Electronic market maker XTX Markets Limited has today announced it has chosen Paris as its post Brexit European hub. XTX has filed an application with the Autorité de Contrôle Prudentiel et de Résolution, the French regulator, to operate a regulated firm in France. As one of the largest liquidity providers in European equities with a…
Read more
The Financial Conduct Authority (FCA) has just published the complaints figures for regulated firms for the first half of 2018. Complaints continued to increase for the fourth successive half year, reaching a new record level of 4.13 million complaints made to 3,161 firms. This was a 10% increase compared with the previous 6-month period. 98%…
Read more
Forex trading platform developer MetaQuotes has just announced that the new release of the MetaTrader 5 platform features support for deals involving instruments with a minimum volume of 0.00000001 lots. MetaQuotes has added the ability to display volumes with an accuracy of 8 decimal places in the market depth, in the time and sales, as…
Read more
In the latest of a series of senior management moves made after China's Geely Group moved to take control of the company late last year, Copenhagen based Retail FX brokerage group Saxo Bank has announced the appointment of Lars Kufall Beck as Global Chief Financial Officer (CFO), effective no later than May 1, 2019. Lars…
Read more
Thai energy company PTT Exploration and Production Public Company Limited (PTTEP) has just informed that it has implemented Refinitiv’s FXall trading platform and “Settlement Center” post-trade solution for managing their FX transactions. Together with Eikon, Refinitiv’s flagship data terminal, PTTEP is the first Thai corporate to adopt the end-to-end suite of services covering pre-trade, trade…
Read more
Argentex LLP, the FCA regulated provider of foreign exchange services to corporate and private clients across EMEA, has just announced Oliver Hemsley as a new investor in the Company. Oliver Hemsley has had a highly successful career as the founder and CEO of Numis Securities, which he grew to circa 200 employees and a market…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated retail FX and CFDs broker Fortrade Limited had a fairly flat year in 2017, after tripling its revenue and activity base in 2016. Fortrade popped up on the UK CFD scene in 2016, as noted nearly tripling its revenue that year to £15.9 million,…
Read more
How much did ESMA's new leverage cap affect the Q3 results of leading UK CFD broker Plus500? Who is behind the launch of Fondex, a new CySEC-licensed Retail FX brand? What is Finotec's (latest) new strategy, following a net loss in 2017? How will Swissquote be enabling its clients to participate in ICOs? Which major…
Read more
Swiss interdealer broker Compagnie Financière Tradition (SWX:CFT) has announced its volumes for the first nine months of the year and its activity grew with reported consolidated revenue of CHF 664.0m compared with CHF 600.8m in same period in 2017, up 9.0% in constant currencies. At current exchange rates, consolidated revenue presented an increase of 10.5%. For the same…
Read more
National Settlement Depository (NSD), Russia’s central securities depository, and Interfax’s Center for Disclosing Corporate Information have announced that they have put the Single Disclosure Window into commercial operation. This product will give issuers the ability to disclose material facts via information agencies’ news feeds, and also to inform NSD’s Corporate Actions Center about corporate actions.…
Read more