LeapRate Exclusive... Continuing a fairly wide ranging turnover in senior management, LeapRate has learned that Abu Dhabi based brokerage group ADS Securities has seen the departure of longtime Chief Marketing Officer Andreas Lazarou. Andreas Lazarou has been with ADS since 2013, first as Director of Marketing and later being promoted to CMO. He had joined ADS…
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Two days after the news that Joe Schenk will replace Peter Quick as Chairman of GAIN Capital Inc (NYSE:GCAP), the FX brokerage group has reported its operating metrics for the month of September 2017. After hitting a record $279.8 billion in August (up 32% over July), the institutional FX volumes were steady in September -…
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Geneva based Retail Forex broker Dukascopy has just made an announcement that due to situation in Catalonia and related risk of price gaps has made a slight change to its Spain 35 index ESP.IDX/EUR. Dukascopy Group decided to reduce leverage on CFD of the Spain 35 index ESP.IDX/EUR to the level of 1:10 and limit…
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Continuing the fairly strong FX trading volume reports we have seen so far from some of the leading institutional FX firms, CySEC and FCA regulated Retail FX broker Exness has reported that forex volumes in its system came in at $260.6 billion in September. That figure was actually down 5% from August's $274.8 billion result, but still placed…
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LeapRate Exclusive... LeapRate has learned from industry sources that there have been a number of (additional) changes on the board of directors of Monecor (London) Limited, which operates FCA regulated online trading brokerage ETX Capital. Two of the company's non-executive directors, Mark Preston and Claire Hafner, have resigned. Mark Preston is the former Chairman and…
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Following a very strong month of August in which it reported record FX trading volumes of $343 billion, ASIC licensed IC Markets has indicated that it followed that up with $339 billion in September. Due to there being less trading days in September, IC Markets actually did set a monthly best in average daily volumes,…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that AJF Financial Services Ltd, a Cyprus based investment group which operates a number of Retail FX, CFD, and Binary Options trading websites, has renounced its CySEC CIF license and will no longer regulated on the island. AJF first received its CySEC CIF license (number 295/16) in February…
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Global forex broker Gain Capital Holdings Inc (NYSE:GCAP), which operates the Forex.com retail and GTX institutional FX brands, has announced that Joseph A. Schenk, a current independent director of GAIN Capital, was appointed Chairman of the Board of Directors. Mr. Schenk replaces Peter Quick, who will resign as Chairman effective September 27, 2017. Mr. Quick will remain active…
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ASIC regulated online broker Berndale Capital, an Australian based and market leading provider of forex trading services and technology, is pleased to announce the introduction of Bitcoin trading. Available to all clients, the launch of the BTC/USD pair grows the Berndale trading instrument portfolio to 85, enabling greater investment diversification. Customers can trade price speculation…
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Retail FX broker FXCM Group LLC has put out an interesting press release (see text below), stating that it has agreed to terminate its Management Agreement with parent company Global Brokerage Inc (NASDAQ:GLBR). FXCM and GLBR became effectively separated when Leucadia National Corp (NYSE:LUK) took a direct equity stake in FXCM last year, and the two appointed…
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