It was another very busy week of Forex Industry News, with LeapRate once again bringing you exclusively the big stories of the week – Pepperstone UK suspending all trading, and ETX Capital making another acquisition.
There were also a number of senior personnel moves this week involving ADS Securities, INFINOX, and JFD Brokers.
Our most popular guest posts this past week were:
- 3 myths about owning a forex brokerage busted from Adinah Brown at Leverate,
- Low Forex Volatility? Here’s what you need to do, courtesy of Jens Chrzanowski, from Admiral Markets UK.
Some of our most popular, shared and commented-on posts this week at LeapRate included:
Pepperstone suspends Forex trading in the UK. LeapRate Exclusive… LeapRate has learned that Australia-based retail forex broker Pepperstone has suspended trading for clients in its UK subsidiary Pepperstone Limited. LeapRate had exclusively reported last September on Pepperstone’s somewhat quiet entry into the FCA regulated broker market, buying shell company 123FX.com. So what happened? Get all the details, exclusively now at LeapRate.
ETX Capital completes third major client acquisition in three years. LeapRate Exclusive… LeapRate has learned that FCA regulated Retail Forex brokerage ETX Capital has made another major acquisition of the client list of an active Forex brokerage, its third such acquisition over the past three years. And apparently it is looking for more. Who did ETX Capital buy? Get all the details, exclusively now at LeapRate.
TechFinancials to receive additional $1.5 million payout from Asia binary options JV DragonFinancials. Binary options platform provider and operator TechFinancials Inc (LON:TECH) has announced that it will receive an additional $1.5 million dividend payout from its DragonFinancials joint venture subsidiary, which focuses on the Asia Pacific region. This follows the $1 million dividend which TechFinancials received from DragonFinancials last November.
Swissquote reports rise in 2016 Revenues and Profit, Forex business declines. Swiss online banking and brokerage leader Swissquote Group Holding SA (SWX:SQN) has announced its results for 2016, indicating a nice rise in both Revenues and profitability. All areas of Swissquote contributed to the increase – except the company’s eForex business which saw slightly lower trading volumes, although margins did increase along with eForex customer assets. What were Swissquote’s monthly forex volumes in 2016?
JFD Brokers adds Forex regulatory expert Demetris Tsingis to its Board. LeapRate Exclusive… LeapRate has learned that CySEC regulated retail forex and CFDs broker JFD Brokers has added Demetris Tsingis to its Board of Directors as an independent non-executive director.
Retail Forex and CFD broker INFINOX ups client insurance protection to £500,000. In a move to ensure higher security and peace of mind of its clients, and in addition to the protection afforded to the retail investors by the FSCS, INFINOX has covered each retail client individually up to £500,000.
ADS Securities hires Goldman Sachs veteran Adam Clayton to head Investment Banking.
Sucden Financial hires ABN Amro Exec Noel Singh to head non-bank FX prime brokerage.