LeapRate Exclusive... LeapRate has learned that China based Formax Group's acquisition late last year of social / copy trading platform provider ZuluTrade, and related companies, was concluded at a price of USD $12.41 million. Formax actually acquired a lot more than just the ZuluTrade name, technology and platform. Indeed, when breaking down the purchase price,…
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Just two days after we reported that CFD broker Plus500 Ltd (LON:PLUS) had expanded its operations in South Africa with an upgraded South Africa FSB license for new subsidiary Plus500SA Pty Ltd and plans to open an on-the-ground operation, Plus500 today announced that it is also growing its operation in Singapore. Plus500 today stated that International…
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FX brokerage holding company Global Brokerage Inc (OTCMKTS:GLBR), formerly known as FXCM Inc, has announced that it has successfully completed its prepackaged plan of reorganization, and has emerged from Chapter 11 bankruptcy. The effective date of its prepackaged Chapter 11 Plan of Reorganization of was confirmed by Bankruptcy Judge Michael E. Wiles on January 22, 2018,…
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Business finance company MarketInvoice announced that it has established a partnership with Euler Hermes, trade-credit insurance company, which will provide credit insurance policies to customers of MarketInvoice in safeguarding their businesses. With Euler Hermes credit insurance, MarketInvoice customers who use invoice finance solutions will have the assurance that they are protected in the event their…
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The Board of Directors of the European Financial Stability Facility (EFSF) has today announced that elected Harald Waiglein as its Chairman. Mr Waiglein replaces Hans Vijlbrief, who served as Chairman of the Board since 2014 and was appointed President of the Eurogroup Working Group (EWG) on 22 January 2018. Harald Waiglein joined the Austrian Ministry…
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CySEC licensed Windsor Brokers, one of the longest tenured companies in the Retail FX space, has decided to undergo a radical makeover of its brand, logo and website, launching new versions of each as the company celebrated its 30th anniversary this week. As part of the marketing activities around the rebrand and launch, the company…
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Virtu Financial, Inc. (NASDAQ: VIRT), a technology-enabled market maker and liquidity provider to the global financial markets, has today reported results for the fourth quarter and the full year ended December 31, 2017. Fourth Quarter and Full Year Selected Highlights Fourth Quarter 2017: Net income of $47.8 million, Normalized Adjusted Net Income* of $41.4 million…
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CFH Systems just announced that it has appointed FX technology specialist Alex Yap in Singapore in a senior institutional sales role. Alex Yap will be responsible for sales across Asia. He will work closely with CFH Systems’ teams in Hong Kong and Tokyo, reporting directly into Alex Mackinnon, Head of Asia, who is also based…
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LeapRate Exclusive... New Pepperstone CEO Tamas Szabo continues to make his mark on the company, which - not surprisingly - is now including bringing in some of his former IG Australia colleagues, who helped Mr. Szabo grow London based IG Group Holdings plc (LON:IGG) into the leading online broker down under. LeapRate has learned that…
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ULLINK, a global provider of electronic trading and connectivity solutions to the financial community, announced that it has extended its successful partnership with LiquidMetrix to deliver MiFID II best execution reporting to multiple European Sell-Side clients. The solution, UL PUBLISHER for Best Execution, teams ULLINK’s fully-automated, post-trade data management hub with the LiquidMetrix Workstation for…
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