FX Industry Week Review: Forex Executive moves, Binary Options license surrendered, GTX sale explained, and lots more

Forex Industry News was highlighted this week by a number of senior FX executive moves, all of which were reported exclusively or first at LeapRate.

Who is the new CEO at GKFX?

Where did former NetDania CEO Jonas Nielsen move to?

Which institutional FX B2B firm did AMB Prime executive Paul Orford join?

Who is Saxo Bank’s new Head of Operations?

Which FCA regulated broker surrendered its Binary Options license?

Beyond the game of FX musical chairs, we were pleased to report an exclusive conversation with GAIN Capital CEO Glenn Stevens on the thought process behind the company’s decision to sell its institutional FX arm GTX to 360T for $100 million.

Some of our most viewed and commented-on posts from the past week include:

Why did GAIN Capital sell GTX to 360T? ​LeapRate Exclusive Interview… The name GTX has been associated for years with parent GAIN Capital. And so the news late last month of GTX being sold for $100 million to Deutsche Boerse AG’s 360T unit came of something of a surprise to many in the FX world – especially as GTX just announced its best-ever month for trading volumes in May 2018. Why did GAIN Capital decided to sell now? How did the deal come together? We’re pleased to speak today with GAIN Capital CEO Glenn Stevens. Here is what he had to say, exclusively at LeapRate.

gkfx tradingExclusive: GKFX goes outside the company to hire a new CEO. ​​LeapRate Exclusive…  LeapRate has learned that London based Retail FX group GKFX has gone outside the company to hire a new CEO, to replace its recently departed chief executive Brian Myers. Who is GKFX’s new CEO? Get all the details, exclusively at LeapRate.

Exclusive: Paul Orford leaves AMB Prime, joins FX liquidity solutions provider​LeapRate Exclusive… LeapRate has learned that FX industry veteran Paul Orford has left AMB Prime, and joined a fast-rising regulated liquidity solutions provider, as the company’s Head of Institutional Sales. Which company has Paul Orford joined? Get all the details, exclusively at LeapRate.

saxo bank officeExclusive: Saxo Bank goes outside to hire new Head of Operations. LeapRate Exclusive… The revolving door to Saxo Bank’s management suite has continued to swing, with another outside executive brought in for a key role. LeapRate has learned that Saxo has brought on board a former Nordea executive as the company’s new Head of Operations. Get all the details, exclusively at LeapRate.

morgan stanley times squareExclusive: Morgan Stanley sells 6% stake in Plus500 as shares soar. LeapRate Exclusive… LeapRate has learned via regulatory filings that US based investment banking giant Morgan Stanley (NYSE:MS) has cut its long-held position in FCA regulated FX and CFDs broker Plus500 Ltd (LON:PLUS) from 6% to under 3%. How much was Morgan Stanley’s stake in Plus500 worth? Why did they sell now? Get all the details, exclusively at LeapRate.

FxPro officesExclusive: FxPro UK 2017 Revenues and Volumes. ​​LeapRate Exclusive… LeapRate has learned via regulatory filings that FxPro UK Limited, the FCA regulated arm of global Retail FX broker FxPro, saw a healthy increase in activity in 2017. What were FxPro UK’s monthly volumes in 2017? What were FxPro UK Revenues? Who is running FxPro UK? Get all the details, exclusively at LeapRate.

Exclusive: Former NetDania CEO Jonas Nielsen joins​LeapRate Exclusive… LeapRate has learned that Jonas Nielsen, CEO of FX platform, data and charting provider NetDania Markets for the past 8 years, has a new executive role at another FX sector company. Where has Jonas Nielsen landed? Get all the details, exclusively at LeapRate.

hirose uk websiteExclusive: Hirose UK 2018 revenues fall 36%, drops license. ​LeapRate Exclusive… LeapRate has learned that Hirose Financial UK Ltd., the FCA regulated arm of Japanese retail forex brokerage group Hirose Tusyo, saw its Revenues tumble 36% in Fiscal 2018. And, that the company surrendered one of its UK regulatory licenses, in a shift in strategy. Why did Hirose UK surrender a license? What is its current shift in strategy? Get all the details, exclusively at LeapRate.

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