It was a week about change in Forex Industry News. And as usual, you read about it first or exclusively at LeapRate.
The drama at FXCM Inc (NASDAQ:FXCM) cost CEO Drew Niv his job. Longtime Oanda UK CEO Daniel Skowronski left. Investing.com shut its auto trading service for Forex brokers, SignalTrader.com.
In more positive news, LeapRate exclusively reported on BlackRock taking a 9% position in IG Group Holdings plc (LON:IGG).
Some of our most popular, shared and commented-on posts this week at LeapRate included:
Drew Niv out at CEO of FXCM, company to change its name. Breaking Forex News…Not too surprising. Distancing itself from its recent troubles including being banned from its home US forex market, retail forex broker FXCM announced some major changes including the resignation of co-founder and longtime CEO Drew Niv. Who is replacing Drew Niv as CEO? How will the company now be known? Get all the details, now at LeapRate.
Investing.com closes down its auto trading service for Forex brokers, SignalTrader.com. LeapRate Exclusive… LeapRate has learned that popular retail trader website Investing.com has closed down its auto and signal trading service Signal Trader. The company’s signaltrader.com website has also gone offline. Get all the details, exclusively now at LeapRate.
Holland details Forex and Binary Options ad ban – and it isn’t a blanket ban. Dutch regulator Authority for the Financial Markets (AFM) has issued a new report detailing its plans to ban advertising for Forex and Binary Options products. We had reported back in September of Holland’s plan to join France in banning the advertising of leveraged trading products – or what the AFM more derisively calls ‘toxic investment products’. However the ban, still in its proposal phase, is not a blanket ban. So what exactly WILL, and what WON’T be allowed?
BlackRock takes 9.2% position in UK Forex and CFDs broker IG Group.
LeapRate Exclusive… Some of the world’s ‘heavy hitter’ investors seem to be betting on a turnaround in the stocks of UK online brokers.
LeapRate has learned via regulatory filings that BlackRock has upped its position in UK online broker IG Group Holdings plc (LON:IGG) to over 9%. Plus500 and CMC Markets have also attracted large investors, after the shares of all these companies were hit hard late last year in the wake of new FCA proposals for Forex and CFD trading.
Daniel Skowronski resigns as CEO of Retail Forex broker Oanda UK. LeapRate Exclusive… LeapRate has learned via regulatory filings in the UK, and in discussion with industry insiders, that Daniel Skowronski has resigned as CEO of the UK subsidiary of retail forex broker Oanda, Oanda Europe Limited. This marks the latest in a series of recent senior manager departures at Oanda.