We're not sure if this is the beginning of a new trend. Frankly, we doubt it, although we know that there are certain "advisers" out there encouraging unlicensed Retail FX and CFD brokers to build their credibility by "getting regulated" in exotic locales, when setting up a proper subsidiary in the UK or Cyprus is…
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FCA and BaFin regulated social trading and CFD broker Ayondo has announced that it has become the first company to offer social trading services under a portfolio management licence issued by the German regulator, BaFin. The development means that Ayondo clients can match social trading with their personal investment objectives, and take into account their…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that FCA regulated Goldenway Global Investments (UK) Limited, which operates the GWFX Global retail FX and CFD brokerage brand (at gwfxglobal.com), has added Simon Henry as its new Compliance Officer. Simon Henry was hired by GWFX from London Capital Group Holdings plc (LON:LCG), where he was Head of Compliance for the…
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We normally list the week's key executive moves at the bottom of our weekly FX Industry News summary. However this week saw an extraordinary number of hires and departures involving CFH Systems, AxiTrader, Pepperstone, ADS Securities, CMC Markets Plc (LON:CMCX) - with all these moves being exclusively reported at LeapRate. (What was everyone else writing…
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LUZ Soluções Financeiras, a Brazilian supplier of financial technology founded in 1999 and active across Latin America, announced that has partnered with ULLINK, the global provider of connectivity and electronic trading solutions, to provide turnkey solutions for clients of its front to back solutions. The new, extended trading platform will enable LUZ clients to connect…
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Forex trading platform developer MetaQuotes has announced its latest upgrade to the MetaTrader 5 platform for iPhone and iPad. MetaTrader 5 iOS build 1649 provides the possibility to view market statistics of financial instruments traded in the exchange execution mode. In order to view the statistics, open the menu of any symbol in Market Watch, and select…
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Eze Software, a global provider of investment technology, has partnered with Trade Informatics to enhance its transaction cost analysis (TCA) offerings. The partnership gives Eze Investment Suite users access to Trade Informatics’ advanced post-trade analytics, enabling them to assess their execution performance against key and custom benchmarks. Integration with Eze OMS and Eze EMS allows…
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LeapRate Exclusive... LeapRate has learned that FX industry sales veteran Ross Donoghue has joined the FCA regulated UK arm of Australia based Retail FX broker AxiTrader. Based in London, Ross Donoghue had most recently been with ADS Securities in their London office, and was responsible for launching the launching the retail side of the business…
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Cyprus financial regulator CySEC has issued a circular highlighting the changes which will take effect come January 2018 in how CySEC-regulated brokers can passport their CIF license to other EU countries. Cyprus based CIF license holders, and in particular Retail FX and CFD brokers, rely on passporting to allow them to do everything from take…
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Warsaw based X Trade Brokers Dom Maklerski SA (WSE:XTB), which operates Retail Forex broker XTB.com as well as the X Open Hub trading platform, has announced its financial results for the first half of 2017. The company has already issued last month preliminary Q2 results indicating improved performance for the company over what was a very slow…
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