On 10 November 2017, SIX Swiss Exchange announced the realignment of the company and the appointment of the new CEO, Jos Dijsselhof, who assumed office on 1 January 2018. Today SIX will appoint all members of the future Executive Board. The newly constituted Executive Board will take over operational management of SIX on 1 April…
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CySEC regulated retail forex and CFDs broker JFD Brokers has announced that it has acquired 51% of established German investment bank ACON Actienbank AG. JFD did not give a price for the acquisition, but did state that it also holds an option to acquire an additional 20% of ACON in the future, which could take its…
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Copenhagen based multi asset broker Saxo Bank has made another senior addition to its executive management team, announcing the appointment of Damian Bunce as the company's new Chief Client Officer (CCO). Mr. Bunce's appointment becomes effective February 19, 2018. He joins Saxo Bank’s executive team and will report directly to Kim Fournais, CEO and Founder.…
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FCA regulated CFD broker Plus500 Ltd (LON:PLUS) informed that it takes note of the contents of a "Dear CEO letter" that the Financial Conduct Authority (FCA) has issued last week as a public announcement following its review of the CFD market. The announcement highlights the FCA's concerns regarding firms who offer and distribute CFDs to retail…
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Following a strong November which saw its most activity of the year, Copenhagen based multi asset broker Saxo Bank has reported that it ended 2017 with a somewhat slow month of December. December volumes totaled $289 billion at Saxo Bank, down 26% from November's $388 billion. FX volumes comprised 68% of the total in December…
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As 2018 trading pulled into full swing with the new year's first complete week of activity, so did Forex Industry News. And, carrying over from last year, all the key stories appeared only at LeapRate including two key executive moves involving some of the world's leading FX brokers. Who's in and who's out after a…
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Another news from FIA Tech today, the company announced the expansion of its Owner & Controller Repository (OCR) service to securely and confidentially store data for firms offering indirect clearing services under MIFID II. The new Indirect Clearing Lockbox capability allows indirect clearers to store their client account data securely to be accessed by their…
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Bulgarian Presidency begins with EIB loan of EUR 100 million under Juncker Plan for agri-pharma business Huvepharma The European Investment Bank (EIB) loan guaranteed by the European Fund for Strategic Investments (EFSI) will create more than 200 jobs in rural areas and strengthen the agriculture sector in Bulgaria. The deal was signed in Sofia in…
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Forex trading platform developer MetaQuotes just announced that it has stopped selling MetaTrader 4 platform licenses to new customers. The MetaTrader 4 trading platform was released more than 12 years ago. Its architecture was designed under the limitations of that time, due to which it is no longer possible to implement new features that meet today's…
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LeapRate Exclusive... LeapRate has learned that institutional FX broker Global Market Index (or 'GMI') has hired former Exness executive John Taylor as COO of its FCA regulated UK operation, Global Market Index Limited. John Taylor served as CFO of Exness for the past three years, and helped spearhead the launch of Exness' UK operation and FCA…
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