Shortly after receiving an indicative conditional proposal from The Western Union Company (NYSE:WU) for all of its issued share capital, Ozforex Group Ltd (ASX:OFX) has agreed to engage in further acquisition talks on exclusive basis to progress the proposal. Under the proposal, Western Union will acquire 100% of the shares of OzForex for an all cash…
Read moreThe Financial Conduct Authority (FCA) keeps the list of warnings against unauthorized investment firms targeting UK investors growing. The UK regulator earlier today issued one more warning against such a firm – UTMarkets, aka United Trading Markets, operating via www.utmarkets.com. The company, offering Forex trading services, says its office is in Bulgaria and that it…
Read moreThe Cyprus Securities and Exchange Commission (CySEC) today announced the official start of compensation payments to clients of retail Forex broker FXPulp, aka Pulp International Business Ltd, which had its license withdrawn in April this year. The payments will be conducted and organized by the Investor Compensation Fund for Clients of Investment Firms (the I.C.F). The…
Read moreCLS Group (CLS), a provider of risk mitigation and operational services for the global Forex market, and Markit Ltd (NASDAQ:MRKT), an international provider of financial information services, today announced the launch of a new Forex settlement service for the cross currency swaps market. The new service, built in consultation with major financial institutions in the…
Read moreA themed inspection by the Central Bank of Ireland (CBI) has shown that the vast majority of CFD traders incur losses. The check consisted of a desk based review of all active investment and stockbroking firms providing CFD products (including spread betting) which are regulated by the Central Bank or operating in Ireland on a…
Read moreDubai Gold & Commodities Exchange (DGCX) on Tuesday announced that it is accepting applications for Designated Market Maker Status in a set of contracts, including 18 currency futures contracts. The DMM Scheme will run for a period of 12 months, starting from April 1, 2016 to the close of business on the March 31, 2017.…
Read moreA follow-up to LeapRate's earlier report about the partnership between multi-asset trading and investment specialist Saxo Bank and Georgian investment firm JSC Galt & Taggart... The new partnership is officially announced by Saxo today. The collaboration will be celebrated at an event in Tbilisi today, November 25th, with Saxo Bank’s co-founder and co-CEO Lars Seier Christensen…
Read moreAfter revising its margin requirements for a set of currency pairs with the New Zealand dollar (NZD) earlier this month, Japanese Forex broker Arena-FX is again changing the trading conditions for these pairs – this time, in a favourable direction, as margin requirements are relaxed. As of November 30, 2015 (Monday), Arena-FX will be cutting the…
Read moreForex and CFD broker Plus500 Ltd (LON:PLUS) has just reported one more transaction in its shares. On Tuesday, November 24, 2015, Mr. Charles Fairbairn, a non-executive director of Plus500, purchased 69,747 ordinary shares of NIS 0.01 each in the broker at a price of 349.3 pence per share. In addition, his wife - Susan Fairbairn,…
Read morePaysafe Group Plc (LON:PAYS), formerly known as Optimal Payments, today confirmed its plans to list its ordinary shares on the premium segment of the Official List of the UK Listing Authority and to have them admitted to trading on London Stock Exchange's Main Market. The company expects that its shares will be admitted to the…
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