Mike Fox
LeapRate Analyst
March 24, 2016 BY Mike Fox

Two years after launch FxPro set to discontinue branded debit card

FxPro, one of the leading global Forex brokers headquartered in the UK with operations also in Cyprus and regulated by both the FCA-UK and CySEC just two years ago launched a branded debit card system for clients in which traders could withdrawal funds on. The Mastercard enabled debit card allowed clients global spending abilities and ATM cash withdrawals of funds instantly.…

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March 22, 2016 BY Mike Fox

Cürex Group and State Street’s FX Connect partner to integrate the Cürex ECN for buy-side

Cürex Group, the buy side forex client-focused execution services and data analytics company, today announced it entered into an agreement with FX Connect, State Street’s multi-counter party trading system and a market leader in end-to-end FX execution services. As a result of this new agreement, Cürex has become an execution destination accessible via FX Connect, allowing…

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March 22, 2016 BY Mike Fox

Edgewater Markets raises $30 million to enhance Forex trading aggregation platform

Edgewater Markets, a NYC headquartered industry leader in electronic forex aggregation and distribution to global institutional clients, today announced the company has raised a $30 million growth equity minority investment led by FTV Capital. This first institutional capital raise will be used to enhance the company’s technology platform, grow the sales team and expand its…

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March 22, 2016 BY Mike Fox

KPMG deployed to monitor Malta based broker Tier1FX's agency execution

Tier1FX, the STP-DMA agency model broker regulated by the Malta Financial Services Authority, is pleased to announce that KPMG in Malta has been engaged to review its offering in FX and CFDs. Having examined its trading execution system and tested a representative sample of transactions in 2015, the resultant report has confirmed that these trades…

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March 21, 2016 BY Mike Fox

Exclusive: Interview with FinTech company PineByte on acquiring FX Junction

Last week LeapRate brought first reports of a deal between little known Slovakian FinTech holding company PineByte acquiring the largest social network website of forex traders in USA based company FX Junction.  PineByte bills itself as "A provider ​of innovative technologies in the financial sector" and will provide significant more IT resources available to the FX…

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March 16, 2016 BY Mike Fox

London based Forex broker XTB.com adds new director

Today we learned from official filings that London based Forex brokerage XTB Limited, the operator of XTB.com has appointed a new director in Marcus James Ford, an FX industry veteran of many years. This brings the total count of current directors to three at XTB Limited. Mr. Ford most recently served as a director at OANDA Europe from…

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