LeapRate Exclusive Interview... While the story of every company and how it got to where it is may be different, that of CrescoFX is certainly unique carving a path from Canada to central Asia and then back to Europe. We reported exclusively last month on CrescoFX becoming the latest in a string of foreign based…
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LeapRate Exclusive... A new Binary Options peer-to-peer trading platform called Betex is planning to launch and - like many new companies which are basing their execution on blockchain technology - is looking to fund itself via an ICO. Betex aims to be a leading-edge platform for P2P financial derivatives trading. It enables users to place…
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LeapRate Exclusive... LeapRate has learned that two senior FX sector executives in the London office of global banking giant UBS AG (SWX:UBSN) have left, to form their own consultancy serving brokers and large FX and fixed income trading entities on both the buy and sell side. The two are Richard Longmore, Managing Director and Head…
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LeapRate Exclusive... LeapRate has learned that Simon Bird, who was COO of spreadbetting broker City Index for six years ahead of City Index's 2015 acquisition by Gain Capital Holdings Inc (NYSE:GCAP), is "back in the game" joining the board of Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, once one of the…
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LeapRate Exclusive... LeapRate has learned that institutional boutique FX broker CrescoFX has successfully obtained a license from the FCA in the UK for its subsidiary Cresco Capital Markets (UK) Limited, with plans to expand both its institutional and Retail brokerage operations. The license was formally granted back on August 1, 2017. CrescoFX was established in…
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LeapRate Exclusive Interview... We often begin interviews with leading FX industry figures with a lengthy "setting the stage" intro. But not here. Following this weekend's news of the Chapter 11 reorganization filing by Global Brokerage Inc (NASDAQ:GLBR), we're just as curious as our readers to hear directly the people leading FXCM Group, in which GLBR owns…
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LeapRate Exclusive... Watch out FCA regulated FX and CFD brokers, here they come. LeapRate has learned that Betfred's new entrant in the FX and CFD brokerage space, TradeFred, is expanding with a soon-to-be-launched EU regulated entity in Cyprus. TradeFred has also already expanded its international footprint with a live operation in Australia. And, the company…
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LeapRate Exclusive... LeapRate has learned that emerging markets focused institutional FX broker R5FX has hired Chris de Sibert as its new Global Head of Business Development. Mr. de Sibert joins R5FX after eight years at HSBC in London. For the past four years he has been Managing Director - Foreign Exchange and Commodities Sales at HSBC's Global Banking…
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LeapRate Exclusive... LeapRate has learned that FCA regulated FX and CFDs broker Walbrook Capital Markets Limited has been renamed ITI Capital Limited. Beyond its formal company name, the company's operating brand has also been changed, from Walbrook Capital to ITI Capital. However, at least for the time being, the broker's website url remains at walbrookcapitalmarkets.com.…
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LeapRate Exclusive... LeapRate has learned that performance marketing technology services provider Cellxpert, and London based Artificial Intelligence tech company ArtuData, have agreed on a partnership to jointly develop AI tools to increase user acquisition. Cellxpert currently services over 100 digital-consumer (mainly financial) businesses including a number of FX and CFD brokerages. Google and Amazon backed ArtuData specialises in…
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