Category: Forex

Pepperstone UK
June 23, 2017 BY LeapRate Staff

Exclusive: Pepperstone swaps Phil Horner for Mohammed Tayeb on Board ahead of UK FX relaunch

LeapRate Exclusive... LeapRate has learned that Australia based retail forex broker Pepperstone has accepted the resignation of UK director Mohammed Tayeb, replacing him on the board of Pepperstone Limited with the company's Melbourne, Australia based CEO APAC, Phil Horner. The move comes as Pepperstone is scrambling to renew activity in its FCA regulated UK arm. LeapRate…

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Exness UK
June 23, 2017 BY LeapRate Staff

Exness upgrades UK FX brokerage to 'IFPRU €730k' FCA license

Further to our earlier exclusive report that Cyprus-based retail forex broker Exness has made an application to the UK financial regulator FCA to increase the scope of its FCA-licensed arm, Exness Europe Limited (Exness UK), the company today announced that Exness UK has received approval from the FCA to upgrade its permissions to a full scope, "IFPRU…

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AxiTrader UK
June 23, 2017 BY LeapRate Staff

Exclusive: AxiTrader hires London-based Paul Kiff from GKFX as its new Global Head of Trading

LeapRate Exclusive... Australian retail forex broker AxiTrader has taken an interesting step in becoming more of a global broker, while beefing up its FCA-regulated UK operation. LeapRate has learned that AxiTrader has hired industry veteran Paul Kiff to its London team as the new Global Head of Trading. That function will operate our of London, instead of…

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Z.com GMO Click UK
June 23, 2017 BY LeapRate Staff

Exclusive: GMO Click UK retail FX unit Z.com Trade posts £1.8 million loss in Fiscal 2017

LeapRate Exclusive… Even for the largest global retail forex brokers, breaking into the coveted UK online trading market isn't easy. LeapRate has learned via regulatory filings that GMO-Z.com Trade UK Limited, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), posted a £1.8 million (USD $2.3 million) net loss for Fiscal 2017,…

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June 22, 2017 BY Valentina Kirilova

Or-be integrate their Broker CRM with MetaTrader 5

The British developer Or-be announced the integration of their core product CRM Broker Modules with the multi-asset HFT MetaTrader 5 platform. The system broker modules provide abstract functionality with platform integration to allow brokers to control the infrastructure of online acquisitions. Or-be broker modules allow for online account forms to be graded for AML and…

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TORA unavista MiFID reporting
June 22, 2017 BY Valentina Kirilova

TORA Partners with LSEG’s UnaVista for MiFID II transaction reporting

TORA, provider of advanced cloud-based order and execution management system (OEMS), today announced that it has joined the London Stock Exchange Group’s UnaVista Partner Programme to help clients meet the transaction reporting requirements of MiFID II. When MiFID II comes into force in January 2018, buy-side firms will be required to submit transaction reports directly…

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June 22, 2017 BY Valentina Kirilova

RSRCHXchange survey reveals 85% of asset managers expect to comply with MiFID II rules in Q4 or later

Poll of 562 asset managers reveals that two weeks before the regulation enters law, 54% of funds still feel they don’t have enough information on research unbundling, indicating that more education needs to be done. RSRCHXchange, the aggregator and marketplace for institutional research, today released headlines from the results of their latest survey analysing the…

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