LeapRate Exclusive... It has been quite the launch. LeapRate has learned that Investoo Ltd, which launched in late 2016 as a Forex broker (and later Cryptocurrency) affiliate and lead generation company has indeed grown quite rapidly, generating £13.8 million (USD $18.0 million) in Revenue in its first full year of operation. (The period covered is…
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LeapRate Exclusive... LeapRate has learned that Simon Roberts has resigned as Managing Director of FCA regulated Retail FX brokers Admiral Markets UK Ltd. Admiral Markets UK is the UK arm of Estonia based FX and CFDs broker Admiral Markets Group A/S. Simon Roberts joined Admiral Markets UK in early 2017, from CySEC-licensed broker Windsor Brokers…
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LeapRate Exclusive... LeapRate has learned that FX liquidity and prime brokerage services provider IS Prime, part of ISAM Capital Markets, has embarked on a campaign which is seeing it offer negative balance guarantees to Retail FX brokers, on a case by case basis. The FCA regulated Prime of Prime brokerage has apparently developed this offering following requests…
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LeapRate Exclusive Interview... In our continuing series of discussions and interviews with leading figures in the Retail and Institutional FX trading scene ahead of pending ESMA rule changes (now just a week away!), we're pleased to speak today with Hayel Abu-Hamdan, Director and COO of London based Hantec Markets. What is Hantec Markets's approach to…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Boston based investment management giant Fidelity Investments, through its FMR LLC subsidiary, has recently sold down some of its stake in online gaming and financial trading provider Playtech PLC (LON:PTEC). Fidelity was one of Playtech's largest shareholders with a 5.06% interest in the company, worth about £82…
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LeapRate Exclusive Interview... We're pleased to speak today with Barry Flanigan, Head of Electronic Trading Solutions at IS Prime, to find out more about his views on the issues facing Retail FX brokers, and of course what's going on with IS Prime. LR: Hi Barry, and thanks so much for joining us today. First off,…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated financial and sports spread betting company Spreadex saw significant top line Revenue growth of 17% in its latest Fiscal year ended May 31, 2018. That, following a 2017 year where Revenues were flat. Overall, Spreadex brought in £58.9 million in Revenue in 2018, as noted up 17%…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that global Retail FX brokerage group ATFX has invested an additional £2 million (USD $2.6 million) of capital into its FCA regulated UK business, AT Global Markets (UK) Limited. The investment comes as the company is ramping up operations and personnel in London, ahead of continued planned…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail and Institutional FX and CFD brokerage Valutrades has hired Harry Campbell-Lamerton as the company's new Chief Operating Officer (COO). Harry Campbell-Lamerton joins Valutrades in London with over 10 years of experience in FX brokerage and Prime of Prime services. Most recently, he worked at the UK…
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LeapRate Exclusive... LeapRate has learned that FCA regulated AT Global Markets (UK) Limited, which operates the ATFX online trading brand in the UK, has added Julian Courtney to its Board of Directors as a non-executive director. Mr. Courtney’s appointment is pending regulatory approval. He will have particular responsibility for providing oversight and independent advice to the…
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