LeapRate Exclusive... LeapRate has learned that London based Retail FX group GKFX has gone outside the company to hire a new CEO, to replace its recently departed chief executive Brian Myers. Joining GKFX as its new CEO is Rob Woolfe, formerly a co-founder and CEO of UK/Cyprus spreadbetting firm Capital Index. We expect the company…
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The following article was written by Reem Aboul Hosn, Research and Market Analyst Officer at Credit Financier Invest (CFI) Ltd. It has been a turbulent few weeks for Crude Oil prices, surging to their highest in over three years at USD 73 a barrel, shortly to slump back erasing USD 8 gains with prospects of…
Read moreWhy is the Playtech acquisition of Alpha Capital Markets likely to be completed at a much lower valuation than the previously advertised $150 million? Which business line did GAIN Capital shutter? Will ESMA's binary options ban and CFD leverage cap, set to come into effect this summer, apply to non-EU clients of EU brokers? How…
Read moreTaking an interesting twist on sports investing, Switzerland based online trading group Swissquote Group Holding SA (SWX:SQN) has launched a Football Fever Certificate, allowing investors access to a basket of listed companies comprised of World Cup sponsors and European football clubs. The Football Fever Certificate can be traded on the Swiss stock exchange (SIX), under the…
Read moreLeapRate Exclusive... LeapRate has learned that Copenhagen based Retail FX broker Saxo Bank has added another member to its senior management team, hiring longtime Nordea executive Oliver Zecevic as the company's new Head of Operations. Oliver Zecevic had been with Nordea for his entire working career, joining the Danish based banking and financial group out of…
Read moreFollowing a fairly slow April, FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) saw a healthy uptick in activity in May. Retail FX volumes were up by 9% MoM to $243.3 billion at the company's FOREX.com and City Index brands, or $11.1 billion in average daily volumes. Institutional volumes at GAIN's GTX brand soared by…
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The following article was written by AMarkets, a St. Vicent & the Grenadines (FSA) regulated global forex broker established in 2007. For thousands and thousands of years, gold was the only form of money that existed. Today, there is an intense debate if gold is money or not. Technically speaking, it isn’t. Central banks in…
Read moreIn a month where some of the world's leading Retail and Institutional FX brokers were setting volume records, Copenhagen based brokerage group Saxo Bank reported its third volume decline in a row. Overall, May 2018 trading volumes came in at a daily average of $17.6 billion at Saxo Bank, down slightly from $17.7 billion in…
Read moreB2Broker, a liquidity and technology solutions provider for the crypto and FX brokerage industry, has announced that it has reached a further milestone in its expansion plans with the launch of its new Cyprus office. The new office will house a specialised technical support team aimed at servicing its clients across the European region. Cyprus…
Read moreLeapRate Exclusive... LeapRate has learned that FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has decided to discontinue its international money transfer business. The service was being offered only in the UK. GAIN Capital first announced plans in early 2016 to launch a separate money transfer business under the separate brand and website ForeignExchange.com. The business…
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