Copenhagen based multi-asset broker Saxo Bank has released its trading volume statistics for the month of April, indicating an overall 25% reduction in activity for the month. The figures at Saxo Bank are fairly much in line with what we have seen for April from other leading retail and institutional eFX venues. After a fairly…
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Record collateral deposits and trading volumes achieved against backdrop of market volatility.
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LeapRate Exclusive... Times are clearly not easy at retail forex broker FXCM, or at its (50.1%) parent company Global Brokerage Inc (NASDAQ:GLBR). Trading volumes are down at FXCM. The company has large financial obligations to Leucadia National Corp (NYSE:LUK) and to its convertible bond holders, who may be able to force the company into an event of…
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The ICRV brokerage team of ICAP announced that now offers electronic and voice brokered Eris Swap Futures. ICRV is a market broker focused on relative value (RV) extending its trading algorithms and expertise to a global client base. Eris is now on their growing list of liquid markets. ICRV can execute custom strategies across fixed…
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Cyprus-based retail forex broker Exness announced that has lowered the margin requirements for over 50 exotic currency pairs. Lowering the margin requirements for such a wide selection of exotic currency pairs gives small investors the opportunity to enter the market accessing a more diverse range of currency pairs, without having to sustain higher margin requirements.…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that the FCA regulated UK arm of retail forex broker FXCM, Forex Capital Markets Limited, does not expect regulatory action to be taken against the company, similar to what happened in the US. In the US, of course, FXCM and its then-CEO Drew Niv were fined $7…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK). Exness received its initial FCA license in September of last year, which LeapRate discussed at the time with Exness…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that shareholders of online gaming and trading giant Playtech PLC (LON:PTEC) have rejected a resolution put forth by the company's board of directors, to issue a one-time grant of 1.5 million Playtech shares to CEO Mor Weizer. Weizer has been CEO of Playtech since 2007. The shareholder…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced the launch of a new franchise program, where partners can benefit exclusively from JFD’s global brand name, building their own regional office while simultaneously empowering their business. The company’s brand new dedicated partnerships website, recently launched, is a direct way for partners and IBs to…
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More news from retail forex broker Gain Capital Holdings Inc (NYSE:GCAP) today. The company announced that its Board of Directors has authorized an expanded stock repurchase program, under which the company may repurchase up to $35 million of its outstanding common stock, nearly doubling the amount approved as of March 31, 2017. Our Board of…
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