FX Industry Week Review: Forex broker gives up CySEC license, LCG and ETX results, and lots more

forex industry news update

Which Retail FX broker was the latest to renounce its CySEC CIF license, and leave Cyprus?

Were ETX Capital and LCG able to rebound from losses in their most recently reported fiscal periods?

Who became the latest significant institutional investor in Markets.com parent Playtech?

Which FX industry executives changed places this week? (There were several!).

Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and commented-on posts from the past week include:

new CySEC licenseExclusive: (Another) FX broker giving up CySEC license, COO resigns. LeapRate Exclusive… LeapRate has learned that yet another Retail FX broker has made an application to voluntarily renounce its CySEC CIF license. The broker’s longtime COO (since 2014) has also resigned. Which Retail FX broker is the latest to give up its CySEC license? Who is the resigning COO? Get all the details, exclusively at LeapRate.

Gain Capital forex.comGAIN Capital’s FOREX.com sees multi-year low in FX trading volumes. Continuing something of a disturbing trend over the past few months, data from FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) indicate that September was the company’s slowest as far as trading volumes go looking back a number of years. How low did volumes dip at FOREX.com? Get all the details, always first at LeapRate.

Michael Davies Stater GlobalMichael Davies leaves Sucden for Head of Sales role at… Michael Davies, who had been with Sucden Financial for the past 14+ years including as Head of eFX Sales EMEA for the past two years, has become the latest executive to leave Sucden. He has taken on a new role as Global Head of Sales at a rival FX Prime of Prime broker. Where did Michael Davies go? Get all the details, always first at LeapRate.

LCG trading floorLCG reports strong growth in Revenues and Volumes in 1H-2018. FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group has reported its best results in a number of years, including its first net profit in a long time. What were LCG’s monthly volumes so far in 2018? By how much did Revenues grow over 2017? Get all the details, exclusively at LeapRate.

etx capital office trading floorExclusive: ETX Capital returns to profit in 2017 with new strategy. LeapRate Exclusive… After posting a loss of £2.7M in 2016, LeapRate has learned that FCA regulated broker ETX Capital was able to turn things around in 2017, posting a modest profit of £264,000 for the year. What is the new strategy at ETX Capital? What level of client assets does ETX now hold? (Hint: more than double 2016). What management turnover happened at ETX during 2017? Get all the details, exclusively at LeapRate.

playtech officesPlaytech gets another institutional investor. After seeing UK hedge fund Odey Asset Management acquire a 5% stake in the company a month ago, online gaming and financial trading company Playtech PLC (LON:PTEC) has had another institutional investor jump in and buy a slightly smaller but still significant 3% interest in Playtech. Who is Playtech’s latest institutional investor? Get all the details, exclusively now at LeapRate.

Lars Olesen IntegralExclusive: Integral hires ex Lloyds and Saxo exec to head EMEALeapRate Exclusive… LeapRate has learned that Silicon Valley based cloud-based eFX platform company Integral has made its second significant hire in as many months, adding a former MF Global, Lloyds and Saxo Bank executive in London as the company’s new Head of EMEA. Who is Integral’s new Europe head? Get all the details, exclusively at LeapRate.

Read Also: