Continuing its international expansion and clear plans to grow in Europe, China based Retail FX brokerage group TigerWit has announced that it has acquired Mercor Index, the UK based and FCA regulated broker set up by longtime London Capital Group Holdings plc (LON:LCG) CEO Simon Denham. Mr. Denham set up Mercor Index in 2015 after Charles-Henri…
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The following article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. Blockchain technology is probably the biggest buzzword of 2017, and…
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Broker technology and platform solutions provider Leverate has reported that over the course of 2017, trading volume for the Bitcoin-US Dollar currency pair BTCUSD grew exponentially, eventually superseding the volume of all other individual forex pairs at brokers running its platform. Furthermore, this growth of interest in Bitcoin CFDs has contributed to increasing the cumulative…
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LeapRate Exclusive... LeapRate has learned that Pepperstone senior executive Phil Horner has departed the company, in what seems to have been something of an internal power struggle at the Melbourne, Australia based Retail FX broker. Mr. Horner had spent six years working his way up the ranks at Sydney based ASIC licensed broker AxiTrader, joining…
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Ambitious even by cryptocurrency standards, ICO boutique firm Chaineum has announced the launch of a planned €300 million ICO for Money by Design (moneybydesign.io). Money By Design’s stated purpose is to launch what it calls the first real digital currency in history - by reassessing the uses of money for more fluid transactions and virtuous socio-economic…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that it plans to hold a shareholder vote on delisting the company’s shares from trading on the London Stock Exchange AIM market on February 6. When LCG originally announced its plans to delist from the LSE in late December,…
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Israel TV news outlet Ten News (10.tv) has reported that investigators from the FBI's financial fraud unit have arrived in Israel, as part of their investigation of Lee Elbaz. Lee Elbaz was arrested in September in New York's JFK airport after arriving on a flight from Israel, and has been held since under house arrest…
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The following article was written by Adinah Brown, content manager at Leverate. Oh, great… more regulations—just what the financial markets need. However, MiFID II and GDPR, due to come into force early 2018, are likely to change the financial landscape for the better. The GDPR, or General Data Protection Regulation to give its full title, is…
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After seeing a healthy comeback in trading volumes during November, Retail FX broker FXCM Group has reported that December activity dipped by 22% to $171 billion - the company's slowest month since at least 2015. Average customer trading volume per day came in at $8.6 billion in December 2017, 13% lower than November 2017 (with…
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Your Weekly Trading Review by UFX.com – Sunday, January 7th, 2018 EU Zone Enters 2018 with Good Results The Markit's Final Composite Purchasing Managers' Index, which tracks the growth of the EU zone announced excellent results for the year. The report rose to its highest value since February 2011. EU ended 2017 with its strongest growth in…
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