Continuing something of a slump for the Copenhagen based Retail FX broker, Saxo Bank has released data indicating that client FX and multi asset trading volumes in its system decreased by 6% during June, totaling $380 billion versus $405 billion in May. By contrast, Saxo Bank averaged volumes of $527 billion monthly in the first…
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FCA and CySEC licensed Retail FX brokerage group FXTM has announced the appointment of Alexis (Lex) Webster as the company's new Chief Commercial Officer. As CCO, Lex will be responsible for overseeing various functions within the company, including the Sales, Marketing, Market Research and Partnership Support departments. Lex is a well-known figure in the financial services…
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encompass corporation, a fast-growing global provider of robotically automated Know Your Customer (KYC) solutions, today announced the appointment of Ed Lloyd, a long-term veteran of the compliance technology industry, to the position of Executive Vice President, Global Sales. Ed Lloyd joins encompass from Fonetic, where he led sales and pre-sales for the Surveillance Solutions business,…
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LeapRate Exclusive... LeapRate has learned that former GKFX CEO Brian Myers has re-joined the Retail FX sector, hired as CEO of the fairly new Retail FX and CFDs brand Equiti.com, for the UK and the EU. He will also formally act as the CEO and a director of the company's FCA regulated arm, Divisa UK…
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LeapRate Exclusive… LeapRate has learned that Estonia based Retail FX brokerage firm Admiral Markets Group AS has posted a nice 17% rise in Revenues for 2017, with the company bringing in €27.0 million (USD $31.6 million), versus €23.0 million in 2016. Most of the growth came in the second half of the year, with 2H-2018…
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The Autorité des marchés financiers (AMF) has informed the public that it has analysed nearly 800 French funds using a method based on fund return and market data, which enables more funds to be examined than was previously possible. This approach does not relieve the regulator of carrying out an in-depth individual analysis of the…
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LeapRate Exclusive... LeapRate has learned that former ADSS and Saxo Bank executive Jamieson Blake has left his new job with Basset & Gold after less than two months, joining interdealer broker Compagnie Financière Tradition as Business Development Manager. He will be based in London for the Swiss listed company. LeapRate had exclusively reported back in…
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Banque Internationale à Luxembourg (BIL) has announced that it has decided to further strengthen its partnership with post-trade services provider Clearstream. Going forward, Clearstream, which is part of Deutsche Börse Group, will support the bank in streamlining its third-party fund processing activities. The scope of services includes order execution, settlement and asset servicing of both…
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Retail FX broker FXCM has announced that its volumes in June were down by 5% month-over-month, $202 billion versus $212 billion in May. We are expecting a (quiet) rebranding of FXCM in the coming weeks. FXCM incorporated the name of its parent company Leucadia into its logo a few months back. However Leucadia recently renamed itself Jefferies Financial…
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Cboe Global Markets, Inc. (Nasdaq: CBOE) has announced plans to establish a new venue in Amsterdam to ensure the company is well-positioned to continue to serve its customers across Europe from April 2019, after the UK’s planned exit from the European Union (EU). Cboe Europe has filed its application with the Dutch Authority for the…
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