LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA licensed FX and CFDs broker IKON Finance Limited saw a drop in Revenues as well as a net operating loss in 2016, ahead of the company's sale of its Retail FX clients to rival broker Hantec Markets after year-end. As was exclusively reported by LeapRate…
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LeapRate Exclusive... LeapRate has learned from regulatory filings that ETX Capital had a fairly poor year in 2016, following a shift in strategy to refocus on what the company called premium customers, and away from pay-away and introducer-led channels, including China. The filings were made by FCA regulated Monecor (London) Limited, which operates the ETX…
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LeapRate Exclusive... Continuing a fairly wide ranging turnover in senior management, LeapRate has learned that Abu Dhabi based brokerage group ADS Securities has seen the departure of longtime Chief Marketing Officer Andreas Lazarou. Andreas Lazarou has been with ADS since 2013, first as Director of Marketing and later being promoted to CMO. He had joined ADS…
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LeapRate Exclusive Interview... There are very few people anywhere who have been been following and analyzing FX markets longer than Marshall Gittler. And there are probably even fewer people who have the benefit of Marshall's wide perspective on the FX industry itself, from the vantage point of the buy side, sell side, Retail FX brokers, Europe,…
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LeapRate Exclusive... LeapRate has learned from industry sources that there have been a number of (additional) changes on the board of directors of Monecor (London) Limited, which operates FCA regulated online trading brokerage ETX Capital. Two of the company's non-executive directors, Mark Preston and Claire Hafner, have resigned. Mark Preston is the former Chairman and…
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LeapRate Exclusive... LeapRate has learned from several industry sources that Eurex Group, a unit of Deutsche Boerse AG (FRA:DB1), has been experiencing some serious latency issues in the execution of orders in several of the exchanges which it runs, including its main derivative exchange. Eurex's European Energy Exchange (EEX), Eurex Bonds and Eurex Repo are apparently not…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that AJF Financial Services Ltd, a Cyprus based investment group which operates a number of Retail FX, CFD, and Binary Options trading websites, has renounced its CySEC CIF license and will no longer regulated on the island. AJF first received its CySEC CIF license (number 295/16) in February…
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LeapRate Exclusive... LeapRate has learned that leading Australia based Retail FX broker Pepperstone has launched a new forex news, analysis and educational resources website called The FX Lounge, at thefxlounge.com. Quietly launched in the Spring, Pepperstone has spent the past few months building up content on the site, and is now actively promoting it both…
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LeapRate Exclusive... LeapRate has learned that a new crypto currency copy trading company called Covesting.io has gone live, and is (already) trying to go public via an ICO, well before its prototype or full beta is available. To garner attention and credibility, the company's founders (more on them below) have issued a press release beginning…
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LeapRate Exclusive... LeapRate has learned that popular currencies research analyst Marshall Gittler has gone live with his new venture, an app-based FX signals provider called ACLS Global. Mr. Gittler's partner in the venture is (less well known) FX trader and analyst Varkuti Geza, who most recently worked with Mr. Gittler at Cyprus based Retail FX…
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