Forex brokerage company Admiral Markets Group AS has recently announced a change to its management structure. Two of the board members, Sergei Bogatenkov and James Chernikov have remained part of the board, while three new board members were appointed to complete the team: Jens Chrzanowski, Mindaugas Deksnys and Victor Gherbovet. They will be in charge of…
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'Buy the Rumor, Sell the News’ in Euro After Macron Victory.
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Italian financial regulator CONSOB has issued a warning regarding Retail Forex broker UP4X, owned by Up4X Ltd and operating from website up4x.com. According to CONSOB, UP4X ltd is not authorized to perform investment services and activities in Italy. On the company's website it shows a license from offshore location Vanuatu. The company's main telephone line…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Forex and CFD brokerage GCM Prime Ltd has grown its business nicely in its first full year of operation. For the nine months ended December 31, 2016, GCM Prime brought in Revenues of £1.5 million, had an operating loss of £227,000, and grew its Client…
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LeapRate Exclusive… LeapRate has learned via regulatory filings that FCA regulated Retail Forex and CFD brokerage HYCM brought in revenues of £3.1 million in 2016, a figure virtually identical to that of 2015. Net profit for the year at HYCM of £362,000 was also about the same as last year. The results include those of HYCM…
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Thin liquidity pre-market, but EURUSD up around 30-pips from Friday's close after Macron landslide.
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In one of the busiest weeks of the year in Forex Industry News at LeapRate, we had a little (actually, a lot!) of everything - exclusive coverage of new CySEC licenses granted to several forex-related entities, financial results both good and bad from a number of Retail and Institutional FX players, and executive moves at…
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Coming soon will be the first of their kind gold futures contracts denominated in CNH and US$ available on the same platform. Hong Kong Exchanges and Clearing Limited (HKEX) plans to introduce physically settled CNH (offshore Renminbi, or RMB) and US dollar (US$) Gold Futures contracts in the third quarter of this year, subject to…
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Hotspot, a CBOE Holdings, Inc (NASDAQ: CBOE) company and institutional FX trading ECN market has announced the first anonymous outright deliverable forward FX transaction executed on the platform. Hotspot is the first platform to provide outright deliverable forwards on an anonymous central limit order book. Further, it is the first platform to allow prime brokerage…
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Institutional FX brokerage ACM Group plc, more commonly known in the industry as just Alpha, has issued its results report for the first half of fiscal 2017 (September 30 year end, first half results are through March 31, 2017). At the half year mark the transformation process that the company began during the previous financial…
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