Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has released its results for the first six months of 2017, indicating that the company is indeed well along in its restructuring and turnaround, but still has a long way to go. On the top line, LCG was able to generate healthy revenue…
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Chubb Limited (NYSE: CB) just announced preliminary loss estimates in the third quarter of 2017 attributable to Hurricanes Harvey and Irma, which impacted Texas, Florida, other southeastern states and the Caribbean. Insured losses for Hurricane Harvey are currently estimated at approximately $650 million pre-tax, or $520 million after tax. Losses for Hurricane Irma are currently…
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LeapRate Exclusive... LeapRate has learned from sources in Israel that Adv. Nizar Alemi has been arrested for tax evasion, involving foreign Forex brokerage companies and bank accounts which he declined to report to local tax authorities. Mr. Alemi was the owner of IBCFX, which for a number of years was a popular Retail FX brand…
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CQG, a global provider of high-performance trade routing, market data, and technical analysis tools, announced today a new release of its latest functionality enhancements. This also marks the beginning of a new quarterly release schedule, in addition to CQG’s annual upgrade. CQG’s Chief Technology Officer John Arvanites said: CQG is continually improving our product suite…
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Vietcombank announced today it has selected Thomson Reuters (NYSE:TRI) Electronic Trading (ET) to power its business in Vietnam and strengthen its presence in both the local and international foreign exchange markets. Foreign exchange trading has significantly increased in Asia, with 21% growth since 2013 - South East Asia in particular is a large part of…
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Aggregation and connectivity solutions provider PrimeXM and trading systems integrator Tickstarter have announced that they will be forming a partnership to promote institutional connectivity for prime brokerages and hedge funds. The new partnership reflects PrimeXM’s vision for growth and will further enhance the company’s commitment to strategic expansion. Cristian Vlasceanu, PrimeXM CEO commented: We are…
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Hotspot, a CBOE Holdings, Inc. (NASDAQ:CBOE) company and a platform for institutional foreign exchange (FX) trading globally, has announced it has aligned its activities across its global business with the principles of the FX Global Code (“the Code”), issuing a Statement of Commitment today. Following a comprehensive internal review, Hotspot’s business practices, procedures, compliance…
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NEX Markets, a NEX Group (LON:NXG) business which provides electronic trading technology services in the fixed income and foreign exchange (FX) markets, announced today that it has launched NEX Quant Analytics, a FX market comprehensive community-based analytics tool for clients trading on the EBS platform. Individual banks and trading houses may use similar analytics internally,…
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Consolidation continues in the Retail Forex market, with the latest contestants in the merger game being FCA regulated Tickmill acquiring CySEC licensed Vipro Markets. The acquisition was effected by Tickmill injecting $2.2 million of new capital into Cyprus-based Vipro Markets Ltd, in return for a majority stake in the company. We understand that operating conditions…
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CFD broker Plus500 Ltd (LON:PLUS) issued its customary end-of-quarter Trading Update today, indicating that both Revenues and Profits are on track to be ahead of expectations. Plus500 did not give any specific numbers or targets. Plus500 reported a "monster" quarter in Q2, as the company has grown to become the #2 UK CFD broker behind only…
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