Our lead Forex Industry News story of the week - our exclusive account of what happened to Retail FX broker BMFN in China - seems to have created a lot of flack and discussion. What happened to BMFN - being told to leave China - is clearly also happening to some other foreign FX brokers…
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Online gaming and financial trading systems giant Playtech PLC (LON:PTEC) has announced that it has been selected by Totalizator Sportowy, the Polish national lottery provider, to supply its industry-leading online casino platform, games portfolio and services. Playtech was awarded the exclusive contract with the 60-year-old state owned operator following a successful public tender process. Totalizator Sportowy’s…
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Marex Solutions, a division of global commodities broker Marex Spectron specialising in the manufacture of customised OTC derivatives, has launched a structured investment product offering. This new structured investment business customises notes, backed by Marex Spectron or third-party corporates, and includes capital protected, participation, yield enhancement and leveraged products on commodities, equities, foreign exchange, credit and…
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Retail FX broker FOREX.com, a Gain Capital Holdings Inc (NYSE:GCAP) brand, has appointed digital agency Croud Inc. as its SEO partner in the US. Connecting independent traders to the global currency markets since 2001, FOREX.com operates across North America, Europe, and Asia Pacific. Its parent company, Gain Capital, provides over 140,000 retail and institutional investors…
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Further to our report last night that the founding group of CFD broker Plus500 Ltd (LON:PLUS) was planning to sell some of its stake in the company in a secondary share sale organized by broker Liberum Capital, Plus500 this morning announced that the deal was completed, on the terms which were expected. Plus500's founders (see list below)…
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As we had reported they would back in early January, Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has reported record results for 2017, driven in part by large numbers of new account openings from a new generation of cryptocurrency traders. Our analysis also shows that Swissquote's eFX business had its best period…
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After the close of trading Thursday afternoon, CFD broker Plus500 Ltd (LON:PLUS) announced that a group of its founders, none of whom is involved any more in the day-to-day management of the business, are selling about a third of their remaining aggregate holdings in the company, in a secondary share sale organized by broker Liberum Capital.…
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Continuing the stream of strong and record FX trading volumes we’ve been seeing from leading retail and institutional eFX venues to start off 2018, multibank FX aggregation service FXSpotStream has announced that February FX trading volumes came in at $28.8 billion ADV, topping January's $26.3 billion by 9% and making February 2018 FXSpotStream’s best month…
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Belize financial regulator IFSC has issued a series of warnings about a number of Retail FX and Binary options brokers which are sporting fake IFSC licenses. First up on the warning list is a firm called FXBrokerPro Ltd., which operates the fxbrokerpro.com website. FXBrokerPro's website claims, in fairly poorly worded English, that "FX Broker Pro…
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Exchange operator Cboe Global Markets Inc. (NASDAQ: CBOE) has announced that it is now providing its Cboe Top real-time stock quote and trade information via oneZero Financial Systems, a software and infratstructure provider for institutional and retail brokers. The Cboe Top feed is a market data product from Cboe Global Markets, one of the largest…
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