GAIN Capital reports slow Q4 but fast start to 2018, February Retail FX volumes $283 billion LeapRate

March 08, 2018 BY LeapRate Staff

GAIN Capital reports slow Q4 but fast start to 2018, February Retail FX volumes $283 billion

Good news, bad news. Or actually, the other way around. FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the retail Forex.com and City Index brands and the institutional GTX business, has reported its results for the fourth quarter of 2017, indicating a significant slowing of its business during Q4. That's the bad news.…

March 08, 2018 BY LeapRate Staff

Exclusive: T. Rowe Price replaces Teddy Sagi as the largest Playtech shareholder

LeapRate Exclusive... For the first time in a long time, Teddy Sagi is no longer the largest shareholder in Playtech PLC (LON:PTEC). LeapRate has learned via regulatory filings that US investment management giant T. Rowe Price Group Inc (NASDAQ:TROW) has significantly increased its position in Playtech over the past week, from about 5% to just over 10.2%.…

March 07, 2018 BY LeapRate Staff

Exclusive: Exness injects £1.5 million into FCA regulated sub

LeapRate Exclusive... LeapRate has learned via regulatory filings that Retail FX brokerage group Exness has invested an additional £1.5 million (USD $2.1 million) of capital into its FCA regulated UK subsidiary Exness (UK) Limited. As we exclusively reported early last year, CySEC-licensed Exness made an application to the FCA to upgrade its "IFPRU 125K" license in…

March 07, 2018 BY LeapRate Staff

Saxo Bank trading volumes top $600 billion in record February 2018

We had reported late last month that Saxo Bank had seen slowing activity and revenues in the second half of 2017 - something we believe every other FX industry blog missed, since the company didn't really break that out in its year-end report. However that seems to have quickly corrected itself in 2018, at least…

March 06, 2018 BY LeapRate Staff

FXCM has another strong month, February FX volumes at $239 billion

Retail FX broker FXCM continued its strong start to 2018, reporting overall FX trading volumes of $239 billion. That ranks just 4% below January's $250 billion, but given that February had fewer trading days than January (20 versus 22), February's $12.0 billion average daily volume was actually 5% above January. Keeping in mind, that January…

March 05, 2018 BY LeapRate Staff

Exclusive: LCG goes private in £5 million Loan Notes deal, to Charles-Henri Sabet

LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX, CFDs and spreadbetting broker London Capital Group is going to be taken private by CEO Charles-Henri Sabet. Mr. Sabet and his investor group GLIO Holdings already control the publicly traded parent company London Capital Group Holdings PLC (which we'll call 'Holdings'), with a 78.1% holding. However…

March 05, 2018 BY LeapRate Staff

Exness February FX trading volumes $290.5 billion, down 13% MoM

After reporting record trading volumes of $334 billion to open 2018 in January, FCA and CySEC licensed Retail FX broker Exness saw something of a slowdown during February, with volumes retreating by 13% in February to $290.5 billion. We would note, however, that there were two less trading days in 28-day February than January (20 trading…

March 02, 2018 BY LeapRate Staff

Plus500 founders complete £80M sale, shares down 7%

Further to our report last night that the founding group of CFD broker Plus500 Ltd (LON:PLUS) was planning to sell some of its stake in the company in a secondary share sale organized by broker Liberum Capital, Plus500 this morning announced that the deal was completed, on the terms which were expected. Plus500's founders (see list below)…

Cryptocurrencies and real estate now added to Swissquote's Robo-Advisor

March 02, 2018 BY LeapRate Staff

Swissquote reports record results and FX volumes for 2017, driven by crypto trading

As we had reported they would back in early January, Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has reported record results for 2017, driven in part by large numbers of new account openings from a new generation of cryptocurrency traders. Our analysis also shows that Swissquote's eFX business had its best period…

March 01, 2018 BY LeapRate Staff

Plus500 founders to cash out another £80 million in secondary share sale

After the close of trading Thursday afternoon, CFD broker Plus500 Ltd (LON:PLUS) announced that a group of its founders, none of whom is involved any more in the day-to-day management of the business, are selling about a third of their remaining aggregate holdings in the company, in a secondary share sale organized by broker Liberum Capital.…

Category: Brokers

GAIN Capital reports slow Q4 but fast start to 2018, February Retail FX volumes $283 billion

Exclusive: T. Rowe Price replaces Teddy Sagi as the largest Playtech shareholder

Exclusive: Exness injects £1.5 million into FCA regulated sub

Saxo Bank trading volumes top $600 billion in record February 2018

FXCM has another strong month, February FX volumes at $239 billion

Exclusive: LCG goes private in £5 million Loan Notes deal, to Charles-Henri Sabet

Exness February FX trading volumes $290.5 billion, down 13% MoM

Plus500 founders complete £80M sale, shares down 7%

Swissquote reports record results and FX volumes for 2017, driven by crypto trading

Plus500 founders to cash out another £80 million in secondary share sale

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Citi Elects Jonathan Moulds as a New Independent Director

Australian Regulator ASIC Issues Infringement Notices for Equity Trustees Limited

DTCC Central Securities Depository Subsidiary Exceeds $100 Trillion in Assets Under Custody

Dukascopy Adds 303 New Trading Instruments