LeapRate's Daily Forex Industry Newsletter
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Screenshot of a breaking news alert e-mail from Q2 2017
Forex Industry News this past week at LeapRate covered topics including…
Which senior executives have left FX platform and technology provider Leverate? And Saxo Bank?
Which former Retail FX broker CEO (Oanda, Alpari) has launched a new regulated cryptocurrency exchange called DX.Exchange, in partnership with NASDAQ?
Who is behind INFLYX, which has launched regulated liquidity and risk management services for Retail FX and CFD brokers?
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:
Exclusive: Former Oanda and Alpari CEO launches DX regulated crypto exchange. LeapRate Exclusive… One of the best known (and regarded) names in the Retail FX world has resurfaced, this time in the cryptocurrency trading world. The former CEO of the recently acquired Oanda UK business (also previously CEO of Alpari UK), has announced the launch of his new company, DX.Exchange – the world’s first open and transparent marketplace for retail clients, institutions and brokers to trade OTC derivative and crypto products on an exchange in regulated markets around the globe. What is NASDAQ’s role in the launch of DX.Exchange? Where will the exchange be regulated? Get all the details, exclusively at LeapRate.
Exclusive: Leverate Cyprus office head departs for XTB. LeapRate Exclusive…. LeapRate has learned that the management makeover at Forex broker platform and technology provider Leverate is continuing. Leaving Leverate – which holds a CySEC CIF license – is the company’s longtime Cyprus office Managing Director. And, the company has hired the former compliance officer of binary options group TechFinancials / BOT. Leverate has also seen the departure of its Global Head of Sales. Get all the details as to who has moved where, exclusively at LeapRate.
Exclusive: INFLYX launches risk management services to FX and CFD brokers. LeapRate Exclusive… LeapRate has learned that a new EU regulated provider of liquidity and risk management services has launched, called INFLYX. Who is behind INFLYX? Where is INFLYX based? Get all the details, exclusively now at LeapRate.
CySEC clarifies rules for Forex brokers offering cryptocurrency CFDs. Cyprus financial regulator CySEC has just issued a new circular, outlining the rules governing brokers which offer cryptocurrency CFD trading to clients. CySEC began by pointing out – as did UK regulator the FCA last month – that while cryptocurrencies themselves are not considered financial instruments as defined by European rule-setter ESMA, derivatives of cryptocurrencies including crypto CFDs are financial instruments.
Financial results we reported this week include:
- Exclusive: ITI Capital (formerly FXCM Securities) posts 2017 loss of £5 million.
- Exclusive: ActivTrades 2017 Revenues up 16% to £40.4 million, monthly volumes $90 billion.
- Forex broker DF Markets sees Revenues of £2.6M in 2017, Client Funds down to £4.1M.
We also had a number of FX executive moves and news to report including:
- Exclusive: Saxo Bank sees departure of longtime Head of Markets Claus Nielsen.
- Exclusive: David Hastings joins FX prime broker Price Markets as Managing Director.
- CFH Clearing hires IS Prime’s Andy Biggs as Head of Liquidity.
- Playtech shareholders reject CEO and Directors’ pay policy at Annual Meeting.
- Saxo Bank Australia hires JB Markets’ Eleanor Creagh as Markets Strategist.