FX Industry Week Review: TechFinancials exits Binary Options, New FCA licensed FX broker, FX-MM shut down and lots more…

forex industry news update

While there was much to ponder in Forex Industry News this past week, our coverage was highlighted by a number of senior executive moves at some of the leading FX sector companies.

Who’s the new CEO at RationalFX?

Which former City Index executive is joining Ikon Finance ahead of its relaunch as an institutional FX broker?

Which senior analyst jumped from GKFX to AxiTrader?

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

OptionFair soldTechFinancials exits Binary Options, sells OptionFairBreaking Forex News… Binary options technology and brokerage company TechFinancials is getting out of the broker side of the business. TechFinancials today announced that it has agreed to sell its CySEC licensed subsidiary B.O. TradeFinancials Limited, which operates the OptionFair binary options brokerage brand. Who was OptionFair sold to? How much did TechFinancials get for OptionFair? How are TechFinancials’ shares reacting? And, what will TechFinancials do now? Get all the details, always first at LeapRate.

CrescoFX websiteExclusive: Another foreign FX broker expands to the UK with FCA licenseLeapRate Exclusive… LeapRate has learned that yet another foreign based FX brokerage group has successfully obtained a license from the FCA in the UK and moved its headquarters to London, with plans to expand both its institutional and Retail brokerage operations. The broker currently has a Malta MFSA license. Which broker is the latest FCA license recipient? Who owns and runs the broker? Get all the details, exclusively now at LeapRate.

FXMM magazine closingPopular FX industry B2B magazine and site FX-MM to close. Breaking Forex News… LeapRate has learned that once-popular FX industry B2B magazine FX-MM, which many of you likely have on the coffee table of your office lobby, is planning to shut down operations. Who is it owned by? Why is it shutting down? What did the publisher have to say? Get all the details, now at LeapRate.

IKON Finance websiteExclusive: Former City Index COO joins Ikon Finance ahead of institutional FX relaunch. LeapRate Exclusive… LeapRate has learned that the former COO of spreadbetting broker City Index is “back in the game” after a three year hiatus, joining Ikon Finance Limited, the FCA regulated arm of the global Ikon Group, once one of the world’s largest Retail FX brokers. And Ikon, which still is listed as “Closed to new business” status at the FCA, plans to relaunch the business soon under new management. Who has joined Ikon Finance? Why was Ikon Finance placed on restricted status by the FCA? Get all the details, exclusively now at LeapRate.

James Hughes AxiTraderExclusive: Senior executive jumps from GKFX to AxiTrader. LeapRate Exclusive… In what has become something of a revolving management door among some of the leading FCA regulated Retail FX brokers in London, LeapRate has learned that AxiTrader has hired (another) senior executive from rival GKFX. This actually marks the second senior hire Axi has made from GKFX for its London office over the past few months. So who did AxiTrader hire? In what role? Get all the details, exclusively now at LeapRate.

Other FX executive moves this past week reported at LeapRate:

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