Continuing the strong business momentum which it saw in the second half of 2017, Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has reported record results for 1H-2018, driven in part by large numbers of new account openings from a new generation of cryptocurrency traders. Operating revenues for the six month period rose…
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London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) issued an interesting statement following its Annual General Meeting last week, which also coincided with the release of CMC's quarterly Trading Update. While stating (as is certainly usual) that all the resolutions set out in the Notice of Annual General Meeting were duly passed as…
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UK online trading rivals launched cryptocurrency trading, CMC Markets Plc (LON:CMCX) has announced that it has today extended its cryptocurrency spread betting and contracts for difference (CFDs) offer across its retail client base. Clients can now take a position on the original bitcoin and ethereum cryptocurrencies paired against the US dollar. The latest offering follows CMC…
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In a quarter which was much more about strategic, long-term focused moves than about numbers, FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) has reported its financial figures for Q2-2018 that take a little time to digest. The company has restated historical figures due to the sale of the company's institutional FX division GTX, which was acquired…
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Credit Financial Invest for Financial Brokerage (CFI Jordan) has announced today it has raised its capital by over 56% to JOD 2.78 million (about USD $4 million). This step comes after obtaining the required approvals and the injection of the additional capital from CFI Financial Group Holding, the entity that holds different firms in the renowned CFI Group, one of the leaders…
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London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has issued its Trading Update for its FY-2019 first quarter (the three month period of April-June 2018, CMC has a March 31 fiscal year end), not giving much in terms of specifics other than to say that Net Operating Income for the first quarter was…
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LeapRate Exclusive Interview... In our continuing series of discussions and interviews with leading figures in the Retail and Institutional FX trading scene ahead of pending ESMA rule changes (now just a week away!), we're pleased to speak today with Hayel Abu-Hamdan, Director and COO of London based Hantec Markets. What is Hantec Markets's approach to…
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UK online trading leader IG Group Holdings plc (LON:IGG) has reported its financial results for 2018 (IG has a May 31 fiscal year end), sporting record revenues and profits - but indicating that results will likely be lower in 2019 due to the CFD leverage caps being instituted by ESMA, scheduled to come into effect…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Boston based investment management giant Fidelity Investments, through its FMR LLC subsidiary, has recently sold down some of its stake in online gaming and financial trading provider Playtech PLC (LON:PTEC). Fidelity was one of Playtech's largest shareholders with a 5.06% interest in the company, worth about £82…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated financial and sports spread betting company Spreadex saw significant top line Revenue growth of 17% in its latest Fiscal year ended May 31, 2018. That, following a 2017 year where Revenues were flat. Overall, Spreadex brought in £58.9 million in Revenue in 2018, as noted up 17%…
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