On 07 May 2017, Emmanuel Macron won the French presidential election by 66% of the vote, more than polls had predicted. In this report CLS assess whether the two rounds of the French presidential elections had a significant impact on the foreign exchange (FX) spot market, using data published by CLS on Quandl, an on-line…
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LeapRate Exclusive... LeapRate has learned that Jacob Plattner has joined Belize based FX broker Scope Markets as its new CEO. As was exclusively reported at LeapRate last summer, Mr. Plattner resigned his position as Managing Director at FCA licensed broker GKFX, one year after joining the company following five years at Alpari UK, where Mr. Plattner…
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Celer Technologies, a provider of Foreign Exchange trading technology solutions to banks, brokers, buy-side, ECNs and trading venues announced that Rob Wing has joined as Head of Americas and EMEA Sales, based in London. Wing joins from Tradair where he was Managing Director Head of Sales for 3 years, sat on the management team and…
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Continuing a fairly weak month for volumes we have been seeing from leading retail and institutional eFX industry trading venues, CySEC and FCA regulated broker Exness has reported that forex volumes in its system dropped 25% in April, coming in at $234.6 billion. While that marks the slowest month for forex trading at Exness in…
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Nearly five years after it was shut down and its Pakistani CEO subsequently convicted and jailed for fraud, MMA Forex - the foreign exchange trading arm of MMA Group - is back in business and seeking investments all over again. If this is not worrying enough (as Gulf News noted sarcastically), the company is operating…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill launched Tickmill Prime, which is designed to provide brokers, banks, hedge funds, money managers and professional traders with access to FX and CFD liquidity, advanced technology and white label solutions. Tickmill has invested heavily in its infrastructure in Equinix data centres in London,…
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Following our earlier report about the Q1 profit warning it issued, Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has followed up by releasing its full first quarter 2017 results, indicating a major slowdown in business and a large net loss. Overall, Revenues at KVB Kunlun came in at just HK$65.6 million…
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New benchmark ensures accurate and reliable price information for USD/JPY during Japanese trading hours NEX Data, a NEX Group (LON:NXG) business which delivers independent market intelligence and price information for OTC data and NEX Markets, a NEX Group business which provides electronic trading technology and services, just announced the launch of the EBS JPY Benchmark,…
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LeapRate Exclusive... LeapRate has learned that Anthony Mazzarese has made the jump from the FXCM Pro division of Global Brokerage Inc (NASDAQ:GLBR) to investment bank Jefferies LLC, joining Jefferies as SVP FX Prime Brokerage. Mr. Mazzarese rejoined FXCM in 2015 following FXCM's acquisition of CitiFX's mid-market FX margin business. He helped successfully transitioned the CitiFX margin business to FXCM post…
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Tradovate, LLC, an online brokerage firm for active, self-directed futures traders, and Collective2 (C2), the online platform which connects investors with traders, announced today that Tradovate has now integrated C2 into its offering, providing the first commission-free brokerage access to C2 futures trading systems. Collective2 is a marketplace where independent traders and investors can choose,…
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