Shares of leading publicly traded Retail FX and CFD brokers traded down on Wednesday and early Thursday, in concert with the global stock market selloff taking place over the last 24 hours. Led by a dive in US shares on Wednesday which saw the Dow Jones and S&P indices off by more than 3%, and…
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Shares of Retail FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) rose by more than 9% on Tuesday after the company revealed plans to buy back up to $50 million of its own shares. Gain Capital's plans involve a Dutch Auction style buyback, which will see it pay between $7.24 and $7.94 per share tendered in…
Read moreUK financial regulator Financial Conduct Authority (FCA) has published two consultation papers, setting out its proposals in the event the UK leaves the European Union on March 29, 2019 without an implementation period - i.e., a so-called 'Hard Brexit'. It also set out its approach to the regulation of Credit Ratings Agencies, Trade Repositories and…
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After last week hiring Sucden's Michael Davies as its new Global Head of Sales, FCA regulated Prime of Prime brokerage Stater Global Markets has announced that Ayhan Gurcuoglu has joined the company as Regional Sales Manager (Turkey). Ayhan Gurcuoglu joins Stater from Sucden Financial, where he was also Regional Manager for Turkey. With over 18 years’ experience…
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ATFX (UK), a global leading online trading service provider, has announced that it will be launching a new education section that features a wide range of educational resources including webinars, market commentary articles & videos, weekly market reviews, ebooks and seminars. The webinars are designed to demonstrate the functionality of its platform and trading strategies…
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FX brokerage group GAIN Capital Holdings Inc. (NYSE:GCAP), which operates the FOREX.com and City Index Retail Forex brands, has announced that it commenced a "modified Dutch auction" tender offer to purchase up to $50 million of shares of its common stock, or such lesser number of shares of its common stock as are properly tendered and not properly…
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Online gaming and financial trading company Playtech PLC (LON:PTEC) announced late Friday that it has successfully priced €530 million (USD $611 million) in new junk debt. The 3.75% senior secured five-year notes due 2023 are expected to be assigned a rating of BB by S&P Global Ratings Europe Limited, UK Branch and Ba2 by Moody's Investors Service…
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Which Retail FX broker was the latest to renounce its CySEC CIF license, and leave Cyprus? Were ETX Capital and LCG able to rebound from losses in their most recently reported fiscal periods? Who became the latest significant institutional investor in Markets.com parent Playtech? Which FX industry executives changed places this week? (There were several!).…
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It looks like Saxo Bank's new ownership group has its work cut out. Continuing a very disturbing trend, trading volumes at Copenhagen based Retail FX broker Saxo Bank declined for the fourth consecutive month in September 2018, dropping to their lowest level since 2015. Saxo's all-important FX trading volumes - which account for more than…
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LeapRate Exclusive... LeapRate has learned that Silicon Valley based cloud-based eFX platform company Integral has made its second significant hire in as many months, adding Lars Olesen as the company's new Head of EMEA. Lars Olesen is currently working on a consulting basis, and will formally join Integral in November after completing garden leave. He…
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