LeapRate Exclusive... LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated arm of Japan Retail FX giant GMO Internet Inc. (TYO: 9449), has more than tripled its Revenues in its first full year of operation in the UK. Still small by UK and its own standards as business still ramps up,…
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LeapRate Exclusive… LeapRate has learned via regulatory filings made in the UK and Singapore that PhillipCapital UK Ltd, which operates the FCA regulated FX and CFD brokerage which goes by the same name, has seen a significant drop in activity for the second year in a row in Fiscal 2017. (The company has a June 30 year…
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LeapRate Exclusive... LeapRate has learned that longtime Retail FX executive Joe Rundle has left his position as Director of Trading and Partnerships at ThinkMarkets, and joined Markets.com as its new CEO. Markets.com is the Retail FX brand name of CySEC licensed Safecap Investments Ltd., owned ultimately by Playtech PLC (LON:PTEC). Joe Rundle has been in the…
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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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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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LeapRate Exclusive... LeapRate has learned that Gain Capital Holdings Inc (NYSE:GCAP) has seen the departure of longtime Forex.com strategy and operations officer Alexis Webster. The London based Mr. Webster had been with GAIN Capital for seven years, serving as Senior Vice President of both Strategy and Operations for the company. He was responsible for commercial strategy…
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LeapRate Exclusive... LeapRate has learned that Saxo Capital Markets (Australia) Pty Ltd, the ASIC-licensed Australia arm of Copenhagen based multi-asset broker Saxo Bank, has hired Ariel Lao as its new Marketing Manager and Chief Experience Officer (CXO). Ms. Lao, a University of Melbourne graduate, joins Saxo Bank in Sydney from IG Group Holdings plc (LON:IGG), where she…
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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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LeapRate Exclusive... LeapRate has learned that Admiral Markets Group Chairman and controlling shareholder Alexander Tsikhilov has stepped down from the board of the company's London-based, FCA regulated subsidiary Admiral Markets UK Ltd. Dmitri Laus, Admiral Markets Group Supervisory Board Member and Co-owner provided the following comment on the matter to LeapRate: I can confirm that Alexander…
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LeapRate Exclusive... LeapRate has learned that longtime IG Australia research analyst and market strategist Chris Weston is following in the footsteps of his former boss Tamas Szabo, and has agreed to join rival FX broker Pepperstone. As was exclusively reported by LeapRate back in October, Pepperstone hired Tamas Szabo, former Australia office head of UK online…
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