LeapRate Staff
LeapRate Analyst
Xunlei at Summer Davos
September 25, 2018 BY LeapRate Staff

Xunlei at Summer Davos: Blockchain will guard user privacy

The 12th Summer Davos gathered over 2,500 participants from 111 countries in Tianjin, to discuss multiple perspectives in building innovative societies in the Fourth Industrial Revolution. Blockchain powerhouse Xunlei’s chief executive Chen Lei was invited to attend the closing panel to address this subject: How to use emerging technologies to form business and benefit everyone.…

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Plus500 office
September 25, 2018 BY LeapRate Staff

BlackRock picks up $152 million, 7% stake in CFD broker Plus500

LeapRate has learned via regulatory filings that FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has acquired another large institutional shareholder, with US investment giant BlackRock Inc. (NYSE:BLK) picking up a 7.02% interest in Plus500. At current market prices of £14.48 for PLUS the BlackRock stake in Plus500 is worth £115.8 million (USD $152 million). Most of the…

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Fixi plc website
September 25, 2018 BY LeapRate Staff

Exclusive: FIXI plc adds Tom Tragett as Chief Market Analyst, David Freeman as Head of Retail FX

LeapRate Exclusive... LeapRate has learned that FCA regulated institutional FX broker FIXI plc has appointed Tom Tragett as Chief Market Analyst. FIXI is controlled by Goran Drapac, also the founder and shareholder of Australia based Retail FX broker AxiCorp, which operates the AxiTrader brand. Tom Tragett has been involved in the FX markets for nearly 40…

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cmc markets offices
September 25, 2018 BY LeapRate Staff

CMC Markets lowers guidance expecting 20% drop in Revenues

London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) has issued a Trading Update ahead of the close of the company's Fiscal 2019 second quarter at the end of September, indicating that it is forecasting a greater-than-expected drop in Revenues for the full year (which ends for CMC on March 31, 2019). CMC…

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ThinkMarkets launches ThinkZero, low-latent algorithmic & automated trading solution
September 21, 2018 BY LeapRate Staff

Exclusive: ThinkMarkets UK revenue and activity flat in 2017

LeapRate Exclusive... After tripling its Revenue in 2016, LeapRate has learned via filings made in the UK and Australia that ThinkMarkets UK had a more reserved year in 2017, with Revenue, Profit and Client Deposit activity basically mirroring that of the previous year. ThinkMarkets UK revenue for 2017 came in at £3.79 million (USD $5 million), versus £3.82…

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DTT UK FCA license
September 21, 2018 BY LeapRate Staff

Exclusive: Direct Trading Technologies UK granted FCA license

LeapRate Exclusive... Further to our exclusive report back in March that MENA and New Zealand FX brokerage group Direct Trading Technologies (DTT) is in the latter stages of applying for and receiving an FCA license, LeapRate has learned that Direct Trading Technologies UK Ltd has been approved by the UK financial conduct authority (FRN: 79589) and plans…

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Mark Richards Gain Capital board
September 21, 2018 BY LeapRate Staff

FOREX.com parent GAIN Capital sees Mark Richards resign from the Board

Retail FX brokerage group GAIN Capital Holdings Inc (NYSE:GCAP), parent company of FOREX.com, has announced that Mark Richards, a member of the Board of Directors was resigning from the Board, effective immediately. Mark Richards, CEO of IPGL Limited, was appointed to the GAIN Capital Board less than a year ago, as the IPGL representative on the…

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SFC fines
September 20, 2018 BY LeapRate Staff

CFTC hits Geneva Trading USA with $1.5M fine for Spoofing

The U.S. Commodity Futures Trading Commission (CFTC) announced that it has issued an Order filing and settling charges against Geneva Trading USA, LLC, a proprietary trading firm in Chicago, Illinois, for engaging in the disruptive trading practice of “spoofing.” The Order finds that Geneva engaged in this activity through three of its employees identified in the…

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September 20, 2018 BY LeapRate Staff

China's SAFE and PBoC increase crackdown on foreign FX brokers

LeapRate Exclusive... The People's Bank of China, effectively China's central banking authority, has posted a notice on its website providing further warnings that it is planning to take measures to shut down what it terms illegal FX brokerage activity targeting China-based Retail FX traders. The notice, which also officially comes from the Ministry of Public Security…

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