,710,399 shares held previously.…

Read more
December 10, 2014 BY LeapRate Staff

smartTrade expands in APAC region with new Singapore office

smartTrade Technologies, a global leader in sophisticated cross-asset trading solutions for buy and sell side financial institutions, announces its ongoing expansion into the Asia Pacific region with the opening of a new office in Singapore. Already serving the Asia Pacific region via its Tokyo office, smartTrade has seen the need to increase its local presence…

Read more