ThinkMarkets acquires FX trading mobile app Trade Interceptor LeapRate

May 23, 2017 BY LeapRate Staff

ThinkMarkets acquires FX trading mobile app Trade Interceptor

LeapRate has learned that FCA regulated retail FX and CFD broker ThinkMarkets has acquired Trade Interceptor, an increasingly popular trading analysis mobile app developed by Sofia, Bulgaria based software company Riflexo. Details such as amount paid by ThinkMarkets are not available. We expect the companies to make an announcement shortly. Through the acquisition, ThinkMarkets will…

May 21, 2017 BY LeapRate Staff

Binary options broker EZTrader CEO Shimon Citron ousted in dispute with Chairman Gustavo Perrotta

LeapRate Exclusive... LeapRate has learned via regulatory filings that EZTrader founder and long-time CEO Shimon Citron has resigned from the company's publicly traded parent EZTD Inc (OTCMKTS:EZTD), following a several months long dispute with some of the company's board members and investors. Pursuant to the company’s bylaws, due to Mr. Citron’s resignation the entire Board…

May 19, 2017 BY LeapRate Staff

Finotec reports another slow year: Revenues £1.26 million, Profit £211,000

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated FX liquidity and technology solutions provider Finotec has reported Revenues of £1.26 million and Net Profit of £211,000 in 2016. While an improvement over 2015 (Revenues £1.1 million, Net Loss £158,000), activity remained very slow in 2016 at one of the original players in Retail Forex. Finotec…

May 19, 2017 BY LeapRate Staff

Exclusive: FXCM hands out another $1.6 million-plus contract, to COO David Sakhai

LeapRate Exclusive... Times are clearly not easy at retail forex broker FXCM, or at its (50.1%) parent company Global Brokerage Inc (NASDAQ:GLBR). Trading volumes are down at FXCM. The company has large financial obligations to Leucadia National Corp (NYSE:LUK) and to its convertible bond holders, who may be able to force the company into an event of…

May 18, 2017 BY LeapRate Staff

Exclusive: FXCM UK does not expect market maker repercussions like in the US

LeapRate Exclusive... LeapRate has learned via regulatory filings that the FCA regulated UK arm of retail forex broker FXCM, Forex Capital Markets Limited, does not expect regulatory action to be taken against the company, similar to what happened in the US. In the US, of course, FXCM and its then-CEO Drew Niv were fined $7…

May 18, 2017 BY LeapRate Staff

Exclusive: Exness upgrading FCA unit, expects FX operations launch in September 2017

LeapRate Exclusive... LeapRate has learned via regulatory filings that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK). Exness received its initial FCA license in September of last year, which LeapRate discussed at the time with Exness…

May 18, 2017 BY LeapRate Staff

Playtech shareholder vote rejects 1.5 million share grant to CEO Mor Weizer as shares hit all-time high

LeapRate Exclusive... LeapRate has learned via regulatory filings that shareholders of online gaming and trading giant Playtech PLC (LON:PTEC) have rejected a resolution put forth by the company's board of directors, to issue a one-time grant of 1.5 million Playtech shares to CEO Mor Weizer. Weizer has been CEO of Playtech since 2007. The shareholder…

May 15, 2017 BY LeapRate Staff

GAIN Capital's Q1 results, Forex regulatory changes, and more: CEO Glenn Stevens speaks

LeapRate Exclusive Interview... It would be an understatement to offer that the Q1 results recently announced by Forex brokerage house Gain Capital Holdings Inc (NYSE:GCAP) were disappointing. Revenues were down nearly 50% from the previous quarter. Revenues from retail clients were down 60%. The company posted a $19 million loss. Was this a one-time anomaly, or…

May 15, 2017 BY LeapRate Staff

Exclusive: Morgan Stanley takes 5.1% position in gaming and FX provider Playtech

LeapRate Exclusive... LeapRate has learned via regulatory filings made in the US and the UK that New York based global investment bank Morgan Stanley (NYSE:MS) has become one of the largest shareholders of Playtech PLC (LON:PTEC), taking a 5.1% position in the company. Playtech is one of the world's leaders in providing software and systems to the…

May 15, 2017 BY LeapRate Staff

Marshall Gittler starts distributing his daily FX research via Claws & Horns service

LeapRate Exclusive... LeapRate has learned that popular FX analyst Marshall Gittler has resurfaced, publishing his daily research independently via FX news, data and analytical services provider Claws & Horns. Claws & Horns provides a variety of third party services to retail FX brokers. Its clients have included HiwayFX and LiteForex (see screenshot below). The very…

Category: Exclusive