Data from parent company Euronext NV (EPA:ENX) indicate that Forex ECN FastMatch saw a slowdown in business during Q3, with FastMatch revenues down by 4% from €5.6 million in Q2 to €5.4 million (USD $6.1 million) in Q3-2018. That really shouldn't come as a surprise to LeapRate readers, as we had reported over the past…
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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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Horizon Software, the provider of electronic trading solutions and algorithmic technology, has announced today the appointment of Keith Todd CBE as a member on its advisory board. The news comes during an exciting period of sustained growth for Horizon, which in June of this year underwent an MBO with the European Private Equity firm, Capzanine.…
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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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The Monetary Authority of Singapore (MAS) has announced that it has released a set of principles to promote fairness, ethics, accountability and transparency (FEAT) in the use of artificial intelligence (AI) and data analytics in finance. Known as the FEAT Principles, the document provides guidance to firms offering financial products and services on the responsible…
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Which FCA regulated Retail FX broker saw its CEO resign.... and move to a rival firm? Which global FX broker saw Revenues rise 54% in 2018 to a record $184 million? Who did Saxo Bank name as Deputy CEO - and successor to CEO Kim Fournais? How did recent results pan out at Hantec Markets,…
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Abacus Group, a provider of hosted IT solutions and application hosting for alternative investment firms, has just announced it has completed the acquisition of Hedgepoint Solutions, a boutique IT consulting firm based in New York City. Abacus Group has been doing some amazing things in the hosted IT space, growing not just throughout the US…
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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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Casey Kuhlman, CEO and Co-founder of Monax, an open-source blockchain platform for smart contract technology, has been accepted into the Forbes Technology Council. The Council is an invitation-only community for CIOs, CTOs, and technology executives. Scott Gerber, Founder of Forbes Councils, the collective that includes the Forbes Technology Council, said: We are honored to welcome…
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The AMF Chairman Robert Ophèle has informed the public that Marielle Cohen-Branche will start her third term as Ombudsman on 12 November 2018. In 2011 the AMF strengthened its role as a regulator in investor compensation by appointing an Ombudsman, reporting directly to the Chairman and assisted by a dedicated team. Marielle Cohen-Branche thus began…
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