LeapRate Exclusive... LeapRate has learned that retail FX broker Markets.com will be launching a new product soon - the MarketsX platform. CEO Joe Rundle joins us today to tell us all about it. Joe Rundle has been in the Retail FX and CFDs business for 15 years. He began his career at ETX Capital in 2004,…
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For the first time since mid 2017, Playtech founder and (former) controlling shareholder Teddy Sagi has sold shares in the company. Regulatory filings in the UK indicate that Teddy Sagi's Brickington Trading Ltd holding company sold 5 million Playtech shares earlier this week, for proceeds of approximately £23.2 million (USD $30.2 million). The sale takes Mr.…
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Online gaming and financial trading company Playtech PLC (LON:PTEC) has issued a Trading Update for Q3 (technically, for the period since June 30, 2018), indicating that overall not much has changed since 1H results were reported in August. The company stated that it remains on track to achieve adjusted EBITDA for 2018 in the range of…
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LeapRate Exclusive... LeapRate has learned that experienced FX industry marketing executive Vincenzo Roselli has joined Markets.com as the company's new Head of Business. Vincenzo Roselli is joining Markets.com, the retail FX arm of Playtech PLC (LON:PTEC), from FX and crypto affiliate group Investoo.com, where he had spent just over a year in charge of growing Investoo’s relationships with…
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FCA regulated FX liquidity and Prime of Prime solutions provider CFH Clearing has announced that it has formed a strategic partnership with oneZero Financial Systems, a technology and infrastructure provider for financial institutions and retail brokers. This partnership means CFH can now provide local liquidity from New York (NY4) to brokers and banks. CFH now offers local…
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LeapRate has learned via regulatory filings that Paris based asset manager Boussard & Gavaudan has sold down its equity position in online gaming and financial trading company Playtech PLC (LON:PTEC) from 9.1% to 4.8%. Boussard & Gavaudan holds its entire Playtech stake in the form of CFDs. Its 15.28 million Playtech CFDs are worth approximately £67.7 million…
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What led to the bankruptcy of what was once one of Australia's better known Retail FX brands? Who left his CEO position of an FCA licensed FX brokerage, to launch a new Retail FX brand? How is that new brand related to a leading online gaming brand? Where did Richard Bartlett (ex PrimeXM head of…
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Retail FX broker Markets.com, part of FTSE 250 group Playtech PLC (LON:PTEC), has announced the launch of ‘Live Sessions’, a new in-platform live streaming service aimed at keeping traders around the world up to speed with what’s going on in the markets with unique insights and analysis from a wide range of trading experts. To mark…
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Another major institutional player has taken a large bet on online gaming and financial trading company Playtech PLC (LON:PTEC), with regulatory filings showing that US banking giant JP Morgan has picked up an effective 6.41% stake in Playtech over the past few days, JP Morgan's stake consists mainly of a series of cash-settled equity swaps, plus…
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What are the FCA's plans for the "day after" in case a Hard Brexit happens, with no agreement in place with the EU on MiFID and passporting? Why did Playtech raise €530 million? Why is FOREX.com parent company GAIN Capital returning $50 million in capital to shareholders? How did the shares of Retail FX brokers do…
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