NEX Group plc (LON:NXG), a financial technology company at the centre of the global markets, announced today that its EBS BrokerTec business which provides electronic trading technology and services to the foreign exchange (FX) and fixed income markets, will be renamed NEX Markets. The business is being renamed to further align with NEX. The new…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that Andrew Bud has resigned from the board of directors of Monecor (London) Limited, parent company of FCA-regulated Retail Forex and CFDs broker ETX Capital. Andrew Bud is founder and CEO of iProov, a London-based startup in the field of facial recognition and user…
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LeapRate Exclusive... LeapRate has learned that CySEC licensed retail forex broker FXPRIMUS has hired a new Head of Sales, in the person of Alex Holmes. Alex Holmes is joining FXPRIMUS after about a year at Windsor Brokers, where he was Sales Manager. Prior to joining Windsor Brokers last year Mr. Holmes spent seven years at…
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LeapRate Exclusive... LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK more than tripled its Revenues in 2016 to £3.8 million (USD $5 million). ThinkMarkets UK, via FCA regulated holding company TF Global Markets (UK) Limited, is the UK arm of Australia-based retail forex broker ThinkMarkets. ThinkMarkets set up its UK…
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New Zealand based retail forex broker Fullerton Markets has announced the hiring of ex-Bloomberg Strategist, Jimmy Zhu. Coming on board Fullerton Markets as Chief Strategist, Jimmy Zhu was at the aforementioned Bloomberg for the past three years, covering a wide range of topics which included Forex, sovereign bonds and economic data. He was previously an…
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Swiss forex broker Dukascopy has published its Annual Report for 2016, which includes some fairly interesting insights into the company's business, and its results over the past few months. The STP broker reported that for the full year 2016 Revenues were down 5% from 2015, coming in at CHF 33.2 million (and with the USD…
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Leading Australia-based retail forex broker Pepperstone has announced a series of margin / leverage changes for its trading clients, which will take effect later this week ahead of next Sunday's second round of voting to select a new President in France. According to Pepperstone, the election will be a major test for the European Union…
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LeapRate Exclusive Interview... It hasn't been easy running a Retail Forex brokerage lately. Regulatory changes, technology which is constantly changing, ever increasing competition... Continuing our series of discussions with various industry leaders, we are pleased to present our recent conversation with Olga Rybalkina, CEO of CySEC regulated FXTM. Olga has quite a lot to say…
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LeapRate Exclusive... It looks like the folks at CySEC have been busy. And, despite CySEC's introduction late last year of more strict rules governing the operations of retail forex brokers - e.g. no bonuses, limited leverage, call center location... - the desire for brokers to become licensed in the EU via Cyprus remains in high…
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Japanese online trading company Monex Group Inc. (TYO:8698) just announced its financial results for fiscal year ended March 31, 2017. The highlights are: Japan segment Segment profit of JPY 1,768M, which is 70% decrease YoY in FYE Mar. 2017, due to decrease in stock and FX trading volume and increase in costs for parallel operation…
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