GAIN Capital’s Forex.com sees multi-year low in FX trading volumes, Sep2018 at $149.6B LeapRate

LeapRate Staff

LeapRate Analyst

October 04, 2018 BY LeapRate Staff

GAIN Capital’s Forex.com sees multi-year low in FX trading volumes, Sep2018 at $149.6B

Continuing something of a disturbing trend over the past few months, data from FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP) indicate that September was the company's slowest as far as trading volumes go looking back a number of years. GAIN Capital, which operates the Forex.com and City Index online retail trading brands, reported volumes of…

October 04, 2018 BY LeapRate Staff

Michael Davies leaves Sucden for Head of Sales role at Stater Global Markets

Continuing a months-long hiring spree, FCA regulated Prime of Prime brokerage Stater Global Markets has announced that Michael Davies has joined the company and has been appointed Global Head of Sales. Michael Davies joins Stater after over 14 years at Sucden Financial, where he was Head of eFX Sales EMEA and was instrumental in establishing and growing…

October 04, 2018 BY LeapRate Staff

Playtech gets another institutional investor as Setanta picks up 3% stake

After seeing UK hedge fund Odey Asset Management acquire a 5% stake in the company a month ago, online gaming and financial trading company Playtech PLC (LON:PTEC) has had Dublin, Ireland based value investor Setanta Asset Management jump in and buy a slightly smaller but still significant 3% interest in Playtech. The Setanta stake in…

October 03, 2018 BY LeapRate Staff

Alpha FX raises £20 million in secondary share offering

Corporate foreign exchange specialist Alpha FX Group plc (LON:AFX) has announced that the company has raised a total of £20 million (USD $26 million) through the issue of an aggregate of 3,218,602 new ordinary shares at a price of 620 pence per share. The company said that the share placing attracted strong support from high quality institutional investors.…

October 03, 2018 BY LeapRate Staff

Exness sees FX trading volumes rise 5% in September to $349 billion

FCA and CySEC licensed Retail FX broker Exness has reported a 5% rise in FX trading volumes for the month of September 2018, following a relatively slow summer trading season. September volumes came in at $349.1 billion at Exness, versus $331.9 billion in August. The $349.1 billion figure represented Exness' fourth best ever month, behind just March-April-May…

October 02, 2018 BY LeapRate Staff

Exclusive: Capital Index giving up CySEC license, COO Joanne Page resigns

LeapRate Exclusive... LeapRate has learned that London based spreadbetting and CFDs broker Capital Index has made an application to voluntarily give up its CySEC CIF license. The company had first received its CySEC license in 2014, and soon after the company expanded to the UK with an FCA license in 2015. Apparently with the FCA license (recently…

October 02, 2018 BY LeapRate Staff

ETX Capital returns to profit in 2017 with focus on HNW clients

LeapRate Exclusive... After posting a loss of £2.7 million in 2016 which was then followed by the departure of longtime CEO Andrew Edwards and the subsequent appointment of Arman Tahmassebi to the company's top management spot, LeapRate has learned that FCA regulated broker ETX Capital was able to turn things around in 2017, posting a modest profit of…

October 02, 2018 BY LeapRate Staff

LCG has best financial report in years, 1H-2018 Revenues hit £18.6 million

FCA regulated Retail Forex, CFDs and Spread Betting broker London Capital Group Holdings plc (NEX:LCG) has announced its financials for the first half of 2018, reporting its best results in a number of years. Overall, LCG brought in £18.6 million in Revenues in the first 6 months of 2018, up by 28% over the second half…

October 02, 2018 BY LeapRate Staff

FXSpotStream has best ever month with September FX trading volumes at $31.9B ADV

Multibank FX aggregation service FXSpotStream has reported figures indicating that September 2018 was its busiest month ever, with FX trading coming in at $31.9 billion in average daily volumes. Previous best ever result at FXSpotStream was June’s $30.4 billion ADV. As there were less trading days in September (20) than August (23), total volumes were actually slightly…

October 01, 2018 BY LeapRate Staff

Bank of Nova Scotia hit with $800,000 fine for Precious Metals Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has issued an Order filing and settling charges against the Bank of Nova Scotia (BNS) for engaging in multiple acts of spoofing in gold and silver futures contracts traded on the Chicago Mercantile Exchange (CME). The Order finds that BNS engaged in this activity by and…

GAIN Capital’s Forex.com sees multi-year low in FX trading volumes, Sep2018 at $149.6B

Michael Davies leaves Sucden for Head of Sales role at Stater Global Markets

Playtech gets another institutional investor as Setanta picks up 3% stake

Alpha FX raises £20 million in secondary share offering

Exness sees FX trading volumes rise 5% in September to $349 billion

Exclusive: Capital Index giving up CySEC license, COO Joanne Page resigns

ETX Capital returns to profit in 2017 with focus on HNW clients

LCG has best financial report in years, 1H-2018 Revenues hit £18.6 million

FXSpotStream has best ever month with September FX trading volumes at $31.9B ADV

Bank of Nova Scotia hit with $800,000 fine for Precious Metals Spoofing

Hidden Road Secures FINRA Broker-Dealer Licence to Expand Fixed Income Offering

MoneyGram Partners with Plaid to Enhance Pay-by-Bank Services in the US

ATFX Marks 8th Year of Supporting the Duke of Edinburgh Cup in 2025

Man Group Reports $172.6 Billion in AUM at the End of Q3

Impax Asset Management Subsidiary Enters Into Advisory Agreement with BNP Paribas Asset Management Europe