FX Industry Week Review: LMAX splits in two, Plus500 record quarter, Managing Crypto risk, and lots more…

forex industry news update

In the first week for Forex Industry News of 2018…

Why did institutional FX player LMAX split its operations into two separate FCA regulated companies?

What drove Plus500 to (yet another!) record quarter in Q4?

What problems are FX brokers having in managing risk and liquidity from clients increasingly trading cryptos? And, what can be done about it?

Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our most popular, shared and commented-on posts this week at LeapRate included:

LMAX Exchange Global MiFID IILMAX Exchange divides into two FCA regulated companies. Breaking Forex News… Institutional FX player LMAX Exchange Group has divided the company’s operations into two distinct, separate FCA regulated entities. With separate brand names. How (and why!) were LMAX Exchange’s businesses separated? What are the LMAX group’s new operating brand names? Get all the details and explanation, always first at LeapRate.

Plus500 Atletico Madrid FC main sponsorPlus500 sees record Revenues in Q4. The Plus500 train keeps on chugin’. The #2 UK CFDs broker stating that it will report record Revenues for Q4. That, after a monster $116 million Revenue quarter in Q3. Plus500 Ltd (LON:PLUS) shares are trading up 17% this morning in response to the good news. What drove Plus500’s record quarter? Get all the details and analysis, always first at LeapRate.

bitcoin cryptocurrency liquidityThe problem for FX brokers in offering leveraged Cryptos. With bitcoin experiencing parabolic growth, managing risk for brokers is becoming more and more challenging. Initially, FX brokers all swarmed to offer crypto CFDs and now many brokers are either modifying their offering or pausing their expansion into this lucrative asset class. What’s the real problem for FX brokers? And, what to do if you’re an FX broker offering leveraged crypto trading? We’re pleased to present a special guest post on the topic courtesy of Alex Nekritin, Managing Director of liquidity and technology consulting company Nekstream Global. Get all the details, now at LeapRate.

Simon Bird

Exclusive: City Index alum named Chairman of FX broker Ikon FinanceLeapRate Exclusive… LeapRate has learned that Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, has named a former senior City Index executive as its new Chairman. Ikon Finance exited the Retail FX business last year selling its client base to Hantec Markets, and remains on “Closed to new business” status by the FCA. Who is Ikon Finance’s new Chairman? Get all the details, exclusively now at LeapRate.

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