It will be a long time before we better understand the implications of the #VoteLeave victory in last week's UK Brexit referendum. Indeed it will be a while - perhaps even months or years - before we really find out what the new relationship will be between the UK and the rest of Europe. And what…
Read moreOnline trading firm IG Group Holdings plc (LON:IGG), the largest of the UK-based online financial spreadbetting firms, has issued a statement on its operations over the past day since news broke of the Leave side victory in the UK Brexit referendum. IG reported that it managed its operations and exposure very effectively through the night and into today,…
Read moreWhen asked once about why shares in his company were lagging, former Telegraph proprietor Conrad Black told analysts: The market is always right. A fairly honest admission by an embattled CEO, but also very correct. When people have to put real money to work, the invisible hand of the market usually prices things correctly. Usually.…
Read moreIs it the calm before the storm? Or just plain ol' calm? With Brexit Referendum Day finally here and UK residents well into their day of voting, financial markets were behaving quite nicely with a very clear positive risk-on bias. In the UK, the FTSE 100 was up 1.5% two and a half hours into…
Read moreWith just one day to go until the UK Brexit referendum actually happens, the chances of the Remain side winning seem to be rising. At least according to those putting real money down on the final result. We have been following the Brexit Barometer created by leading online trading firm IG Group Holdings plc (LON:IGG) over…
Read moreLeapRate broke the news earlier today of the proposed recapitalization at FCA regulated online trading firm London Capital Group Holdings plc (LON:LCG), which will see CEO Charles-Henri Sabet and his partners inject £10 million (USD $14.6 million) into the company. We referenced in our coverage a filing which the company made with the London Stock Exchange…
Read moreWill the UK leave the EU? Traders placing bets on the IG Group binary market created for the Brexit vote seem to say 'No'. Just three days before the historic UK Brexit referendum, the 'Brexit Barometer' tracked by leading UK online trading firm IG Group Holdings plc (LON:IGG) shows a 73.5% chance of the Remain side…
Read moreLeading UK online trading firm IG Group Holdings plc (LON:IGG) began today what it plans to be a staged tightening of margin requirements for clients, leading up to the June 23 Brexit vote. As with other leading forex brokers, IG expects increased volatility and possibly widening spreads among major currency pairs, as well as stock indices,…
Read more... and this is not going to stop.
Read moreLeapRate has learned via filings made to the London Stock Exchange that investment giant BlackRock, Inc. (NYSE:BLK) has taken a 4.74% stake in interdealer broker and electronic markets operator ICAP plc (LON:IAP). BlackRock now holds 30.93 million ICAP shares, worth at today's prices £133.6 million (USD $194 million). With $4.6 trillion in assets under management, BlackRock is…
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