Forex Industry Week Review: CFD regulation, new SpotOption CEO, FXCH fundraising, Gain Capital Payments CEO quits, and lots more… LeapRate

December 11, 2016 BY LeapRate Staff

Forex Industry Week Review: CFD regulation, new SpotOption CEO, FXCH fundraising, Gain Capital Payments CEO quits, and lots more…

Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…

Playtech continues with share buyback programme

December 08, 2016 BY LeapRate Staff

Playtech Plc begins buyback, purchasing £8.9 million of its own shares

Online gaming and financial trading giant Playtech PLC (LON:PTEC) has made the first purchases of its own shares in the open market, following its announcement earlier this week that the company will buy back up to €50 million (USD $54 million) of its own shares in the coming weeks through to December 31, 2016. Playtech bought…

December 07, 2016 BY LeapRate Staff

Plus500 stake increased by Odey to 21% as shares fall post FCA rules announcement

It looks like Odey Asset Management isn't afraid of the new FCA rules governing CFD trading. LeapRate has learned via regulatory filings that UK investment manager Odey Asset Management LLP was busy buying Plus500 Ltd (LON:PLUS) yesterday, as Plus500 shares were plummeting. Odey built its overall stake in Plus500 up to 21.28%, from just under…

December 06, 2016 BY LeapRate Staff

Playtech on FCA and CySEC bonus and leverage rules: no material impact, we're buying back shares

Online gaming and financial trading giant Playtech PLC (LON:PTEC) announced today a new share buyback plan, in which Playtech may purchase up to €50 million (USD $54 million) of its own shares in the open market in the coming weeks through to December 31, 2016. Playtech also stated that the recent rule changes announced by financial…

December 06, 2016 BY LeapRate Staff

Plus500 on FCA leverage and bonus directives: will have a material impact...

Continuing our coverage of this morning's news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker and #2 UK CFD player Plus500 Ltd (LON:PLUS) has issued a brief statement about the new rules. Plus500 did admit that the new…

December 04, 2016 BY LeapRate Staff

Forex Industry Week Review: Cyprus bonus ban, EZTrader raises $11M, FCA brokers head to Ireland, and lots more…

It was a week of sector-changing Forex Industry News. And as usual, you read about it exclusively or first at LeapRate. There were plentiful interesting stories we covered, but they all took a back seat to Cyprus regulator CySEC's ban on bonuses, reported first at LeapRate, as well as changes to trading leverage and client…

December 01, 2016 BY LeapRate Staff

CFH Clearing partners with Beeks Financial Cloud for HK1 Point of Presence

FCA regulated interbank prime of prime liquidity provider CFH Clearing has announced a partnership with Beeks Financial Cloud to set up a Point of Presence (POP) at HK1 in Hong Kong. The HK1 POP will enhance connectivity for CFH Clearing and its clients in Asia and allow brokers to cross connect via fibres in Equinix…

December 01, 2016 BY LeapRate Staff

Playtech completes acquisition of 70% of CFH Group

Playtech PLC (LON:PTEC) issued a brief note stating that it has now completed the acquisition of 70% of institutional FX firm CFH Group. The planned acquisition was initially disclosed on November 14. In a deal in which Playtech will eventually pay up to $120 million for all of CFH Group, Playtech paid an initial consideration of…

November 30, 2016 BY LeapRate Staff

Teddy Sagi increases Playtech share sale to £329 million

Teddy Sagi's Brickington Trading Limited now owns 21.6% of Playtech, down from 33.6%.

November 29, 2016 BY LeapRate Staff

Teddy Sagi's Brickington selling one-third of his Playtech holdings for £296 million

Teddy Sagi is selling when Playtech shares sit near all-time highs.

Tag: Playtech PLC (LON:PTEC)

Forex Industry Week Review: CFD regulation, new SpotOption CEO, FXCH fundraising, Gain Capital Payments CEO quits, and lots more…

Plus500 stake increased by Odey to 21% as shares fall post FCA rules announcement

Plus500 on FCA leverage and bonus directives: will have a material impact...

Forex Industry Week Review: Cyprus bonus ban, EZTrader raises $11M, FCA brokers head to Ireland, and lots more…

CFH Clearing partners with Beeks Financial Cloud for HK1 Point of Presence

Playtech completes acquisition of 70% of CFH Group

Teddy Sagi increases Playtech share sale to £329 million

Teddy Sagi's Brickington selling one-third of his Playtech holdings for £296 million

Marex Stock Up After Release Of 2023 FY Results And 2024 Q1 Update

Walmart Passes The $500bn Mark

Meta To Face Child Safety Probe By The European Commission

Tickmill Launches Interest Rate Offering

Netflix Ramps Up Its Ad-Supported Tier