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…
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Interdealer broker TP ICAP (LON:TCAP) has agreed a £270 million bulk annuity for its defined benefit pension scheme with Rothesay Life. Both TP ICAP and the Trustees of the Tullett Prebon Pension Scheme have moved to protect the retirement income of its members. A bulk annuity is an insurance policy through which a pension scheme…
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Global retail forex broker HotForex has announced the launch of a dedicated office in Johannesburg. HotForex is a unified brand name of the HF Markets Group, which includes HF Markets SA (PTY) Ltd, an authorized Financial Service Provider by the South Africa FSB. HotForex was granted the FSB license last summer. HotForex Managing Director Aristos…
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LeapRate Exclusive... LeapRate has learned that Jacob Plattner has joined Belize based FX broker Scope Markets as its new CEO. As was exclusively reported at LeapRate last summer, Mr. Plattner resigned his position as Managing Director at FCA licensed broker GKFX, one year after joining the company following five years at Alpari UK, where Mr. Plattner…
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Continuing a fairly weak month for volumes we have been seeing from leading retail and institutional eFX industry trading venues, CySEC and FCA regulated broker Exness has reported that forex volumes in its system dropped 25% in April, coming in at $234.6 billion. While that marks the slowest month for forex trading at Exness in…
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Nearly five years after it was shut down and its Pakistani CEO subsequently convicted and jailed for fraud, MMA Forex - the foreign exchange trading arm of MMA Group - is back in business and seeking investments all over again. If this is not worrying enough (as Gulf News noted sarcastically), the company is operating…
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UK FCA regulated global provider of FX and CFD brokerage services Tickmill launched Tickmill Prime, which is designed to provide brokers, banks, hedge funds, money managers and professional traders with access to FX and CFD liquidity, advanced technology and white label solutions. Tickmill has invested heavily in its infrastructure in Equinix data centres in London,…
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Following our earlier report about the Q1 profit warning it issued, Hong Kong Forex retail forex broker KVB Kunlun Financial Group Ltd (HKG:8077) has followed up by releasing its full first quarter 2017 results, indicating a major slowdown in business and a large net loss. Overall, Revenues at KVB Kunlun came in at just HK$65.6 million…
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SFC regulated multi-asset brokerage Blackwell Global Hong Kong has today announced that it has appointed finance veteran Gary Cheung Wai Kwok as Chief Executive Officer with immediate effect. Mr Cheung’s leadership appointment is part of a rigorous and comprehensive nomination that was made in alignment with the company’s mission and direction. He has been in…
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Prime Broker and Clearing firm GPP announced that it relocates to larger offices to accommodate growing business lines and coincides move with a rebrand and new website. So far GPP's number of clients is up 14% compared to last year. In February GPP launched Structured Products Business and is set to launch new business lines…
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