Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) completed what was a very up and down year in 2017 by reporting that Q4 Revenues were down 25% from Q3, coming in at HK$136 million (USD $17.4 million). The company just about broke even on the bottom line, with Q4 Net Profit of…
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LeapRate Exclusive... LeapRate has learned that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license. The company plans to launch an FCA registered brokerage, to be based in Canary Wharf, London. DTT UK is expecting to launch in the summer…
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Copenhagen based multi asset broker has continued its global expansion and, in particular, its growth in China and the Far East with a new partnership announced today with Valuable Capital Group, part of Chinese online media giant SINA Corp (NASDAQ:SINA). The new partnership comes just several days after Saxo Bank appointed a new China CEO, hiring…
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New European broker FX88 has announced that it has added Spanish and Polish languages to its website, amid demands for trading in these regions. In line with its brand-new website, FX88 now provides trading information in three languages. Founded on knowledge, expertise and a passion for trading the markets, the FX88 team stated that it…
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Retail forex broker FXCM Group, LLC has just announced the expansion of their suite of API offerings with the launch of its REST API and Python Wrapper. FXCM now offers FREE access to four APIs that each directly connect to FXCM’s trading server. With the new FXCM REST API, users can easily integrate using popular…
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LeapRate Exclusive... LeapRate has learned that CySEC CIF license holder Harborx Ltd, which operated at harborx.com, has been acquired by a company called Ayers Alliance Financial Group Limited, with the CySEC licensed company now renamed from Harborx Ltd to the aforementioned Ayers Alliance Financial Group Limited. The company has launched a new site focused on asset…
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FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has issued a brief clarification to its Q4 and 2017 full year financial results, which were released last week. GAIN Capital, which operates the retail Forex.com and City Index brands and the institutional GTX business, stated that it wishes to clarify its prior statement regarding the impact…
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Further to their announcement back in September 2017 that they would work together to provide solutions to the Italian online trading market, Italian bank Banca Generali SpA (BIT:BGN) and Copenhagen based online trading giant Saxo Bank have announced that they have signed an agreement to offer a unique range of digital and global trading services. The companies…
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Good news, bad news. Or actually, the other way around. FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the retail Forex.com and City Index brands and the institutional GTX business, has reported its results for the fourth quarter of 2017, indicating a significant slowing of its business during Q4. That's the bad news.…
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LeapRate Exclusive... For the first time in a long time, Teddy Sagi is no longer the largest shareholder in Playtech PLC (LON:PTEC). LeapRate has learned via regulatory filings that US investment management giant T. Rowe Price Group Inc (NASDAQ:TROW) has significantly increased its position in Playtech over the past week, from about 5% to just over 10.2%.…
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