LeapRate Exclusive... LeapRate has learned that FCA regulated FX broker solutions provider Finotec Trading UK Limited has posted a loss in its latest financial year of 2017, amidst what seems to be a second major shift in strategy at Finotec in as many years. The previous year (2016), Finotec indicated that it was busy building…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that it will begin to offer CFD Options on a range of option roots, covering puts and calls on 15 of the world’s largest stock indices. CFD Options are OTC instruments based on Exchange Traded Index Options. They can help diversify a portfolio, as…
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The "ESMA effect" is certainly beginning to be felt by some of the leading Forex and CFD brokers. FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has issued a Trading Update for Q3, indicating that Revenues fell by 40% from the previous quarter to $100.1 million (and were just about a third of record Q1 revenues…
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LeapRate has learned via regulatory filings that Paris based asset manager Boussard & Gavaudan has sold down its equity position in online gaming and financial trading company Playtech PLC (LON:PTEC) from 9.1% to 4.8%. Boussard & Gavaudan holds its entire Playtech stake in the form of CFDs. Its 15.28 million Playtech CFDs are worth approximately £67.7 million…
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Moscow based Retail FX dealer Forex Club has announced that the number of Forex Club clients was over 1,000 in October 2018. Pavel Karyagin, CEO of the Russian regulated forex dealer stated: The rising number of clients shows we have chosen the right marketing strategy, while people have more trust to a licensed and regulated…
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Following our exclusive report from Tuesday that Australian Retail Forex broker Direct FX was placed into liquidation with Deloitte named as administrator, it came as no surprise that today regulator ASIC announced that it was fully canceling Direct FX's AFS license. ASIC had first suspended Direct FX's license back in April. What was somewhat surprising,…
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Retail FX broker Markets.com, part of FTSE 250 group Playtech PLC (LON:PTEC), has announced the launch of ‘Live Sessions’, a new in-platform live streaming service aimed at keeping traders around the world up to speed with what’s going on in the markets with unique insights and analysis from a wide range of trading experts. To mark…
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LeapRate Exclusive... LeapRate has learned that embattled Australia based Retail FX broker Direct FX Trading Pty Ltd has been placed into liquidation. The move became effective as of October 11. Jason Tracy, a Partner in the Financial Advisory group of Deloitte's Restructuring Services arm in Australia was named as Liquidator. The liquidator's plans are apparently to…
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Estonia based Retail FX brokerage firm Admiral Markets Group AS has announced that over 300 financial instruments that have been exclusively accessible to Admiral Markets Pro users are now available to all Retail clients with Admiral.MT5 accounts. The latest additions to the company's range of commodity CFDs now allow Retail traders to take leveraged exposure…
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Another major institutional player has taken a large bet on online gaming and financial trading company Playtech PLC (LON:PTEC), with regulatory filings showing that US banking giant JP Morgan has picked up an effective 6.41% stake in Playtech over the past few days, JP Morgan's stake consists mainly of a series of cash-settled equity swaps, plus…
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