FXCM Group LLC, the operating company now running the FXCM retail forex brand, has announced that it has named Brendan Callan as its CEO. Mr. Callan was named interim CEO of FXCM back in February, following the abrupt resignation of FXCM co-founder Drew Niv from the operations of FXCM globally, after Mr. Niv (and FXCM) were…
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Japan retail forex broker Rakuten, Inc. (TYO:4755) and financial technology provider Tradency today announced that the two companies have collaborated to launch the RoboX service. As a result of this newly formed partnership, the RoboX service will become available to Rakuten Securities, retail forex traders. Rakuten will become the first broker offering this service in…
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NEX Group plc (LON:NXG), a financial technology company at the centre of global markets, announced today that Anna Ewing has been appointed to its Board as a non-executive director. She has also been appointed to the Risk Committee. Ewing most recently worked for Nasdaq which she joined in 2000 and spent 15 years with the…
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LeapRate has learned that Stavros Yiannakou has joined CySEC regulated retail FX broker ArgusFX as its new COO. Mr. Yiannakou spent the past five years as Head of Business Development at MAP S.Platis, the leading regulatory consultant firm in Cyprus. He has previously been CEO of TadawulFX (which later became Liquid Markets) after beginning his career as…
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LeapRate Exclusive... LeapRate has learned that popular FX analyst Marshall Gittler has resurfaced, publishing his daily research independently via FX news, data and analytical services provider Claws & Horns. Claws & Horns provides a variety of third party services to retail FX brokers. Its clients have included HiwayFX and LiteForex (see screenshot below). The very…
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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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This past week of Forex Industry News seemed to have it all - regulatory changes, executive moves, social trading launches, lots of broker results, and a whole lot more. And as usual, only LeapRate brought you the key stories - the launch of social trading site Crowd Trading, Ayondo raising money, GKFX's former CEO landing at…
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Seabury Global Markets LLC, a subsidiary of Seabury Capital LLC and a provider of FX and precious metals liquidity management and trade execution solutions, announced today that the company has entered into a strategic partnership with Noble Bank International (Noble), a non-fractional reserve bank that enables clients to clear, net and settle OTC products in…
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KCG Holdings, Inc. (NYSE: KCG) today released trade volumes for the month of April 2017. In Market Making, KCG averaged $26.3 billion dollar volume traded (same number as in March), 11.1 billion shares traded, and 3.3 million trades per day in U.S. equities. In Global Execution Services: KCG Institutional Equities averaged 195.5 million U.S. equity…
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The Hong Kong Securities and Futures Commission (SFC) today entered into a cooperation agreement with the UK Financial Conduct Authority (FCA) to foster collaboration in support of financial technology (Fintech) innovation. Under the agreement, the SFC and the FCA will cooperate on information sharing and referrals of innovative firms seeking to enter one another’s markets.…
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