LeapRate Exclusive... LeapRate has learned that China based Formax Group's acquisition late last year of social / copy trading platform provider ZuluTrade, and related companies, was concluded at a price of USD $12.41 million. Formax actually acquired a lot more than just the ZuluTrade name, technology and platform. Indeed, when breaking down the purchase price,…
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Auto and copy trading technology provider Tradency has announced the release of its new & improved Mirror Trader platform, with mid-size Japanese retail forex broker Central Tanshi FX (CTFX) as its first client to put it into use. Tradency has had some success recently in Japan, where auto and copy trading is very popular among retail…
Read moreLeapRate has learned that social and copy trading platform Collective2 is attempting to raise $5 million to grow its business, in a private placement with accredited investors. Collective2.com is a U.S. website that connects investors with traders. Collective2 was founded in 2001. It claims to have more than 90,000 registered users, with over $40 million dollars of investor…
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Read moreWith Tradency and its CEO Lior Nabat having invented the Mirror Trading concept more than a decade ago, when the company launches a new product it pays to pay attention. LeapRate was pleased to speak recently with Lior and Tradency's VP of Sales Oz Golan, to get an inside peek at its latest offering called…
Read moreThe independence of social trading continues as X Open Hub includes ZuluTrade in its broker solution The onset of opensource solutions with which FX brokers can select the modus operandi themselves prevailed last year, with many technology firms understanding that brokers need to differentiate their product ranges from those of their competitors. This applies also…
Read moreSocial and copy trading provider Tradency is furthering its commitment to the Japanese market by cooperating with financial IT specialist Simplex Copy trading platform providers continue to make it clear that resting on their laurels is not part of their mantra, especially when in the popularity of such systems in current times has created widespread competition…
Read moreSirix allows social interaction and copy trading among clients of many brokers within the Sirix system. Leading forex platform provider Leverate has announced a significant upgrade to its Sirix social and copy trading platform, bringing social trading functionality to the Sirix Mobile HTML5 platform. This addition allows mobile traders to join the Sirix Social Community and…
Read more66% of all forex transactions are electronic, to rise to 81% by 2018 A Bloomberg article is citing research from Boston based Aite Group LLC that 66% of all transactions in the currency markets in 2013 have been conducted through electronic dealing. The numbers are only expected to rise in the coming years reaching 81%…
Read moreMore and more information is getting to clients via distributed social networks. We covered last week the launch of Saxo Bank's social trading platform TradingFloor.com, which was actually a rebranding of Saxo's existing research and information site into a social one. What we found interesting over the following few days was the social media blitz…
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