LeapRate Exclusive... LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated arm of Japan Retail FX giant GMO Internet Inc. (TYO: 9449), has more than tripled its Revenues in its first full year of operation in the UK. Still small by UK and its own standards as business still ramps up,…
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LeapRate Exclusive… LeapRate has learned via regulatory filings made in the UK and Singapore that PhillipCapital UK Ltd, which operates the FCA regulated FX and CFD brokerage which goes by the same name, has seen a significant drop in activity for the second year in a row in Fiscal 2017. (The company has a June 30 year…
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The U.S. Securities and Exchange Commission announced charges against Wedbush Securities Inc. for failing to supervise employee Timary Delorme after the broker-dealer ignored numerous red flags indicating that Delorme was involved in a long-running pump-and-dump scheme targeting retail investors. Delorme agreed to settle fraud charges stemming from the same scheme. This is the second SEC…
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Retail and Institutional FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has issued a formal statement following this morning's news that pan-European financial regulator ESMA is following through on plans to ban Binary Options and (more importantly) cap leverage in Forex and CFD trading to 30x. GAIN Capital operates the retail Forex.com and City Index brands,…
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Retail FX broker FXCM Group has announced that it has joined the FastMatch FX Tape. Launched by FastMatch, a Euronext NV (EPA:ENX) company, the FX Tape is a centralized streaming service that provides real-time last trade data to all subscribing market participants. The underlying trade data is comprised of a diverse group of participating segments…
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More than a month and a half after the close of its public consultation period - and despite receiving a tremendous amount of pushback from both online brokers and traders from across the continent - pan-European financial regulator ESMA today released its final proposals to govern leveraged trading, which remain unchanged from its original proposals.…
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Online trading services provider AT Global Markets Limited (ATFX) has announced its third office launched since its entry into Southeast Asia in 2017 with the launch of a new office, AT Global Markets Malaysia, in Austin Heights, Johor Bahru. ATFX looks to continue to accommodate rapid growth and leverage the diverse high-technology talent pool, having…
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More than six months after she was arrested and placed under house arrest after disembarking a plane from Tel Aviv to New York at JFK airport, former Binary Options executive Lee Elbaz is now formally facing an indictment. The U.S. Department of Justice has announced that Ms. Elbaz, the former CEO of Israel-based company Yukom…
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Your Weekly Trading Review by UFX.com – Sunday, March 25, 2018 Here are some of this past week’s leading economic news and events that affected the financial markets: Weekly Market Brief The EUR/USD rose by +0.41%, closing at $1.2353. The GBP/USD increased by +0.26%, closing the week at a £1.4132 exchange rate. Gold increased by +1.69%as of…
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Who did Markets.com hire from ThinkMarkets to be its new CEO? How much money did Retail FX brokers Z.com Trade, and eToro, each raise? And why? What drove IG Group's record Revenues this past quarter? Who is the new Head of Marketing at Leverate? Answers to these questions and a whole lot more appeared exclusively…
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