LeapRate Exclusive… Some of the world's leading institutional investors continue to make big bets on a turnaround in shares of leading UK online brokers, which were hit hard late last year after the FCA proposed new strict rules governing Forex and CFD trading. LeapRate has learned via regulatory filings that BlackRock, Inc. (NYSE:BLK) has increased…
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LeapRate Exclusive... LeapRate has learned that Denmark based financial trading technology provider Tradeworks has hired longtime Gwazy / Windsor Brokers executive Graham Moss. Based in Cyprus, Mr. Moss will be responsible for selling Tradeworks' auto trading platform into the Cyprus Retail Forex broker community, and beyond. Graham Moss has spent the past eight years with…
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LeapRate Exclusive... LeapRate has learned via regulatory filings in the UK that FCA regulated institutional FX brokerage ACM Group plc, which operates under the brand name Alpha Capital Markets, has posted a loss of £2.1 million (USD $2.6 million) in fiscal 2016. Alpha has a September 30 fiscal year end. The news was not all…
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LeapRate Exclusive... LeapRate has learned that CySEC regulated retail forex broker Vipro Markets has hired Philippos Psyllos as its new CTO. Philippos Psyllos joins Vipro from JFD Brokers, also based in Cyprus and licensed by CySEC, where he was co-head of technology for the past two years. Mr. Psyllos was previously head of IT support at…
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LeapRate Exclusive Interview... It isn't easy to get big companies to implement your software for mission critical uses. And in the online trading business, where bringing in new clients is certainly essential, a broker's affiliate program - and the software running that program - can make the difference between success and failure. We thought then…
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LeapRate Exclusive... LeapRate has learned from filings made in Russia that the Bank of Russia has issued a seventh license to operate a retail forex brokerage operation in the country, to Fix Trade LLC. Fix Trade is a Russian subsidiary of InstaForex, an (otherwise) unlicensed retail forex broker focusing on the CIS countries and the…
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LeapRate Exclusive... LeapRate has learned that FCA regulated retail forex broker GKFX has hired Hannah Hill as its new Head of Public Relations and Brand. Ms. Hill is a well known Forex industry figure. She worked most recently in the London office of Israel-based retail forex broker eToro as Head of Brand Marketing, helping eToro…
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Given the large response, the FCA will take more time than expected in finalizing the new rules.
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LeapRate Exclusive... LeapRate has learned that popular Forex and Binary Options affiliate programs operator RushBucks is cutting its ties with the sector. At various times, RushBucks has run affiliate programs for a number of (mainly Binary Options) brokers including TradeRush, Redwood Options, Boss Capital, as well as 10Trade.com, a CySEC licensed Binary Options broker via parent company Holiway Investments…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that global investment bank Morgan Stanley (NYSE:MS) has increased its stake in CFD broker Plus500 Ltd (LON:PLUS) to 7.82%, up from 6.5% in mid February and 2.4% as at the end of last year. Plus500 shares, and those of other leading UK online brokers including IG Group…
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