Shares of Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) rose by more than 9% on Tuesday after the company revealed plans to buy back up to $50 million of its own shares. Gain Capital's plans involve a Dutch Auction style buyback, which will see it pay between $7.24 and $7.94 per share tendered in…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill has announced today the Group consolidated trading volume for September 2018 which came in at $117.7 billion, up by 58.9% from September 2017. The September trading volume figure is the highest to have been recorded by Tickmill and reflects the Group’s accelerated growth…
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FX brokerage group GAIN Capital Holdings Inc. (NYSE:GCAP), which operates the FOREX.com and City Index Retail Forex brands, has announced that it commenced a "modified Dutch auction" tender offer to purchase up to $50 million of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly…
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ASIC regulated Retail FX broker GO Markets has announced that it now provides the ability to its clients to trade via MetaTrader 5. GO Markets customers have access to the desktop, mobile and web platform versions. The Melbourne based company is one of the pioneers of online trading in Australia providing brokerage services in the…
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Online gaming and financial trading company Playtech PLC (LON:PTEC) announced late Friday that it has successfully priced €530 million (USD $611 million) in new junk debt. The 3.75% senior secured five-year notes due 2023 are expected to be assigned a rating of BB by S&P Global Ratings Europe Limited, UK Branch and Ba2 by Moody's Investors Service…
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It looks like Saxo Bank's new ownership group has its work cut out. Continuing a very disturbing trend, trading volumes at Copenhagen based Retail FX broker Saxo Bank declined for the fourth consecutive month in September 2018, dropping to their lowest level since 2015. Saxo's all-important FX trading volumes - which account for more than…
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Continuing something of a disturbing trend over the past few months, data from FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) indicate that September was the company's slowest as far as trading volumes go looking back a number of years. GAIN Capital, which operates the Forex.com and City Index online retail trading brands, reported volumes of…
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After seeing UK hedge fund Odey Asset Management acquire a 5% stake in the company a month ago, online gaming and financial trading company Playtech PLC (LON:PTEC) has had Dublin, Ireland based value investor Setanta Asset Management jump in and buy a slightly smaller but still significant 3% interest in Playtech. The Setanta stake in…
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Corporate foreign exchange specialist Alpha FX Group plc (LON:AFX) has announced that the company has raised a total of £20 million (USD $26 million) through the issue of an aggregate of 3,218,602 new ordinary shares at a price of 620 pence per share. The company said that the share placing attracted strong support from high quality institutional investors.…
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FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, Argentex LLP (or ‘the Company’), has just reported its results for the twelve months ended 31 March 2018. Argentex saw another year of strong growth across all key metrics, cementing the company’s position as a provider of foreign exchange services and advice…
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