LMAX Exchange white paper suggests new blueprint for TCA in the global FX market LeapRate

May 15, 2017 BY LeapRate Staff

LMAX Exchange white paper suggests new blueprint for TCA in the global FX market

LMAX Exchange, the FCA regulated MTF for global FX trading, has issued a white paper several months in the making. LMAX's report is a scathing review regarding the way the institutional global FX market works today, and offers ways to fix things. The LMAX Exchange white paper calls for industry-wide consultation and collaboration to agree consistent TCA…

May 15, 2017 BY Valentina Kirilova

NEX Group releases full-year results, revenue from continuing operations increased by 18% YoY

The financial technology company NEX Group plc (LON:NXG) just announced its audited results for the year ended 31 March 2017. Some of the highlights include: ICAP Global Broking division: sold for £1.3 billion Revenue from continuing operations increased by 18% to £543 million (2015/16: £460 million), an increase of 8% on a constant currency basis…

May 15, 2017 BY LeapRate Staff

FX Executive Moves: Nidal Abdelhadi joins ADS Securities from Advanced Markets as Head of Institutional Sales

LeapRate has learned that experienced Forex industry executive Nidal Abdelhadi has joined Abu Dhabi based FX brokerage house ADS Securities as its new Head of Global Institutional Sales. A native of Jordan, Mr. Abdelhadi began his FX career with Jordanian-owned but Swiss-based MIG Bank, spending 10 years at MIG moving up the ranks from regional…

May 15, 2017 BY LeapRate Staff

FXCM removes 'Interim' tag from title of operating company CEO Brendan Callan

FXCM Group LLC, the operating company now running the FXCM retail forex brand, has announced that it has named Brendan Callan as its CEO. Mr. Callan was named interim CEO of FXCM back in February, following the abrupt resignation of FXCM co-founder Drew Niv from the operations of FXCM globally, after Mr. Niv (and FXCM) were…

May 15, 2017 BY Valentina Kirilova

Rakuten becomes first Japan forex broker to launch Tradency’s RoboX FX robot trading platform

Japan retail forex broker Rakuten, Inc. (TYO:4755) and financial technology provider Tradency today announced that the two companies have collaborated to launch the RoboX service. As a result of this newly formed partnership, the RoboX service will become available to Rakuten Securities, retail forex traders. Rakuten will become the first broker offering this service in…

May 15, 2017 BY Valentina Kirilova

NEX Group adds former Nasdaq CIO and STEM Education advocate Anna Ewing to its board of directors

NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today that Anna Ewing has been appointed to its Board as a non-executive director. She has also been appointed to the Risk Committee. Ewing most recently worked for Nasdaq which she joined in 2000 and spent 15 years with the…

May 15, 2017 BY LeapRate Staff

FX regulatory expert Stavros Yiannakou jumps from MAP S.Platis to be COO of ArgusFX

LeapRate has learned that Stavros Yiannakou has joined CySEC regulated retail FX broker ArgusFX as its new COO. Mr. Yiannakou spent the past five years as Head of Business Development at MAP S.Platis, the leading regulatory consultant firm in Cyprus. He has previously been CEO of TadawulFX (which later became Liquid Markets) after beginning his career as…

May 15, 2017 BY LeapRate Staff

Marshall Gittler starts distributing his daily FX research via Claws & Horns service

LeapRate Exclusive... LeapRate has learned that popular FX analyst Marshall Gittler has resurfaced, publishing his daily research independently via FX news, data and analytical services provider Claws & Horns. Claws & Horns provides a variety of third party services to retail FX brokers. Its clients have included HiwayFX and LiteForex (see screenshot below). The very…

May 15, 2017 BY LeapRate Staff

Forex broker XTB issues Q1 report confirming 38% Revenue drop, Belize CFDs acquisition

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 issued its full Q1 results report after earlier issuing a preliminary filing indicating that Q1 was a fairly slow one for the group. XTB continued its quite unusual pattern of up-and-down…

May 14, 2017 BY LeapRate Staff

Forex Industry Week Review: Germany CFD rules, FXCM delisting, broker results, and lots more…

This past week of Forex Industry News seemed to have it all - regulatory changes, executive moves, social trading launches, lots of broker results, and a whole lot more. And as usual, only LeapRate brought you the key stories - the launch of social trading site Crowd Trading, Ayondo raising money, GKFX's former CEO landing at…

Category: Forex