FastMatch monthly revenues edge up to €1.7 million in Q1-2018 LeapRate

May 15, 2018 BY LeapRate Staff

FastMatch monthly revenues edge up to €1.7 million in Q1-2018

Financial markets operator Euronext NV (EPA:ENX) has released its quarterly financial report for Q1-2018, indicating healthy growth across most of its business lines, including 16% top line Revenue growth. Euronext indicated that its recently acquired Forex ECN business, FastMatch, also did fairly well in Q1, with FastMatch revenues totaling €5.2 million (USD $6.2 million) in Q1,…

May 15, 2018 BY LeapRate Staff

Jeremy Nicholds replacing Roger Withers as Chairman of payments company SafeCharge

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced that the Chairman of the company's Board of Directors, Roger Withers, will step down from his position and from the board at the end of 2018. Mr. Withers will be replaced as Chairman by current SafeCharge board member and longtime Visa and MasterCard…

May 15, 2018 BY LeapRate Staff

Exclusive: ITI Capital (formerly FXCM Securities) posts 2017 loss of £5 million

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated broker ITI Capital Limited has posted a larger loss (than last year) of £5.0 million (USD $6.8 million), eating up more than all of the new capital which the company's new ownership group put into the company during the year. (More on that below). Revenues at…

May 14, 2018 BY LeapRate Staff

Exclusive: ActivTrades 2017 Revenues up 16% to £40.4 million, monthly volumes $90 billion

LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated MT4 broker ActivTrades has continued its impressive growth with the company reporting healthy financial metrics for 2017. ActivTrades, which is controlled by Swiss entrepreneur Alex Pusco who still serves as the company’s CEO, saw Revenues grow by 16% in 2017 to £40.4 million (USD $55 million), up…

May 14, 2018 BY Valentina Kirilova

BNP Paribas AM obtains QDLP qualification in China

BNP Paribas Asset Management (BNPP AM) announced that its wholly foreign-owned enterprise (WFOE), BNP Paribas Overseas Investment Fund Management (Shanghai) Co. Limited, has been granted a Qualified Domestic Limited Partner (QDLP) qualification. The Shanghai-based QDLP programme allows global asset managers to raise funds from domestic investors in China to buy overseas traditional and alternative assets…

May 14, 2018 BY LeapRate Staff

Exclusive: Saxo Bank sees departure of longtime Head of Markets Claus Nielsen

LeapRate Exclusive... The revolving door which has seen senior management members of Saxo Bank both come and go over the past few months continues to swing.... LeapRate has learned that the latest member of senior management to depart Saxo Bank is Claus Nielsen, one of the longest tenured employees at the Copenhagen based Retail FX…

May 13, 2018 BY LeapRate Staff

Exclusive: Leverate Cyprus office head Costas Michael departs for forex broker XTB

LeapRate Exclusive... LeapRate has learned that the management makeover at Forex broker platform and technology provider Leverate is continuing. The latest executive to leave Leverate is Costas Michael, who had been General Manager and head of Leverate's Cyprus based entity, CySEC licensed Leverate Financial Services Ltd, for the past four years. He had actually been…

May 13, 2018 BY LeapRate Staff

FX Industry Week Review: Forex broker results, Plus500 clone, and lots more

Forex Industry News this past week at LeapRate was punctuated by financial results from a variety of brokers from around the world. And with some of the results glowing while others showing losses, it clearly demonstrates that the past few months have been very much a case of the haves, and the have-nots, in the…

May 13, 2018 BY LeapRate Staff

Canadian regulator BCSC warns against Forex and Bullion broker Truevalue Investment

Continuing its string of warnings against unregulated brokers and other scams targeting retail traders in Canada, Canadian securities regulator the British Columbia Securities Commission (BCSC) has added to its Investment Caution List unregulated offshore broker Truevalue Investment International Limited. The company operates from websites truevalueinvestmentint.com and truevalueinvestsint.com. Truevalue Investment claims to provide sophisticated forex, bullion and…

May 11, 2018 BY Valentina Kirilova

Hong Kong SFC CEO reappointed Chair of IOSCO Board

The Securities and Futures Commission (SFC) has just announced that its Chief Executive Officer, Mr Ashley Alder, has been reappointed as Chair of the new Board of the International Organization of Securities Commissions (IOSCO) at IOSCO’s annual conference in Budapest. The SFC’s Chairman, Mr Carlson Tong said: I am delighted with Ashley’s reappointment to chair…

Category: Forex