LeapRate Exclusive... LeapRate has learned that London based, FCA regulated institutional FX broker FIXI plc has posted a loss of £2 million USD ($2.6 million) for fiscal 2017, ahead of a planned expansion of services to the UK retail trading market. FIXI has a March 31 fiscal year end. FIXI's revenues during the year were…
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Multibank FX aggregation service FXSpotStream has reported that volumes in August were up 9.5% MoM, coming in at $19.2 billion ADV. We’d note that volumes were down 14% in July, coming in at $17.6 billion ADV, but June was a near-record month at FXSpotStream, with ADV of $20.3 billion its highest in 2017 and near its…
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LeapRate Exclusive... LeapRate has learned that FX industry executive Nick Beecroft has stepped down from his position as a director on the board of FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, and joined the board of GKFX. Mr. Beecroft had joined FxPro UK's board about a year ago, as…
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In a usually quiet and short end-of-August trading week sandwiched by a Bank Holiday in the UK and the Labor Day weekend in North America, there was still an interesting number of Forex Industry News stories to report - with the week's key stories all appearing exclusively at LeapRate. Which Turkish FX broker has gone…
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LeapRate Exclusive... LeapRate has learned that FCA regulated Retail FX and CFDs broker Destek Markets has made some additions to its senior management team, ahead of a big planned launch of operations later this year. Destek has hired Rowena Harris-Doughty (pictured above) as its new Marketing Director. Ms. Harris-Doughty joins Destek from London Capital Group Holdings plc (LON:LCG),…
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Fiserv, Inc. (NASDAQ:FISV), a global provider of financial services technology solutions, today announced the completion of its acquisition of Monitise plc (LON:MONI), further expanding its digital technology suite to enable financial institutions worldwide to meet customer expectations for innovative digital banking experiences. Two months ago Fiserv shared it has reached agreement on the terms of…
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The Securities and Exchange Commission (SEC) announced that John Cook, Jeffrey Dinwoodie, Raquel Fox, Kristina Littman, Alan Cohen, Christopher Carofine, and Shelby Begany Telle have been named to the executive staff of Chairman Jay Clayton. These executive staff members will advise Chairman Clayton alongside Chief of Staff Lucas Moskowitz, Deputy Chief of Staff Sean Memon,…
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Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced its unaudited interim results for the six month period ended 30 June 2017 (H1 2017). Financial Overview: Group Revenues of US$ 6.97m (H1 2016: US$ 9.86m) Core software licencing revenues on standalone basis totalled US$ 3.58m (H1 2016: US$5.82m) The trading platform revenues totalled…
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Beginning our peek into August 2017 trading volumes at leading eFX trading platforms, data from institutional Forex ECN Hotspot FX indicates that August trading volumes were equal to those of July clocking in at $27.1 billion average daily volume for the month. Similar in pattern to June and July, activity did seem to be stronger in…
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GTX, the institutional FX arm of retail forex broker Gain Capital Holdings Inc (NYSE:GCAP), has reported record trading volumes during the month of August - quite a surprise given the usually quiet nature of summer currency trading in the institutional world. GTX reported total trading volumes of $357.3 billion in August or $15.5 billion ADV,…
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