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 following the publication of the FX Code of Conduct (the Code), it plans to adopt the Code’s principles across its FX trading platforms. NEX Markets played an active role in…
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Financial services company Zopa announced today that it will launch its Innovative Finance ISAs (IFISA) in June. Pending final approval from HMRC, IFISA will be available from 15th June with target returns of up to 6.1%. As Zopa expects investing volumes to be high, the company is giving existing investors priority access ahead of new customers, where…
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Those who follow the comings and goings in the currency trading world will no doubt be noticing the multitude of comments and commentary surrounding the just-released FX Global Code of Conduct. Well, here is a synopsis of some of those comments, from some leading FX sector executives: David Puth, CEO of CLS and Chairman of the…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that electronic trading network operator NEX Group PLC (LON:NXG) has made more than £11.5 million (USD $15 million) worth of bonus share grants to senior management. The largest grant worth $5.4 million went to NEX Group CEO Michael Spencer. DSBP Award PSP Award Total Shares Value £ Value US$…
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In less than two hours, on what might otherwise be a fairly slow day for Forex Industry News, prepare for a slew of press releases and commentary by a variety of FX industry participants (including on this site) on the about-to-be-released FX Global Code of Conduct. The new Code of Conduct, coordinated and formally issued by…
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Foreign exchange execution services and data analytics provider Curex Group announced today that Kevin Cudahy has joined the company as Managing Director. He will focus on business development and institutional FX sales. A 25 year FX markets veteran, Kevin Cudahy spent the last four years at Bloomberg Tradebook, where he most recently was Head of FX Sales…
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CySEC and FSC regulated retail forex broker FIBO Group has announced two new upgrades to its MT4 platform trading options for clients - a new MT4 web version called 'WebTerminal MT4', and a new NDD-No-Commission account. WebTerminal MT4 allows FIBO Group clients to enter a virtual MT4 environment using their usual login and password and trade…
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Saxo Bank has seen a lot of change lately. And much of it the good variety. The company has a new largest-shareholder in Chinese industrial giant Geely Group. Co-founder Lars Seier Christensen, although not involved in day-to-day management for two years, cut his formal ties to the company by selling his stake to Geely. There have…
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LeapRate Exclusive... LeapRate has learned that veteran retail FX executive Khaldoun Sharaiha has become the latest ADS Securities employee to join Equiti.com, the new Retail Forex arm of FX liquidity and prime brokerage solutions provider Divisa Capital. Mr. Sharaiha was Co-Head of Retail Sales at ADS Securities, and will have a similar title at Equiti.com.…
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LeapRate Exclusive... LeapRate has learned from industry sources that FX liquidity and prime brokerage services provider IS Prime has returned £3 million in capital to its major shareholder, International Standard Asset Management (ISAM). FCA regulated IS Prime is controlled by ISAM, an alternative asset manager which specializes in quantitative investing. ISAM set up IS Prime…
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