Forex Industry Week Review – Ayondo and XTB IPOs, DDoS attacks, CySEC Binary Options rules, and lots more

Forex industry news at LeapRate was certainly dominated this week by IPO fever. With equity markets especially for tech and growth companies in both the US and Europe having a hot start to 2016, companies having the results to back up their stories are now looking to go public.

And the Forex sector is no exception.

Two of our most popular posts of the past week covered the beginning of Poland-based XTB Online Trading’s IPO roadshow, and the plans of social trading pioneer Ayondo to go public in Singapore via a Reverse Takeover. Both companies target valuations in the hundreds of millions of dollars.

Some of the most popular, shared and commented-on posts this past week on LeapRate included:

Ayondo IPO reverse takeoverAyondo planning $155 million ‘Reverse Takeover’ IPO on Singapore Exchange. Social trading pioneer Ayondo has announced plans for a listing for the company on the Singapore Exchange (SGX), which would result in the company having market capitalization in the USD $155 million range. FCA-regulated Ayondo stated that it is in advanced negotiations with an SGX-listed company on a Reverse Takeover transaction. What is a Reverse Takeover? And why do a Reverse Takeover, instead of a traditional IPO?

XTB looks to raise $56 million in IPO on Warsaw Exchange. Continuing what seems to be a hot market worldwide for shares of retail forex brokers, Poland-based XTB Online Broekrs has begun the process of its planned $56 million IPO on the Warsaw Exchange. What were XTB’s most recent annual Revenues and Profits? What will XTB’s valuation be in the IPO goes as planned? Who are XTB’s largest shareholders?

binary options transparencyCySEC issues new directives focusing on increased transparency for Binary Options trading. Cyprus financial regulator CySEC has issued some new directives on Binary Options trading, centering on required increasing transparency from binary options brokers. CySEC has given regulated binary options brokers on the island three months to demonstrate that they are in full compliance with all aspects of the new directives, centered on giving binary options traders more information on binary options pricing as well as buyout / exit pricing. CySEC’s moves come after the binary options sector has come under increased scrutiny by regulators in several jurisdictions worldwide. Cyprus remains one of the few recognized regulators which actively licenses and regulates binary options brokers.

Exness experiences DDoS attacks leading to service disruptionsLeapRate Exclusive… The ugly specter of DDoS attacks against retail forex brokers seems to be back. Retail Forex broker Exness earlier today issued a note to clients regarding ongoing DDoS attacks causing service disruptions affecting the broker’s website and trading terminals. The first of the attacks affected the clients’ Personal Area, whereas another was detected last night and targeted Exness’ trading servers. Although the issue has been resolved, some clients may experience slow MT4 connection, the broker notes. Exness stresses that clients’ personal data and funds stayed unaffected.

ATC Brokers settlementATC Brokers withdraws bankruptcy filing after settlement – the real story. LeapRate has learned that Avail Trading Corp., the California-based introducing broker which operates as ATC Brokers, has reached a settlement with its former client George Bos who had earlier won a $1.6 million lawsuit against ATC and its CEO David Manoukian. Following the settlement, both ATC and Manoukian withdrew their respective corporate and personal Chapter 11 bankruptcy filings. Why did ATC decided to settle the case, instead of sticking it out with the appeals court? What happens from here with ATC? (And what does this all have to do with FXCM?).

Amana Capital secures license to operate in the Dubai International Financial Center.

Andrew Gibson leaves FastMatch after 4 months in European sales – LeapRate Exclusive.

ETX Capital unveils trader sentiment mapper.



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