Forex industry news at LeapRate this week centered on a number of changes in ownership (and board seats) at some of the best-known names in the Retail FX sector. Who took over control of Saxo Bank? (And at what valuation?) Who sold control of Pepperstone? (And to whom?) Who is replacing Playtech and the company's…
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LeapRate Exclusive... LeapRate has learned via regulatory filings that Luxembourg based private label fund manager Axxion S.A. has built up a 5% ownership position in FCA regulated Retail CFD broker Plus500 Ltd (LON:PLUS). The stake, totaling 5,808,270 Plus500 shares, are worth about £82.3 million (USD $107 million) and represent 5.1% of Plus500's outstanding shares. The move…
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Which Retail FX broker decided to 'move offshore', from its home country to St. Vincent? Which Plus500 shareholders pocketed more than $400 million from the sale of stock? What are Tickmill UK's trading volumes? Admiral Markets' revenues? Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and…
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There are a lot more free floating shares out there now for Plus500 Ltd (LON:PLUS). Just several hours after a group of Plus500 founders sold 9.39 million shares in the company for £145 million, another 11.4 million PLUS shares hit the market, with online gaming and financial trading company Playtech PLC (LON:PTEC) selling its entire 9.99% stake…
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Almost immediately following the expiry of the 180 day lockup which they agreed to following their last share sale in early March 2018, the founding group of Plus500 shareholders have announced that they have sold another chunk of stock, representing more than half of their remaining collective stake in the company. In total, the shareholder…
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London based investment manager Odey Asset Management has made filings indicating that it has acquired a 5.02% stake in online gaming and financial trading company Playtech PLC (LON:PTEC). The interest of about 15.9 million Playtech shares (consisting of 6.7 million Playtech ordinary shares and 9.2 million CFDs on Playtech shares) is worth approximately £78.8 million (USD…
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Which Retail FX brokers posted financial and operating results this past week? Which Forex group is setting up a regulated institutional crypto exchange in Malta? Which longtime Google executive joined Plus500 as the company's new CTO? Answers to these questions and more appeared first or only at LeapRate. Some of our most viewed and commented-on…
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It is rare that a company reports a 43% quarterly drop in Revenues, but you could still call that quarter a successful and strong one. Well that seems to be the case with Plus500's Q2 results. After surprising the markets (and anyone else who follows the FX industry) with an absolutely astounding Q1 which saw…
Read moreShares of Retail FX and CFD broker Plus500 Ltd (LON:PLUS) were up nicely this morning, rising by 1% and re-approaching the company's all-time high as the company began trading for the first time on the LSE Main Market. Plus500 announced last week that it had received final approvals for the move to the Main Market from the LSE…
Read moreCFD broker Plus500 Ltd (LON:PLUS) has announced that the UK Listing Authority has approved the company's Prospectus in relation to the admission of the company's shares to the premium listing segment of the Official List of the FCA, and admission to trading on the London Stock Exchange plc's Main Market for listed securities. Plus500 had announced…
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