Category: Brokers

GLBR Chapter 11 bankruptcy approved
February 09, 2018 BY LeapRate Staff

Global Brokerage successfully exits bankruptcy, convertible notes replaced

FX brokerage holding company Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has announced that it has successfully completed its prepackaged plan of reorganization, and has emerged from Chapter 11 bankruptcy. The effective date of its prepackaged Chapter 11 Plan of Reorganization of was confirmed by Bankruptcy Judge Michael E. Wiles on January 22, 2018,…

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CySEC global FX clients
February 08, 2018 BY LeapRate Staff

CySEC demands notification and authorization from FX brokers taking clients from other countries

Continuing its efforts to clean up the domestic Retail FX sector, Cyprus financial regulator CySEC has issued a circular this morning entitled "Provision of investment and ancillary services and/or performance of investment activities in a third country". See full text below. Effectively, CySEC is cracking down on its domestic licensed FX brokers which take on…

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Gain Capital forex.com
February 07, 2018 BY LeapRate Staff

GAIN Capital's Forex.com has best month in over a year, January 2018 Retail FX volumes at $249 billion

After we reported last week that its institutional FX arm GTX had seen record trading volumes in January, FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has released its full metrics for the month indicating a very strong set of results for its Retail FX arm Forex.com. GAIN Capital's Retail FX volumes totaled $249 billion in January,…

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amas Szabo Pepperstone
February 07, 2018 BY LeapRate Staff

Exclusive: Tamas Szabo joins as director at Pepperstone UK

LeapRate Exclusive... LeapRate has learned via regulatory filings that Tamas Szabo (pictured above) has stepped onto the board of Pepperstone Limited, the FCA regulated subsidiary of leading Australia based Retail FX broker Pepperstone, as Pepperstone begins to expand its operations in the UK and Europe. As was exclusively reported by LeapRate, last October Pepperstone hired…

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LCG trading floor
February 06, 2018 BY LeapRate Staff

LCG shareholders approve LSE delisting, move to NEX Exchange February 14

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that at an LCG shareholder meeting held earlier today, the company's proposal to delist from the London Stock Exchange and move the company's share listing to the NEX Exchange Growth Market run by NEX Group PLC (LON:NXG) was approved. LCG's last day…

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