For the first time since mid 2017, Playtech founder and (former) controlling shareholder Teddy Sagi has sold shares in the company. Regulatory filings in the UK indicate that Teddy Sagi's Brickington Trading Ltd holding company sold 5 million Playtech shares earlier this week, for proceeds of approximately £23.2 million (USD $30.2 million). The sale takes Mr.…
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IdentityMind, Digital Identities You Can Trust, has just announced that B2Broker, a provider of liquidity and technology solutions for the foreign exchange and cryptocurrency markets, has selected IdentityMind to meet its know your customer (KYC) and anti-money laundering (AML) compliance requirements for itself and its global business-to-business (B2B) clients. In our line of business, KYC…
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Advanced Markets, an institutional foreign exchange liquidity and prime-of-prime service provider, has announced that it has signed Standard Chartered Bank as a foreign exchange prime broker. The addition will further extend the range of clients that can use prime brokerage to trade via Advanced Markets’ Direct Market Access (DMA/STP) liquidity infrastructure. Having Standard Chartered Bank…
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LeapRate Exclusive... LeapRate has learned that CySEC licensed retail forex broker ProbusFX has rebranded as SquaredDirect (at website squareddirect.com). Additionally, the company's legal name has been changed from Aspide Financial Limited to Squared Financial (CY) Limited. This apparently comes as part of the company’s restructuring and pairing up with its sister company, SquaredPro, to form the Squared Financial…
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After reporting multi-year lows in trading volumes in September, data from Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) indicate that the company had a very nice rebound in October, with volumes up 55% MoM, coming in at $231 billion. October activity at GAIN Capital, which operates the FOREX.com and City Index retail forex brands,…
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Online gaming and financial trading company Playtech PLC (LON:PTEC) has issued a Trading Update for Q3 (technically, for the period since June 30, 2018), indicating that overall not much has changed since 1H results were reported in August. The company stated that it remains on track to achieve adjusted EBITDA for 2018 in the range of…
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After freezing its assets earlier this year, Australia financial regulator ASIC has announced that it has cancelled the Australian financial services (AFS) licence of the retail OTC derivative issuer, AGM Markets Pty Ltd. AGM's brands include AlphaTrade Group and FirstIndex (firstindex.com). An ASIC investigation found AGM’s financial services business involved core elements of unconscionability and unmanaged…
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Forex and CFD broker Tickmill has just announced that October 2018 has been its most successful month up to date with a record-breaking $145.53 billion in trading volume. This figure marks an increase of more than 23% from the Group’s consolidated trading volume for September which was previously the highest for the Group. Commenting on…
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After reporting fairly strong results for the first half of the year, things seems to have cooled off somewhat during Q3 at X Trade Brokers Dom Maklerski SA (WSE:XTB) thanks to lower market volatility and ESMA's new CFD rules. X Trade Brokers, which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, reported that Q3…
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Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) has announced the preliminary results of its "modified Dutch auction" tender offer, which expired at 5:00 P.M., New York City time, on November 6, 2018. GAIN Capital, which operates the FOREX.com and City Index retail forex brokerage brands, announced its intention to buy back up to $50 million of its own…
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