Forex Industry Week Review: GCMFX bankruptcy, GO Markets CEO in, TechFinancials COO out, and lots more… LeapRate

April 23, 2017 BY LeapRate Staff

Forex Industry Week Review: GCMFX bankruptcy, GO Markets CEO in, TechFinancials COO out, and lots more...

Management changes continued to dominate Forex Industry News this week, with all the key changes reported first or exclusively at LeapRate. In more detailed coverage, we unveiled what seems to be behind the bankruptcy of retail forex broker GCMFX - and it certainly wasn't what the company is claiming. Politics also made its way into…

April 21, 2017 BY Valentina Kirilova

Turquoise Plato announces solution to liquidity issues facing small businesses

Plato Partnership Limited, a not-for-profit company bringing creative solutions and efficiencies to today’s equity marketplace, and Turquoise, the European multilateral trading facility, today announce their intention to develop a mechanism that allows users to call a liquidity event for less liquid securities, including small and medium-sized enterprises (SMEs). SMEs are a vital driver of growth…

France enters the blockchain ‘arms race’ with largest European incubator

April 21, 2017 BY LeapRate Staff

Forex brokers cutting leverage ahead of Sunday's Presidential election in France

LeapRate has learned that a number of leading retail forex brokers are altering trading conditions in advance of this Sunday's French elections. The first round of polling is not expected to elect a new President, with the expected final runoff between the two top vote-getting candidates set to take place two weeks later, on Sunday…

April 21, 2017 BY Valentina Kirilova

KCG announces Q1 2017 earnings, Virtu Financial Inc. acquires all shares of KCG's Class A Common Stock

KCG announces consolidated earnings of $0.05 per diluted share for the first quarter of 2017 KCG Holdings, Inc. (NYSE: KCG) today announced that it has reached a definitive agreement for Virtu Financial, Inc. (NASDAQ: VIRT) to acquire all outstanding shares of KCG's Class A Common Stock for $20.00 per share in cash. The price represents…

April 21, 2017 BY Valentina Kirilova

MT5 lands first German client in Forex and CFDs group FXFlat / CapTrader

Forex trading platform developer MetaQuotes has just announced that the first MetaTrader 5 broker in Germany is the company FXFlat. The advent of MetaTrader 5 is going full speed with FXFlat becoming the first German broker to offer an alternative for MetaTrader 4. The company is a full-fledged STP broker regulated by the Federal Financial…

April 21, 2017 BY Valentina Kirilova

Bloomberg and Bats Europe announce joint initiative on MIFID II reporting

Bloomberg and Bats Europe, a CBOE Holdings Inc. (NASDAQ: CBOE) company, have announced they plan to provide Bloomberg customers with the ability to use their respective Approved Publication Arrangements (APA) to fulfil MiFID II transparency reporting requirements. Under MiFID II, market participants are facing a steep increase of reporting tasks they need to manage, for…

April 21, 2017 BY LeapRate Staff

Darwinex parent company Tradeslide grows revenues to $1 million, monthly volume $8 billion

LeapRate Exclusive... LeapRate has learned via regulatory filings made in the UK that FCA regulated broker Tradeslide Trading Tech Limited, which operates the Darwinex.com forex social and copy trading network, has seen a nice bump in Revenues and Profits during its second full year of operation. Darwinex Revenues grew from just €146,500 in 2015 to…

April 21, 2017 BY Valentina Kirilova

ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services

The Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation between OJK and ASIC in the expanding space of innovation in financial services, agreeing to share…

April 21, 2017 BY admin

NEX SEF approved by CFTC allowing EBS customers to trade Forex NDFs

NEX Group plc (LON: NXG) formerly known as ICAP plc, a UK-based business focused on electronic markets and post trade business, announced today that it has received approval from the Commodity Futures Trading Commission (CFTC) for NEX SEF Limited (NEX SEF), a new Swap Execution Facility (SEF). NEX SEF will allow customers to trade Non-Deliverable…

April 20, 2017 BY LeapRate Staff

GCMFX posts bankruptcy reasons, which tell just half the story

The REAL story apparently involves Czech police, organized crime investigators, frozen assets, offshore companies, and suspicions of fraud and money laundering.

Category: Forex

Forex Industry Week Review: GCMFX bankruptcy, GO Markets CEO in, TechFinancials COO out, and lots more...

Turquoise Plato announces solution to liquidity issues facing small businesses

Forex brokers cutting leverage ahead of Sunday's Presidential election in France

KCG announces Q1 2017 earnings, Virtu Financial Inc. acquires all shares of KCG's Class A Common Stock

MT5 lands first German client in Forex and CFDs group FXFlat / CapTrader

Bloomberg and Bats Europe announce joint initiative on MIFID II reporting

ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services

NEX SEF approved by CFTC allowing EBS customers to trade Forex NDFs

GCMFX posts bankruptcy reasons, which tell just half the story

YLG Futures is Now Available On TradingView

RayNeo and Ant Group Launch Hands-Free AR Glasses Payments

PFS Investments to Repay $710,000 Over Mutual Fund Fee Failures

Stifel Fined $175,000 Over Inaccurate Order Routing Disclosures

CME’s Interest Rate Futures Open Interest Hits a New Record