LeapRate Exclusive... LeapRate has learned via regulatory filings that FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, saw a healthy increase in activity in 2017. FxPro UK grew its Revenue base by 36% in 2017 to £4.4 million (USD $5.9 million), up from £3.2 million in 2016. The company turned in a…
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LeapRate Exclusive... LeapRate has learned that London based Retail FX group GKFX has gone outside the company to hire a new CEO, to replace its recently departed chief executive Brian Myers. Joining GKFX as its new CEO is Rob Woolfe, formerly a co-founder and CEO of UK/Cyprus spreadbetting firm Capital Index. We expect the company…
Read moreItiviti, the global provider of multi-asset trading technology and financial infrastructure, today announced that it has become the first independent software vendor to support SGX’s requirement to reconcile trades within 30 minutes after a market disruption. The fully automated solution, part of Itiviti’s SGX market access gateway, will enable members to meet the exchange’s 30-minute…
Read moreCopenhagen based Forex and multi asset broker Saxo Bank today announced the appointment of Eric Krueger to a newly established position as Global Head of Client Services, effective from 2 July 2018. He will report directly to Damian Bunce, CCO of Saxo Bank A/S. Krueger will play a lead role in managing and developing Saxo…
Read moreNasdaq (Nasdaq:NDAQ) has announced that it is establishing connectivity to three data centers in Hong Kong to increase its service to the Asia-Pacific (APAC) region through a Nasdaq Point of Presence (POP), helping to provide more efficient, cost-effective access to Nasdaq financial data in the region. In July, Nasdaq will begin to offer easy access…
Read moreWhy is the Playtech acquisition of Alpha Capital Markets likely to be completed at a much lower valuation than the previously advertised $150 million? Which business line did GAIN Capital shutter? Will ESMA's binary options ban and CFD leverage cap, set to come into effect this summer, apply to non-EU clients of EU brokers? How…
Read moreTaking an interesting twist on sports investing, Switzerland based online trading group Swissquote Group Holding SA (SWX:SQN) has launched a Football Fever Certificate, allowing investors access to a basket of listed companies comprised of World Cup sponsors and European football clubs. The Football Fever Certificate can be traded on the Swiss stock exchange (SIX), under the…
Read moreLeapRate Exclusive... LeapRate has learned that Copenhagen based Retail FX broker Saxo Bank has added another member to its senior management team, hiring longtime Nordea executive Oliver Zecevic as the company's new Head of Operations. Oliver Zecevic had been with Nordea for his entire working career, joining the Danish based banking and financial group out of…
Read moreNational Settlement Depository (NSD), Russia’s central securities depository, and Interfax Group have announced that they have launched the integrated product RU Data Price, which allows institutional investors to access a full set of data to analyze market risks and generate regulatory reports, in particular, to evaluate the fair price of bonds. The new service has…
Read moreFollowing a fairly slow April, FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP) saw a healthy uptick in activity in May. Retail FX volumes were up by 9% MoM to $243.3 billion at the company's FOREX.com and City Index brands, or $11.1 billion in average daily volumes. Institutional volumes at GAIN's GTX brand soared by…
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