LeapRate Exclusive... Further to our exclusive report back in March that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license, LeapRate has learned that Direct Trading Technologies UK Ltd has been approved by the UK financial conduct authority (FRN: 79589) and plans…
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UK online trading leader IG Group Holdings plc (LON:IGG) has released its first quarter 2019 revenue update - IG Group has a May 31 fiscal year end, so the period covered in Q1-2019 is June through August 2018. Importantly, that includes two months of a ban on binary options (which kicked in at the beginning…
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LeapRate Exclusive... LeapRate has learned that a number of EU based Retail FX and CFD brokers have been sending out emails to their clients and IBs/Affiliates, reminding them that they cannot formally market out-of-EU accounts to clients. But, reminding them that the clients may themselves, of their own initiative, seek out foreign brokers and open…
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Global Forex brokerage group ATFX has announced that it has released up to 10 new exotic pairs that will offer traders and investors more choice with respect to their trading options. More details on the pairs are available on ATFX’s official website, which in turn is offered in 13 languages. Exotics are a currency pair…
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Copenhagen based Retail FX and CFDs broker Saxo Bank has announced that all the necessary regulatory approvals have been received to enable China’s Geely Group and Sampo plc of Finland to acquire shares in Saxo Bank A/S. Following the approval and reflecting the new ownership structure of Saxo Bank, Daniel Donghui Li has been elected chairman…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill continues its strong growth in key performance indicators with robust financial results for the first half of 2018. The Group’s consolidated net profit amounted to $14.97 million whereas the total trading volume came in at $624 billion, almost doubling last year’s first half…
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Australia based private equity manager CHAMP Private Equity has announced that its CHAMP IV Funds have entered into an agreement to exit its investment in Pepperstone, one of the largest Australia based Retail FX brokerage groups. CHAMP had first invested in Pepperstone in 2016. Going forward the business will be owned by Pepperstone’s founders, and its…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…
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Retail FX group IronFX has announced that it will be sponsoring the 2018 ORC European Championship, which will take place in Limassol, Cyprus, between September 8th and 15th, 2018. As part of the company’s long established Corporate Social Responsibility (CSR) program, IronFX announces their latest partnership with the Offshore Racing Congress (ORC) and the 2018…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced that it has just launched a brand-new digital asset management solution. It allows the retail investors to get exclusive access to a marketplace of preselected top performing strategies with a proven track record verified by the portfolio management division of the company. For the…
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