Management of Hong Kong retail forex broker KVB Kunlun Financial Group Ltd (HKG:6877) probably had other ideas when they decided to move the company's share listing from the HKEX's Growth Enterprise Market (or GEM), Hong Kong's version of the LSE's AIM market, to the HKEX Main Board. KVB Kunlun saw its shares tumble by 18%…
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LeapRate Exclusive... Further to our exclusive coverage of gaming giant Betfred's plans to enter the world of online FX and CFD trading with the launch of the new TradeFred brand, and that the company had received a CIF license from Cyprus regulator CySEC, LeapRate has learned that TradeFred has activated its CIF license and has…
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LeapRate Exclusive... LeapRate has learned that Z.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177) has issued a notice to clients that it will be changing trading conditions on a number of products and accounts. The changes at Z.com Trade will become effective next Monday, December 18. The key…
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Zero-commission online brokerage Robinhood, which launched three years ago with plans to shake up the US (and eventually international) online brokerage market, has announced the launch of commission-free options trades. Robinhood began with a limited release of its options trading today, with plans to expand to what it calls a "full release" early in 2018.…
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FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (LON:LCG) has announced that effective today its shares will be listed on the NEX Exchange Growth Market. LCG shares will also continue to be listed on London Stock Exchange's AIM. The NEX Exchange Growth Market, or "the other London stock exchange", is operated by NEX…
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Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced that 78.5% of the holders of its $172 million of outstanding Convertible Notes voted to approve the company's reorganization plan. The plan will see GLBR enter Chapter 11 bankruptcy reorganization, with the convertible notes "converted" to become non-convertible, their interest rate hiked from 2.25% to 7%,…
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Swiss Forex brokerage house Dukascopy Bank SA just announced that it has entered the new domain of core banking business – retail banking. The cornerstone of its new business model is a combination of online video identification and banking infrastructure built around a modern messenger and social network. Dukascopy has achieved the technological point, at…
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FCA regulated CFD broker Plus500 Ltd (LON:PLUS) just announced that the Monetary Authority of Singapore has granted Plus500SG Pte. Ltd. a Capital Markets Services license for dealing in securities and leveraged foreign exchange trading. The grant of the Capital Markets Services license reflects the scalability of the Company both from a business and a regulatory…
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Global Brokerage, Inc. (NASDAQ:GLBR), formerly known as FXCM Inc, announced today that it has notified The NASDAQ Stock Market (Nasdaq) of its intention to voluntarily withdraw its Class A common stock, par value $0.01 (the "Common Stock"), from listing on The NASDAQ Capital Market (the "Exchange"). Global Brokerage intends to file a Form 25, Notification…
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Tallinn, Estonia based Retail FX brokerage group Admiral Markets has announced the commencement of a planned €5 million capital raise, via an offering of unsecured subordinated bonds. The public offering of unsecured subordinated bonds is arranged by Admiral Markets AS and the subscription period runs from December 8-19, 2017. The issue is targeted both to…
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