FX Industry Week Review: TechFinancials exits Binary Options, New FCA licensed FX broker, FX-MM shut down and lots more… LeapRate

November 26, 2017 BY LeapRate Staff

FX Industry Week Review: TechFinancials exits Binary Options, New FCA licensed FX broker, FX-MM shut down and lots more…

While there was much to ponder in Forex Industry News this past week, our coverage was highlighted by a number of senior executive moves at some of the leading FX sector companies. Who's the new CEO at RationalFX? Which former City Index executive is joining Ikon Finance ahead of its relaunch as an institutional FX…

TechFinancials sells its holding in MarketFinancials to Proverial Ltd

November 24, 2017 BY LeapRate Staff

TechFinancials sells OptionFair binary options brand for $400K as it focuses on Blockchain and Crypto technologies

Binary options technology and brokerage company TechFinancials Inc (LON:TECH) is getting out of the broker side of the business. TechFinancials today announced that it has agreed to sell its CySEC licensed subsidiary B.O. TradeFinancials Limited which operates the OptionFair binary options brokerage brand, as well as another related subsidiary MarketFinancials Limited, to a Cyprus incorporated company called…

October 29, 2017 BY LeapRate Staff

Forex Industry Week Review: Binary Options law passes, FX platform legal battle, Atom8 acquired, Alpari returns, and lots more…

In a wild week of Forex Industry News including regulatory action, legal battles, acquisitions, new licenses, FX broker results... Which country's legislature passed a new comprehensive anti-Binary Options law? Which leading Australian broker expanded to the UK, buying an FCA regulated Retail FX brand? Which FX platform and tech solutions provider is at the center…

Good news for Bitcoin investors: Israel might cut tax on profit by half

October 24, 2017 BY LeapRate Staff

Binary Options ban legislation (finally) passes in Israel

After months of behind-the-scenes lobbying and resulting delays, Israel's Binary Options bill was passed in the country's Knesset parliament late Monday, in a (rare) unanimous 53-0 vote. The vote came in the opening day of the Knesset's winter session, after intense industry lobbying efforts were able to delay the Binary Options bill from being introduced…

Cedex online blockchain diamond exchange

October 23, 2017 BY LeapRate Staff

TechFinancials partners with Saar Levi in Blockchain based online diamond exchange CEDEX.com

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced that it is partnering with private banking expert Saar Levi to start a new venture called CEDEX.com. According to TechFinancials, CEDEX will operate a Blockchain based online exchange for diamonds, with a long-term vision to turn the traditional diamond industry into a financial tradable…

September 01, 2017 BY Valentina Kirilova

TechFinancials releases challenging first half 2017 results

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced its unaudited interim results for the six month period ended 30 June 2017 (H1 2017). Financial Overview: Group Revenues of US$ 6.97m (H1 2016: US$ 9.86m) Core software licencing revenues on standalone basis totalled US$ 3.58m (H1 2016: US$5.82m) The trading platform revenues totalled…

August 02, 2017 BY LeapRate Staff

TechFinancials gets $1 million dividend payout from DragonFinancials China binary options JV

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced that its 51% owned joint venture which focuses on the China and APAC region, DragonFinancials, has declared an interim dividend payout of USD $2 million payable by August 20, 2017, in respect of the six month period ended June 30, 2017. TechFinancials' portion of the dividend will…

July 28, 2017 BY LeapRate Staff

Binary Options company TechFinancials grants 1.1 million options to employees and directors

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has announced that under the terms of the Company's 2014 Employee Share Incentive Plan and on the recommendation of the Remuneration Committee, the Board yesterday granted options over 1,120,000 TechFinancials' ordinary shares to employees, directors and consultants to the Company at an exercise price of US$0.0915 (approximately 7…

July 09, 2017 BY LeapRate Staff

Forex Industry Week Review: Turkey foreign FX ban, GKFX raises $15M, broker results, and lots more…

The move into summer months did not seem to slow down the stream of Forex Industry News this past week, with all the top stories once again appearing exclusively (or first, before being copied elsewhere) at LeapRate. We exclusively reported on Turkey's ban on accounts and trading with foreign Forex brokers, on GKFX's second major…

July 04, 2017 BY LeapRate Staff

TechFinancials revenues plummet 39% in 1H-2017 as binary options squeeze hits

Binary options platform and brokerage group TechFinancials Inc (LON:TECH) has issued its Trading Update for the first six months of 2017 and, not unexpectedly, did not contain much good news. As the binary options sector has been hit hard both by regulators worldwide, including TechFinancials' home country of Israel, and by a lot of negative press…

Tag: TechFinancials Inc (LON:TECH)