Tag: TechFinancials Inc (LON:TECH)

TechFinancials sells its holding in MarketFinancials to Proverial Ltd
February 06, 2018 BY LeapRate Staff

TechFinancials cancels sale of OptionFair and Binary Options holdings

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) has announced that it has cancelled the planned sale of its Binary Options holdings, after the buyers were unable to secure the necessary regulatory approvals for the deal by a self-imposed deadline of January 31, 2018. As we reported in late November, TechFinancials came to an…

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TechFinancials rocket
January 12, 2018 BY LeapRate Staff

TechFinancials shares soar on increased Cedex ICO size

Shares of binary options technology (and more recently Blockchain tech) provider TechFinancials Inc (LON:TECH) were soaring by 28% to an all time high of 37 pence on Friday morning, after the company announced that it was increasing the size of the planned token sale for Cedex Holdings Ltd. TechFinancials recently invested in Cedex, which is setting…

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Cedex blockchain diamond exchange
December 28, 2017 BY LeapRate Staff

TechFinancials puts more cash into Blockchain based online diamond exchange Cedex.com

After receiving more than $1 million in dividends from its China JV DragonFinancials, binary options platform provider TechFinancials Inc (LON:TECH) is continuing its diversification away from binaries by plowing some of that cash into its Cedex.com joint venture. As we reported in October, TechFinancials set up Cedex.com as a JV with private banking expert Saar Levi. Cedex (CErtified…

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TechFinancials converts loan into Footies
December 21, 2017 BY LeapRate Staff

TechFinancials gets another $1.1 million payout from China binary options JV DragonFinancials

It looks like TechFinancials Inc (LON:TECH) isn't done quite yet with the Binary Options business. TechFinancials announced that it has received dividends totaling $1.46 million from two subsidiaries - $1.12 million from its 51% owned joint venture DragonFinancials, which operates a China-focused binary options brokerage business, and $340,000 from its (formerly) fully owned subsidiary MarketFinancials, which provides…

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forex industry news update
December 10, 2017 BY LeapRate Staff

FX Industry Week Review: CySEC forex broker license, Formax Prime launch, FXDD-IronFX merger off, and lots more…

Which FX broker is the latest to get a CySEC CIF license? Which China-backed, FCA-licensed ECN broker launched in London? Why was the FXDD-IronFX merger called off? What major change did Plus500 Ltd (LON:PLUS) make to its Affiliate program? Answers to these questions and more appeared exclusively or first at LeapRate this week. Some of our…

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